The cancellation of the Keystone XL pipeline project by a new, climate-focused U.S. president is the latest major blow to Canada’s fossil fuel industry. But it’s no secret that even before the COVID-19 pandemic decimated the economy, the sector was already reeling from falling demand and low global oil prices.
SFU team says rising construction costs, new climate change measures mean project should be shelved
The estimated construction cost for the Trans Mountain pipeline expansion has ballooned from $5.4 billion to $12.6 billion. (Jason Franson/Canadian Press)
But the company says it's added a buffer to protect them
One of the world's smallest birds are in danger in Burnaby due to work on the Trans Mountain pipeline project, say local environmentalists.
On Tuesday, March 23, two Anna's Hummingbird nests were confirmed in the woodland corridor of the Brunette River watershed in an area slated to be cleared for Trans Mountain pipeline construction, according to Sara Ross, one of the nest-finders and a Burnaby resident.
Imperial Oil Ltd. is advising investors attending its annual meeting in May to vote against a shareholder resolution that it adopt a corporate wide target to achieve net-zero carbon emissions by 2050.
