Canada regulator to reconsider Trans Mountain pipeline to Pacific by Staff Writers Ottawa (AFP) Sept 21, 2018 The Canadian government on Friday ordered a new review of the Trans Mountain pipeline to the Pacific taking into account the impact of increased tanker traffic on endangered killer whales along the coast. Natural Resources Minister Amarjeet Sohi said the National Energy Board (NEB) will have 22 weeks to reassess the project, after the Federal Court of Appeal last month blocked it over concerns for the marine mammals. He said new consultations with indigenous tribes along the pipeline route -- another condition set by the court to get the project back on track -- would come later. "We are focused on getting this project right. We want to make sure that everything we do enables us to move forward on this project, which is very important project for Canada's economy," Sohi said. Ottawa, he added, will ask the NEB to consider the government's new Can$1.5 billion oceans protections plan as part of its assessment. The 1,150-kilometre (715-mile) pipeline was to move 890,000 barrels of oil a day from landlocked Alberta province to the Pacific coast for export overseas, replacing a smaller crumbling conduit built in 1953. Prime Minister Justin Trudeau's government approved the project in 2016 after an environmental review, saying it was in the "national interest" as it would help ease Canada's reliance on the US market, and get a better price for its crude oil. But it has continued to face stiff opposition from environmentalist activists and indigenous tribes concerned that increased shipping from a marine terminal at the end of the route in Vancouver would impede the recovery of killer whale populations in the area. Ottawa stepped in to buy the project for Can$4.5 billion (US$3.5 billion) last month, effectively nationalising it in a bid to bring a swift end to legal challenges and illegal protests at construction sites.
Permian shale producers hedging their bets against pipeline projects Washington (UPI) Sep 14, 2018 New pipeline infrastructure can't get built fast enough in the Permian Basin, where oil is selling at a $15 discount and producers are locking in prices for the next two years. New multi-billion pipeline projects are under construction or planned over the next few years to get the crude oil and natural gas to refineries on the Gulf Coast. But a new report by Wood Mackenzie shows producers don't have faith that the pipelines will be done on time. The number of Permian producers hedging th ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |