Resale value of Trans Mountain pipeline expansion will drop by $700M from year of delay: PBO
The resale value of the Trans Mountain pipeline project will drop by close to $700 million if it is completed just one year behind schedule. According to a new report by the Parliamentary Budget Officer that was released Thursday morning, a one-year delay in completion would reduce the value of the Trans Mountain pipeline expansion…
NEB rejects Burnaby’s bid to stop work at Trans Mountain pipeline terminal
The National Energy Board has rejected the City of Burnaby’s request that it rescind orders allowing the company building the Trans Mountain pipeline expansion to conduct work at its terminal in the city. The Metro Vancouver city had asked that the board cancel the orders after the Federal Court of Appeal quashed government approval for…
After Wet’suwet’en protests, when might Trans Mountain get built? ‘Not anytime soon’: business leader – National
Construction on the controversial Trans Mountain pipeline project is probably unlikely to begin any time soon. In an interview with the West Block‘s Mercedes Stephenson, Goldy Hyder, the president of the Business Council of Canada, said based on renewed tensions between law enforcement and Indigenous people blockading pipeline work sites over the past week, he’s…
Rally held in central Alberta town to call for immediate construction of new pipelines
A rally calling for the immediate construction of new pipelines was held Tuesday in a central Alberta town that’s been particularly hard-hit by the oil price differential that’s been inflicting economic pain across much of the province. Hundreds of people turned up at the demonstration outside the Clean Energy Technology Centre in Drayton Valley, Alta.,…
When will the Trans Mountain pipeline expansion get built? It’s hard to tell
A timeline for when the Trans Mountain pipeline expansion may begin is up in the air, as the Liberals announced plans to redo an environmental review of the project. The National Energy Board (NEB) has less than six months to do the review, this time taking into account the impact of additional oil tanker traffic off the…