B.C. Environment Minister George Heyman will soon decide the fate of Enbridge’s Westcoast Connector Gas Transmission Project — and possibly his government. First approved in 2014, the 48-inch pipeline would carry fracked gas across a complex patchwork of sovereign territories to a new LNG terminal on the coast.
Feb. 18, 2023 marked the one-year anniversary of Trans Mountain’s last construction cost update, when the price tag of the expansion project (TMX) ballooned to $21.4 billion — nearly triple the cost projected when Canada bought the embattled pipeline in 2018.
'Feels pretty good': Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says
Up 11 per cent from last year, but still well off levels in 2014 when oil prices last boomed
CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday.
Last July, the city of Vancouver pledged $1 per resident to bring a class-action lawsuit against the largest oil companies, but those funds are nowhere to be found in the 2023 budget.
In 1988, scientists working for the oil giant Shell wrote in an internal memo that the burning of fossil fuels, if unchecked, would lead to changes to sea level and weather “larger than any that have occurred over the past 12,000 years.”
![‘The irony is that [the LNG Canada plant will] be BC’s largest source of pollution but will be paying less in carbon tax than regular British Columbians filling up at a gas station,’ says Sven Biggs, Canadian oil and gas programs director. Photo via Shutterstock.](https://ecosocialistsvancouver.org/sites/default/files/styles/medium/public/article-image/lngfreighter.jpg?itok=_fyMDZ53)
