CALGARY, Alberta, May 2 - The chief executive of Canada's Suncor Energy Inc said on Wednesday he expected Prime Minister Justin Trudeau to move in the «next few weeks» to ensure that Kinder Morgan Canada's Trans Mountain oil
pipeline expansion goes ahead.
Not exact matches
Adding to the crunch, Kinder Morgan Canada paused work last month on its Trans Mountain
pipeline expansion, citing opposition in British Columbia, and said it would decide by May 31 on whether to
go ahead with the build or not.
That's despite the fact premiers Christy Clark and Alison Redford, in a backgrounder to their recent agreement on the ground rules for building
pipelines, warned that oil may end up crossing B.C. by train en route to Asia regardless of whether the Northern Gateway or Trans - Mountain
Expansion projects
go ahead.
The 2018 budget largely evades both options in a chapter entitled Path to Balance: it's 15 pages thick with handy - dandy charts, economic assumptions of modest growth, and holds out the expectation that the Trans Mountain
pipeline expansion will
go ahead and bring further prosperity to Alberta.
West coast
pipelines like Northern Gateway or the TransMountain
expansion would certainly make more Canadian crude available in the Pacific basin, but even there it's a stretch to say that all of it would
go to China.
The company filled the gap with $ 7 billion in new assets that
went into service in the past year, including the
expansion of the NGTL
Pipeline and the Canadian Mainline systems, as well as the Gibraltar, Rayne XPress, Leach XPress and Cameron Access projects in the U.S. natural gas
pipeline business.
«Their EBITDA is
going to skyrocket over the next few years because they have so many contracted projects such as
pipeline expansions and gas plants.»
While the company behind the project, Enbridge, is trying to label the project a «replacement»
pipeline, it would be a massive
expansion that would
go straight through Indigenous territory, violating treaty rights, and posing an immediate threat to water, land and way of life.
Fracking has expanded to the majority of the Mandan Hidatsa and Arikara nations, (Ft. Berthold) and a new
pipeline for the Bakken fracked oil is proposed to
go from North Dakota into Minnesota, adjacent to the Enbridge
pipeline which is seeking
expansion from 440,000 barrels to 800,000 barrels per day of dilbit, or tar sands oil.
While the company behind the project, Endrige, is trying to label the project a «replacement»
pipeline, it would be a massive
expansion that would
go straight through Indigenous territory, violating treaty rights, and posing an immediate threat to water, land and way of life.
Canadian Prime Minister Trudeau's decision this week to approve a major
expansion of the Kinder Morgan Trans Mountain
pipeline has negative implications that
go well beyond the borders of the Great White North.
Alberta Premier Rachel Notley, a New Democrat, had just expressed her confidence everything was
going swimmingly in the Alberta government's negotiations with the Texas - based energy company to «reduce or eliminate investor risks» and ensure the controversial
pipeline expansion to the B.C. Coast moves ahead.
Sorry that some of your wineries will
go bankrupt, but we have challenges here in Alberta, too, and our actions are a direct result of your decision to delay the construction of the Trans Mountain
pipeline expansion and, particularly, your announcement that B.C. would prevent the shipment of diluted bitumen for loading on to tankers at the Burnaby refinery.
The $ 7.9 - billion
pipeline expansion would triple the amount of Alberta crude
going from Edmonton to the port in Burnaby.
We decided six years ago we're
going to do everything we can to stop this
pipeline expansion, and that's why we're here.»