It's opening day for the $34 billion Trans Mountain oil pipeline expansion
Wednesday marks the official start date of the long-awaited $34-billion Trans Mountain oil pipeline expansion project.
Crown corporation Trans Mountain Corp. says as of Wednesday, the expanded pipeline from Alberta to the B.C. coast will be transporting crude oil.
The project involved twinning an existing pipeline that runs from Alberta to the B.C. coast.
It took more than four years to construct, and was one of the most costly infrastructure projects in Canadian history.
The expansion increases the Trans Mountain system’s shipping capacity from 300,000 barrels per day to 890,000 barrels per day, and will help open up global export markets for Canadian oil.
https://www.thestar.com/business/its-opening-day-for-the-34-billion-trans-mountain-oil-pipeline-expansion/article_04bc2547-5a68-5c08-91c8-1c7bab8ab4a7.html
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The Trudeau government talks about how they're decarbonizing, but still spent $34 billion on a pipeline to get more crude to Asia. They'll get some of that cost back on tariffs from the pipeline but they want to sell it and will incur a massive write-off thanks to the Canadian taxpayer.
