The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$...
WINNIPEG, Manitoba - The Canadian government-owned Trans Mountain oil pipeline is expected to cost C$12.6 billion to expand, a sharp increase from the previous estimate of C$7.4 billion, the pipeline company’s chief executive said on Friday.
The company decided to use thicker steel than it had previously planned for sensitive areas such as water crossings and changed its construction techniques to protect places that may have indigenous artifacts. The project will twin a 67-year-old pipeline and nearly triple capacity to 890,000 barrels per day moving from Alberta to a Pacific coast port near Vancouver. It is one of several pipeline projects that have been delayed due to opposition from environmental activists and indigenous groups, forcing the Alberta provincial government to order production curtailments.
In 2018, Ottawa bought the pipeline for C$4.5 billion to ensure expansion proceeded. Anderson said he was not aware when the government plans to sell Trans Mountain to private buyers, or how the higher cost would affect interest.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Calif. bill requires colleges to update trans graduates’ names on diplomasIn order to have names changed on college diplomas, graduates are required under the bill to submit a state ID, driver’s license, Social Security card, birth certificate, U.S. passport or document indicating a court-ordered name change.
Read more »
Trans Youth Are Being Targeted With State LawsEfforts to criminalize providing medical services to trans youth are currently under consideration in South Dakota, Colorado, Oklahoma, Missouri, Illinois, Kentucky, South Carolina, and Florida.
Read more »
Over 200 medical professionals in the South oppose bills targeting trans youthMore than 200 medical professionals in the South have signed an open letter opposing a bevy of state bills targeting health care treatment for transgender minors.
Read more »
Twitter notches first $1 billion quarterly revenue, beating estimates; shares jumpTwitter Inc pulled in $1 billion in quarterly revenue for the first time on Thur...
Read more »
Pinterest stock jumps after earnings beat, prediction of more than $1.5 billion in 2020 revenuePinterest Inc. shares soared more than 15% higher in after-hours trading Thursday after the social-media company reported better earnings and revenue than...
Read more »
After Striking Out With WeWork, Masayoshi Son’s Net Worth Jumps $1.2 BillionShares of the troubled Japanese conglomerate jumped 7.1% on Friday in Tokyo on news that hedge fund Elliott Management has acquired a stake and is pushing for a stock buyback and governance changes at SoftBank.
Read more »