Pembina Pipeline expects lower spending in 2021, suspends joint project marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
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Canada’s Pembina Pipeline Corp on Monday forecast 2021 capital investment to be $785 million, lower than 2020 projection, and said it would suspend execution of a joint venture project in the Alberta province indefinitely.
A sharp decline in global crude prices and demand destruction caused by the COVID-19 pandemic have battered Canada, which was already selling its oil at steep discounts.