Nnaziri Ihejirika

Vienna University of Economics and Business (WU) Executive Academy.

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                    [post_content] => The Canadian oilsands resource has gone from being touted as energy security for North America to being derided as an energy-intensive form of oil extraction with no long-term future. New investment has been affected by the emergence of other unconventional oil sources, particularly light tight oil (LTO) in the United States. Environmental concerns have also weighed on the debate about the future of the oilsands. Compounding the threat, pipeline capacity has not kept pace with the growth in oilsands production, increasing the discount on Canadian oil relative to global benchmarks and applying downward pressure on operating profits.

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