{"id":5617,"date":"2024-04-30T03:54:35","date_gmt":"2024-04-30T03:54:35","guid":{"rendered":"https:\/\/internationalpulse.net\/?p=5617"},"modified":"2024-04-30T03:54:35","modified_gmt":"2024-04-30T03:54:35","slug":"canadas-first-new-oil-pipeline-in-decades-starts-operating","status":"publish","type":"post","link":"https:\/\/internationalpulse.net\/?p=5617","title":{"rendered":"Canada&#8217;s first new oil pipeline in decades starts operating"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em><small>This December 9, 2021, image courtesy of Trans Mountain Corporation shows winter pipeline construction work in Valemount, British Columbia, Canada. The first major new pipeline to be built in Canada in decades is set to open on May 1 &#8211; Copyright Getty Images North America\/AFP DAVID MCNEW<\/small><\/em><\/p>\n<p><em>Genevi\u00e8ve NORMAND, with Michel COMTE in Ottawa<\/em><\/p>\n<p>The first major new oil pipeline to be built in Canada in decades is set to open on Wednesday, praised by proponents but panned by environmentalists worried about the consequences of more crude production.<\/p>\n<p>The Can$34-billion (US$25 billion) Trans Mountain pipeline expansion project was a troubled private sector plan taken over by Prime Minister Justin Trudeau\u2019s government in 2018 to ensure it went ahead. It will carry 600,000 additional barrels per day of oil from Alberta to Canada\u2019s Pacific coast for shipping overseas.<\/p>\n<p>Built alongside an existing 1,150-kilometer (715-mile) line erected in 1953 that already moves about 300,000 barrels of oil per day, it was meant to increase market access for the world\u2019s fourth largest oil exporter and get a better return for Canadian crude.<\/p>\n<p>But along the way it faced regulatory delays, cost overruns, legal challenges and protests by environmental and some Indigenous groups.<\/p>\n<p>On the eve of its opening, University of British Columbia professor George Hoberg said it represents \u201ca big win for Alberta but a huge loss for environmentalists concerned about the climate crisis and possible spills\u201d from the pipeline itself or tankers navigating Canadian waters \u2014 with devastating consequences for wildlife including endangered orcas, or killer whales.<\/p>\n<p>It also risked delivering \u201ca really big blow\u201d to the Trudeau government\u2019s attempts at reconciliation with First Nations who went to court to try to block it but lost, he told AFP.<\/p>\n<p>\u2013 Contrary to energy transition \u2013<\/p>\n<p>Canada ranks among the world\u2019s largest per capita emitters of greenhouse gases. According to the latest government data, emissions rose 13.9 percent to 670 megatonnes per year from 1990 to 2021.<\/p>\n<p>And due to its location, Canada is warming faster than the rest of the planet. This has led to devastating droughts and wildfires that last year scorched more than 15 million hectares of forests.<\/p>\n<p>University of Moncton environmental studies professor Jean-Philippe Sapinski said the Trans Mountain pipeline expansion project \u201cis completely contradictory\u201d with Ottawa\u2019s stated commitment to cut greenhouse gas emissions by up to 45 percent by 2030.<\/p>\n<p>\u201cIf we look at a real ecological transition, if we do something concrete to counter the climate crisis, it is completely useless. It is even counterproductive,\u201d he said.<\/p>\n<p>Pierre-Olivier Pineau, an HEC Montreal professor specializing in energy policies, said he agrees.<\/p>\n<p>\u201cIt is not through pipelines that we\u2019ll make an energy transition\u201d away from fossil fuels, he told AFP.<\/p>\n<p>\u2013 Cost overruns \u2013<\/p>\n<p>To salvage what was then a troubled project, Ottawa nationalized the pipeline, paying Can$4.5 billion to buy it from Kinder Morgan in 2018.<\/p>\n<p>Ottawa intended to offload the conduit once construction was completed, but the costs \u2014 estimated in 2017 at Can$7.4 billion \u2014 have ballooned, increasing to Can$34 billion.<\/p>\n<p>Parliament\u2019s budget officer estimated in 2022 that the project had become a \u201cnet loss\u201d for Canada.<\/p>\n<p>But Deputy Prime Minister Chrystia Freeland insisted this \u201cgreat national project\u201d will add a quarter of a percentage point to Canada\u2019s gross domestic product\u00a0in the second quarter.<\/p>\n<p>\u201cIt\u2019s good for the Canadian economy and for Canadian oil producers,\u201d concluded Pineau.<\/p>\n<p>Until now, almost all Canadian oil has been sold to the United States at a discount, mainly because of a lack of pipeline capacity and other infrastructure to ship landlocked Alberta province\u2019s growing output.<\/p>\n<p>Opening new markets in Asia will increase competition, leading to improved prices for Canadian crude. However, its impact will not be large enough to upend the current geopolitical balance or overseas dominance of Russia and producers in the Middle East, Pineau said.<\/p>\n<\/p><\/div>\n<p> Canada&#8217;s first new oil pipeline in decades starts operating<br \/>\n<br \/>#Canadas #oil #pipeline #decades #starts #operating<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This December 9, 2021, image courtesy of Trans Mountain Corporation shows winter pipeline construction work&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[3377,1690,2199,3380,3378,3379],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canada&#039;s first new oil pipeline in decades starts operating - International Pulse<\/title>\n<meta name=\"robots\" content=\"index, follow, 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