Please note that CBC does not endorse the opinions expressed in comments. Former U.S. President Barack Obama rejected a key permit for Keystone XL in 2015, bringing the pipeline to a halt, but President Donald Trump revived the project by reversing that decision early in his term. It’s our job to regulate these pipelines and ensure that they’re safe. TC Energy is expected to immediately begin construction of the Alberta portion of the pipeline. Alberta pipeline videos and latest news articles; GlobalNews.ca your source for the latest news on Alberta pipeline . Majorities of Albertans and British Columbians are disappointed with the way the federal government has handled this issue. The Calgary-based pipeline giant said it will invest the remaining $2.7 billion. Alberta Premier Jason Kenney stands in front of construction materials for the Keystone XL pipeline in Oyen, Alta., on July 3, 2020. ", Kinder Morgan 'open to' Alberta investing in pipeline, CBC's Journalistic Standards and Practices. Her comments perhaps demonstrate just how badly the province needs the pipeline. Her government's path to balanced budgets is built on hopes for construction of three new pipelines, including Trans Mountain. … Breadcrumb Trail Links Politics Pipeline problems, united right: How the Alberta NDP lost the election Alberta NDP Leader Rachel Notley gives her concession speech at … In Alberta, Pembina Pipeline and Kuwait’s Petrochemical Industries Company (PIC) deferred one of the two biggest petrochemical companies not only in Alberta but also across Canada. Furthermore, he rejected the notion that the project had been unnecessarily harassed by B.C. He was there to mark the start of construction. The Final To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Keystone XL, which for years has faced court challenges and environmental opposition in the U.S., will get a $1.1 billion investment and a $4.2 billion loan guarantee from Alberta to help TC Energy Corp. build the line to the U.S. Gulf of Mexico. Notley has already said her government will refine and update existing legislation that gives Alberta the ability to limit oil and gas exports, indicating it could stem the flow to B.C. Figure 1: YTD oil and gas M&A deal value and volume The government of Alberta mandated production curtailment from January 1 to December 31 2019, indicating that a lack of sufficient pipeline and rail takeaway capacity, as well as sto… But in regards to the pipeline issue, he said on social media that "Canada is a country of the rule of law, and the federal government will act in the national interest. Approval from President Donald Trump years later came at a time when investing in the project was far from certain as the Canadian oil industry was cutting costs, competing output from U.S. shale fields abounded and hurdles at state levels emerged. “What’s being projected is … Before it's here, it's on the Bloomberg Terminal. We now process new pipeline applications using OneStop, our new automated application review technology. So with billions of dollars of development and political fortunes at risk, here are five things to know from Sunday's announcement on Trans Mountain. Once touted by Canada as a key step to turn the country into an energy superpower, the project counted celebrities like Mark Ruffalo and Daryl Hannah among foes who pressured the Obama administration to block it. Horgan is pursuing a reference case in the courts to determine if his government can control the shipment of oil through the province on environmental grounds. with a wine ban over Trans Mountain. The company announced it is suspending non-essential activities and related spending for the Trans Mountain pipeline expansion, casting a cloud over the future of the $7.4-billion project. Alberta officials have said the province, which currently produces 3.7 million barrels per day of raw crude and bitumen, is generating 190,000 barrels per day more than it has the ability to ship by pipeline or rail, and storage tanks The NDP says pipeline delays, including the Trans Mountain pipeline, are costing Canadians more than $80 million every day by keeping assets landlocked. The U.S. presidential election in November also could pose a threat to the project, with much of the Democratic party opposed to the pipeline. Premier John Horgan sounded much as he has throughout the Trans Mountain debate, stating the concerns his government has about protecting the environment and disagreeing with the notion that the pipeline is in the national interest.Â. The deferment occurred in March. To help get construction started, Trudeau bought the TransMountain pipeline in … Kinder Morgan has set the stage for two months of high drama. It is tar sands that we don’t need — that in fact is very, very high pollutant,” Joe Biden said in an interview on CNBC. if its leadership didn't change course. Vancouver, BC [November 10, 2020] – Just over half of British Columbians and practically three-in-four Albertans want to carry on with the expansion of the Trans Mountain pipeline, a new Research Co. poll has found. Those seem like big goals — and even the company acknowledges the time period is short. According to a … A projected 106 deals at a total value of $13B expected for 2019 would represent the lowest activity in oil and gas M&A in five years. Keystone XL already has 20-year agreements to transport 575,000 barrels of crude per day, and contracts for 115,000 barrels of capacity on the existing Keystone line will shift to the new facilities under renewed 20-year contracts once Keystone XL enters service, TC Energy said Tuesday. Another of the company’s pipelines in the U.S., the Line 5 that crosses the Great Lakes into Michigan, was dealt a blow last month when the state’s government took legal action to shut it … Inter Pipeline announces $1 billion spending plan December 11, 2020 TC Energy raises offer and reaches deal for TC PipeLines partnership December 15, 2020 Pembina plans $785M in capital spending for 2021, restarts work on Keystone XL, which for years has faced court challenges and