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Canada green lights major oil pipeline expansion project

PortandTerminal.com, June 19, 2019

The expansion will triple the existing pipeline’s carrying capacity to 890,000 barrels per day

Ottawa, Canada – Canada’s federal government has approved the long-stalled Trans Mountain pipeline expansion, citing the national importance of the project for Canadians.

Prime Minister Justin Trudeau said the multibillion-dollar project would create thousands of “solid middle-class jobs” and help fund a necessary shift from fossil fuels to cleaner energy in the fight against climate change, while the government begins to explore ways to share revenues from the project with Indigenous communities along its route.

Announcing the approval, Prime Minister Justin Trudeau said all government revenues from the project would go to Canada’s clean energy transition.

Canadian Prime Minister, Justin Trudeau

“To those who want sustainable energy and a cleaner environment, know that I want that, too,” said Trudeau. “But in order to bridge the gap between where we are and where we’re going, we need money to pay for it.”

The expansion would build a second pipeline stretching some 1,000 kilometres (600 miles), from just outside Edmonton to a marine terminal in Burnaby, B.C. It would almost triple the capacity of the existing pipeline, which the Canadian government bought for $4.5 billion from Kinder Morgan last year.

Drawing of oil terminal on Canada’s west coast planned to receive the pipeline’s oil

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