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Has the economic underpinning for an Alberta RFP merchant upgrader disappeared with the narrowing of the gap between Canadian heavy and light oil prices?

April 26, 2017Alberta Canadian Disappeared Economic gap merchant narrowing RFP underpinning upgrader

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Has the economic underpinning for an Alberta RFP merchant upgrader disappeared with the narrowing of the gap between Canadian heavy and light oil prices?

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The BRIK policy is not based on short-term market fluctuations as the intent is to ensure Alberta has a globally competitive investment climate for value-added activity. The industry will ultimately make the investment decisions to build upgrading capacity and will undertake to manage the day to day market fluctuations.