environmental opposition in the U.S., will get a $1.1 billion investment and a $4.2 billion … "If we take that step, we will be a significantly more determined investor," Notley told reporters. "This pipeline will be built.". OneStop is a part of our Integrated Decision Approach, which is changing the way we review energy projects in Alberta. In Calgary, Tony has reported on the energy sector and federal politics. Alberta Pipeline Map. The project is slated to create 1,400 direct jobs as well as 5,400 indirect jobs. The expansion would create a twinned pipeline that would increase the nominal capacity of the system from 300,000 barrels per day to 890,000 barrels per day. Kinder Morgan has set the stage for two months of high drama. The Alberta government has discharged an “ongoing lost-income counter” with expectations of making it obvious exactly the amount Canadians are losing because of pipeline delays. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. While elected indigenous officials from communities along the route of the proposed Coastal GasLink pipeline have signed benefit agreements with TransCanada, five … Notley is now calling on the government to go from using "carrots" to maybe a "stick" to get the pipeline to move ahead.Â. TransCanada Corp. hoped to finish construction of the crude oil pipeline Keystone XL by 2021 but is facing delays from the United States; it would carry oil from Alberta to Nebraska. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Have a confidential tip for our reporters? But even one of Notley's fiercest critics, Alberta United Conservative Party Leader Jason Kenney, backed the idea. and adequate protection of its shareholders. The major problem is the chronic lack of pipeline capacity in Canada that would enable shipments to markets south, east and west of our borders. Interior Department in January authorized construction across a swath of federal land in Montana, and TC Energy had announced plans to move ahead with pre-construction work on the line this year. In Ottawa, Alberta has put up a counter that tracks the damage done to the Canadian economy since work on the pipeline was halted in August,” the email said. “Strong commercial and financial support positions us to prudently build and fund the project,” TC Energy Chief Executive Officer Russ Girling said in a statement. Moody’s rates TC’s debt Baa2, the second-lowest investment grade. "I profoundly believe in the rights of British Columbians to stand up and make sure that we're doing everything we can to protect the interests of our province," he said.Â. Comments are welcome while open. The project has gathered momentum in recent months. government. Premier Rachel Notley announced during her news conference on Sunday that the Alberta government was prepared to do whatever it takes to get the … "Â, However, what steps he's prepared to take still seem unclear.Â, Senior Producer Western Digital Business Unit. Article content Canada and Alberta will push to change American president-elect Joe Biden’s mind about halting the Keystone XL pipeline project. But on the issue of pipelines, Alberta and Trudeau have often found common ground. Meanwhile the anti-pipeline rhetoric has been unceasing. The world has been watching the federal government and the NDP governments in British Columbia and Alberta in dealing with the pipeline issue and the world is gobsmacked at the hypocrisy and spineless “decision-makers.” At present, the country is descending into public policy oblivion. Alex Pourbaix, CEO of Cenovus Energy, also called on the federal government to take "immediate, clear and decisive action" to ensure that the project does not suffer the same fate as the Energy East project. The federal government purchased the existing pipeline, along with the expansion project in May 2018 for $4.5B. He's written for newspapers and wire services for more than 25 years on three continents. The province’s benchmark crude is trading at a record low of $4.09 a barrel. M&A activity in oil and gas has been on a downward trend since 2016 (see Figure 1), with both volume and total deal value on the decline. Alberta wants Ottawa to push its constitutional jurisdiction over interprovincial pipelines, while B.C. I don't want any ultimatums. It has become a bit of a cliché in these days of Brexit and Donald Trump to say that the market hates political uncertainty — but it doesn't mean that it isn't true. In Alberta, anger and frustration has settled in. Box 500 Station A Toronto, ON Canada, M5W 1E6. On Sunday, B.C. Political risks could lead the project’s outright cancellation, the firm said. while it unifies Alberta. "My views on this have been consistent for the past year," said Horgan. "We believe the risk is too great and there is no evidence to indicate that that risk has been diminished.". The news quickly spurred the leaders of the Alberta, British Columbia and federal governments to issue statements of resolve, positioning themselves for a tense few weeks. In fact, oil and gas pipelines stretch more than 433 000 kilometres across the province. "Â, He also added once again that the pipeline expansion "will be built. That "whatever" might mean Alberta becoming an investor in the pipeline. World’s Biggest Crane Lifts Huge Steel Ring at U.K. Nuclear Site, GM’s $27 Billion Electric Bet Begins With Bad-Boy Hummer Truck, Shell Fights Charge That Its Climate Stance Harms Human Rights, The Real Trees Behind Fake Corporate Climate Progress. PlayStation 5 Scalpers Use Bots to Hunt Down Scarce Consoles, Bitcoin Surpasses $21,000 for First Time Amid Dizzying Rally, Vaccine Rollout Hits First U.S. Snags With Delays, Allergic Case, Facebook Attacks Apple Software Changes in Newspaper Ads, GameStop Employees Surprised by New Shipment of PS5, Xbox. Audience Relations, CBC P.O. Comments on this story are moderated according to our Submission Guidelines. Alberta’s oil and gas industry has had a very, very rough year. The Trans Mountain Pipeline System, or simply the Trans Mountain Pipeline, is a pipeline that carries crude and refined oil from Alberta to the coast of British Columbia, Canada. and its legal challenges to it. The governments of Alberta and British Columbia are waging an intense trade dispute over the proposed Trans Mountain pipeline expansion, which would run between Edmonton and Burnaby. The U.S. What Kean wants is agreements by May 31 that remove any undue risk. A shortage of pipeline capacity in the landlocked Canadian province has weighed on local crude prices and restrained producers’ ability to increase output long before the recent oil market collapse. TC Energy, previously known as TransCanada, rose 6.3% to C$61.94 at 12:22 p.m. in Toronto. "I believe the government of Alberta must be prepared, along with the federal government, to step up and provide financial certainty to the investors of Kinder Morgan," said Kenney. He is wrong."