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.
This post originally appeared on Rolling Stone and was published January 21, 2020.
In 2014, a muscular, middle-aged Ohio man named Peter took a job trucking waste for the oil-and-gas industry. The hours were long — he was out the door by 3 a.m. every morning and not home until well after dark — but the steady $16-an-hour pay was appealing, says Peter, who asked to use a pseudonym. “This is a poverty area,” he says of his home in the state’s rural southeast corner. “Throw a little money at us and by God we’ll jump and take it.”
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.
‘No other way to do it’: Biden about to go big on power plants
Historically strict EPA regulations on coal- and gas-fired power plants are due out. They face legal and political peril.
The Biden administration is poised to unveil its most ambitious effort yet to roll back planet-warming pollution from the nation’s thousands of power plants — an effort that’s certain to bring a legal and political attack from conservatives but may disappoint some supporters of the president’s climate agenda.
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.
