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Wave of pipeline cancellations a sign of industry's woes

The US pipeline industry is grappling with a series of project cancellations and delays in wake of the coronavirus pandemic, which also potentially indicates the increasing reluctance of banks and other institutions to fund costly pipeline projects. "The environmental pushback is starting to increase the cost of capital for some producers, leading to lower overall production, and that ultimately boomerangs into the (pipeline) space," said Wood Mackenzie oil analyst John Coleman.

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