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Trans Mountain

All articles tagged with #trans mountain

energy1 month ago•3 min saved

Canada shifts to a southern Trans Mountain route with $150B investment and Indigenous partners

Canada and Alberta unveiled more than C$150 billion in investments to push a major new oil pipeline that would follow the Trans Mountain corridor and end at a southern terminal, capable of moving about 1 million barrels per day. The plan emphasizes Indigenous ownership, substantial methane reductions, and immediate consultations with Indigenous communities, provinces, and territories, while keeping the northern tanker ban in place. British Columbia backs safeguards and compensation for environmental risks, but First Nations warn of potential spill dangers, climate groups critique further fossil fuel expansion, and critics say taxpayers may bear most of the project costs and face possible overruns.

via The Guardian|

#alberta #canada #energy

energy1 month ago•5 min saved

Canada plots Asia-bound oil pipeline to curb US dependence

Canada unveiled a plan for a more-than-1,000-km west‑coast oil pipeline from Alberta to British Columbia to export up to 1 million barrels per day to Asia, using the existing Trans Mountain corridor. Built by Trans Mountain Corp with Pembina Pipeline, the project aims for ground‑breaking by 2027 and could attract over C$200 billion in direct investment while expanding LNG terminals and upgrading the Vancouver port. Ottawa says the pipeline would diversify Canada’s energy exports away from the US, which currently buys the bulk of Canadian oil, but the plan faces environmental, Indigenous and regional political concerns, including an Alberta independence referendum in the works.

via Financial Times|

#asia #canada #energy

business1 month ago•3 min saved

Canada eyes Asia with new West Coast oil pipeline plan

Canada says it has secured a deal with British Columbia to build a major oil pipeline from Alberta to the West Coast, aiming to export over 1 million barrels per day to Asian markets and reduce dependence on the United States amid a US–Canada trade war. The plan involves the Trans Mountain Corporation and Pembina Pipeline, with Alberta pushing production growth while BC faces environmental and Indigenous concerns and maintains its northern coast tanker ban. The arrangement follows the Trans Mountain expansion that already shifted a large share of Pacific Coast crude to Asia, part of a broader effort to diversify energy markets beyond the US.

via Al Jazeera|

#asia-markets #business #canada

business1 month ago•6 min saved

Canada backs West Coast oil link to Asia to unite provinces and expand exports

Prime Minister Mark Carney announced a public-private West Coast pipeline to ship up to one million barrels per day of Alberta oil to Asian markets, a policy shift aimed at boosting exports, addressing western separatism, and strengthening national unity. The project involves the Alberta government, Trans Mountain Corporation, and Pembina Pipeline, with funding details to be negotiated, and comes alongside a separate Canada–British Columbia deal to support LNG and mining projects.

via Politico|

#alberta #business #carney

world1 month ago•5 min saved

Canada eyes Asia energy via new west-coast pipeline

Canada unveiled plans for a more-than-1,000-km oil pipeline from Alberta to British Columbia to export up to 1 million barrels per day to Asia, part of a broader strategy to reduce dependence on the US. The project would be built by Trans Mountain Corp with Pembina Pipeline, aiming to attract over C$200 billion in direct investments and expand LNG terminals and Vancouver’s port capacity. Led by Prime Minister Mark Carney, the plan signals a shift toward Asian energy markets, though it faces environmental and Indigenous concerns.

via Financial Times|

#asia #canada #mark-carney