When was the Trans Mountain pipeline expansion approved?
On June 18, 2019 the Government of Canada approved the Trans Mountain Expansion Project. The Project is subject to 156 conditions enforced by the Canada Energy Regulator. Here are some quick facts about the expansion: It will be approximately 980 km of new pipeline.
Will Trans Mountain ever be built?
Trans Mountain has completed a full review of its Project schedule and cost estimates. With all work fronts now active, mechanical completion of the Project is anticipated to occur in the third quarter of 2023. The total Project cost has increased from $12.6 to $21.4 billion.
Why is Trans Mountain pipeline not being built?
TMC blamed the higher cost on the impact of the COVID-19 pandemic and extreme weather in British Columbia, which temporarily shut down flows on the existing Trans Mountain pipeline in November.
Who owns the Trans Mountain pipeline expansion?
the federal government
The existing Trans Mountain pipeline carries 300,000 barrels of oil per day, and is Canada’s only pipeline system transporting oil from Alberta to the West Coast. It was bought by the federal government for $4.5 billion in 2018, after previous owner Kinder Morgan Canada Inc.
When will the Trans Mountain expansion project be approved?
On June 18, 2019 the Government of Canada approved the Trans Mountain Expansion Project. The Project is subject to 156 conditions enforced by the Canada Energy Regulator.
What does the Trans Mountain expansion mean for Canada?
Prime Minister Justin Trudeau and his cabinet have again approved the Trans Mountain expansion project, a crucial next step for the much-delayed pipeline project designed to carry nearly a million barrels of oil from Alberta’s oilpatch to the B.C. coast.
What’s next for the Trans Mountain Pipeline?
Prime Minister Justin Trudeau and his cabinet have again approved the Trans Mountain expansion project, a crucial next step for the much-delayed pipeline project designed to carry nearly a million barrels of oil from Alberta’s oilpatch to the B.C. coast each day.
Will Ottawa sell its stake in the Trans Mountain project to indigenous groups?
The federal Liberal government said Tuesday it will soon begin the process of meeting with Indigenous groups who are interested in buying the project and it is open to selling as much as 100 per cent of its stake to First Nations, Métis and Inuit investors. Ottawa has said it does not want to own the project long-term.