The growth engine of Canada’s energy industry is poised to shut off next decade, according to the International Energy Agency. Production gains from the oil sands in northern Alberta will slow dramatically or come to a halt as crude prices remain low and costs too high for one of the world’s most expensive sources of oil, the agency forecast Monday in a report on the global medium-term crude market. Environmental concerns, a lack of new oil pipelines and uncertainty about policy in Alberta are also causing companies to slow development work, the report said. “We are likely to see continued capacity increases in the near term, with growth slowing considerably, if not coming to a complete stand still, after the projects under construction are completed,” the agency said. Oil sands producers were pulling out of projects in the face of competition from U.S. shale even before the current global […]