Through the Pathways Alliance, an organization of some of Canada’s largest oil producers, high-level bureaucrats were asked for long lead times and a ‘flexible, non-regulatory approach’ to usher in a limit on the sector’s air pollution
The Pathways Alliance plastered Toronto streetcars and Vancouver billboards with optimistic messages about its plan to slash pollution and help Canada meet its climate goals. Behind the scenes, the coalition of fossil fuel producers struck a different tone.
(Reuters) - Oil shippers on the Trans Mountain expansion (TMX) project are challenging proposed pipeline tolls filed by Canadian government-owned Trans Mountain Corp with regulators last month, citing concerns about significant costs increases.
TMX will nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day, and is due to start up early next year.
The Trans Mountain pipeline received additional support from the Canadian government after the cost to expand the controversial Alberta-to-British Columbia oil conduit jumped 44 per cent in March.
In 2018, Husky Energy asked Stephen Mason, who has years of experience developing oil and gas projects on the African continent, to get First Nations together to put in a bid to buy the Trans Mountain Expansion (TMX) Pipeline. Husky, which has since been bought by Cenovus, had already booked space on the yet-to-be-built pipeline to get its oil from Alberta to the Pacific coast, where it could sell at higher prices.
Pipeline watchers say Ottawa may need to take a haircut if it wants to find a buyer
The overbudget Trans Mountain expansion project owes its lenders at least $23 billion and is looking to take on more private debt as the federal government shuts its wallet and construction costs skyrocket.
Pathways Alliance questions research, says industry calculations are world standard
New federal research suggests greenhouse gas emissions from the Alberta oilsands may be significantly underestimated, adding to a growing pile of studies that say our understanding of what is going into the atmosphere is incomplete.
Despite pledging to reach net-zero greenhouse gas emissions, Canada’s Big 5 banks have invested over $1 trillion in coal, oil and gas companies since 2016, upping the risk to the Canadian economy as the energy transition unfolds.
