by Daniel J. Graeber
Washington (UPI) Nov 7, 2017
Support for the expansion of the Trans Mountain pipeline from Alberta to British Columbia is support for the economy, the premier of oil-rich Alberta said.
Alberta Premier Rachel Notley is touring the country in support of pipeline company Kinder Morgan's multibillion dollar expansion project, heading first to Toronto before taking her message to Vancouver.
Canada is the fourth largest producer of oil and natural gas liquid in the world, but export capacity is constricted because pipeline capacity hasn't kept pace with production. Nearly all of Canada's oil exports head to the United States.
The country's National Energy Board approved of Kinder Morgan's plans to triple the capacity of the network to around 890,000 barrels of oil per day in late 2016, though vetting is still under way for some aspects. The project is part of a national effort to tap into markets outside North America.
Notley's office said the expansion project would create more than 50,000 new construction and operational jobs each year, but continues to face stiff opposition, especially in western Canada.
"Pipelines are just as critical for jobs and economies across the country as they are for Alberta, and to stifle the oil and gas industry would be economically negligent," she said in a statement.
The regulatory National Energy Board in early September said it was satisfied with the environmental plans outlined by Kinder Morgan to expand a port in British Columbia to handle the new volumes from Trans Mountain.
The project, however, continues to face stiff opposition from western Canadian leaders and members of the aboriginal community. When Kinder Morgan cleared project hurdles in late 2016, Vancouver Mayor Gregor Robertson said it was a "big step backward" for the environment and the economy. Last month, he said Vancouver was on pace to become powered entirely by renewable energy by 2050.
Alberta's economy, meanwhile, bottomed out in the middle of 2016 after it was hammered by the dual strains from lower crude oil prices and wildfires that swept through the heart of the provincial oil sector. With markets improving, its government expects growth in terms of gross domestic product for 2017 at 3.1 percent, up from the budget forecast of 2.65 percent.
Notley was on hand for a September ribbon-cutting ceremony to mark the start of a $1.6 billion (USD) expansion project led by Japan Canada Oil Sands Ltd. The project, one of the largest investments in Alberta in 40 years, is meant to improve oil production from the current rate of 1,000 barrels per day to 20,000 bpd by the middle of next year.
Riyadh (AFP) Nov 6, 2017
The Saudi-led coalition battling Shiite Huthi rebels in Yemen closed the country's air, sea and land borders Monday and accused Iran of being behind a weekend missile attack on Riyadh, saying it "may amount to an act of war". Saudi Arabia intercepted and destroyed the ballistic missile, which was launched from Yemen as rebels appeared to escalate hostilities, near Riyadh's international airp ... read more
All About Oil and Gas News at OilGasDaily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - 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. Privacy Statement|