Canadian pension fund managers takes an interest in oil sands pipelines

Canadian pension fund managers takes an interest in oil sands pipelines

Wolf Midstream has purchased Devon Energy's 50% stake of the Access Pipeline for $1.4 billion.

The Access Pipeline system includes both diluted bitumen and diluent lines that run between Christina Lake and Edmonton. Devon has committed to a 25 year contract for bitumen/diluent deliveries on the pipeline which will add US$100 million per year in operating costs for their Jackfish SAGD facility.

Wolf Midstream is backed by the Canada Pension Plan Investment Board (CPPIB), the investment arm of the Canada Pension Plan funds.

Mining versus in-situ: A look at how energy companies are shifting their priorities

Mining versus in-situ: A look at how energy companies are shifting their priorities

TransCanada dangles thousands of jobs for trades unions

TransCanada dangles thousands of jobs for trades unions

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