Â. We reserve the right to close comments at any time. She said the Alberta government is bringing forward legislation in the coming days that would give it the power to impose "serious economic consequences on B.C." Plans to expand the pipeline linking Alberta’s landlocked oil sands with British Columbia have divided provinces and exposed a rift in Indigenous communities. Tony Seskus is senior producer with CBC's Western Business unit in Calgary. Opponents of the pipeline must also feel victory within their grasp.Â. North America’s most infamous oil pipeline project just got a surprise $5.3 billion financial aid package from Alberta as the Canadian province fights to rescue its battered oil-sands industry. “The negative outlook reflects the very high level of execution risk related to the environmental, social and governance factors associated with the Keystone XL pipeline project,” Gavin McFarlane, a Moody’s vice president and senior credit officer, said in a note. Among obstacles still facing TC Energy before Keystone XL can be completed, environmental organizations and indigenous groups are challenging the project in U.S. District Court in Montana. When Keystone XL enters service in 2023, the 1,200-mile (1,900-kilometer) conduit will help carry 830,000 barrels of crude a day -- more than last month’s daily production from OPEC member Venezuela. Kenney said Alberta would plan to sell its shares to TC at a profit after the project is completed and estimated that Keystone XL would help provide C$30 billion in tax and royalty revenues for the province over the next 20 years. I don't want any threats. The details of the feud, to date, have been well-documented. Find directions between facilities using pipelines. Asked if Alberta might proceed with another wine ban or something else in the coming days, Notley would only say there are other tools the government is looking at. Pseudonyms will no longer be permitted. TC Energy commits to moving ahead with long-delayed project, Alberta investing $1.1 billion, backing $4.2 billion loan, Photographer: Andrew Burton/Getty Images North America, Explore dynamic updates of the earth’s key data points. Biden again vows to shutdown KXL pipeline calling Alberta oil ‘tar sands’ “I’ve been against Keystone from the beginning. That's a big question and there's a lot riding on the answer, whether you're a pipeline supporter or opponent. Simply put, he wants "clarity on the path forward," particularly the ability to construct through B.C. It is a priority for CBC to create a website that is accessible to all Canadians including people with visual, hearing, motor and cognitive challenges. Now, the premier is warning of more. Trans Mountain is expanding its current 1,150 km pipeline between Strathcona County, Alberta and Burnaby, BC. In the distance, across the prairie, there are glimmers of light […] Trudeau was met by pro-pipeline protesters during a recent visit to the province. It seems Kinder Morgan's biggest concern with the Trans Mountain pipeline is the political risk posed by B.C. It said it would still try to get agreements that would see the project advance, but would need to do so by May 31 or "it is difficult to conceive of any scenario in which we would proceed.". "While we are prepared to accept the many risks traditionally presented by large construction projects, extraordinary political risks that are completely outside of our control and that could prevent completion of the project are risks to which we simply cannot expose our shareholders," Steve Kean, CEO of Kinder Morgan Canada, said in a statement. The proposed Trans Mountain pipeline has divided Western Canada, inspiring passionate views and elevating tensions between British Columbia and Alberta. The move to start construction now, when the crude market has crashed and the project still faces roadblocks in the U.S., shows how critical the fight for the oil industry’s survival has become in Alberta, home to the world’s third-largest crude reserves. The Covid-19 pandemic and a battle for market share between Saudi Arabia and Russia have further darkened the outlook. Trudeau is planning to get Rachel Notley and John Horgan in a room together to work things out — but it's obvious which side he's on, as pipeline politics heat up. One of many protests against Keystone XL in Washington, on Oct. 7, 2011. “This investment in Keystone XL is a bold move to re-take control of our province’s economic destiny,” Alberta Premier Jason Kenney said in a statement. said the impact of a spill on the coastline is within its purview. Trudeau was in Saskatchewan on Sunday for a vigil for the Humboldt Broncos following Friday's fatal bus crash. The shares had dropped 16% this year through Monday amid a broader meltdown in global equity markets. "I don't want to do that in a provocative way. Moody’s Investors Service changed the credit outlook for TC to negative from stable on Tuesday, citing the added risks of building Keystone XL. Steve Lafleur and Ashley Stedman are analysts at the Fraser Institute. The credit rating firm said the project’s construction could be disrupted by “demonstrations and civil unrest” as well as ongoing legal and regulatory challenges. … Premier Rachel Notley announced during her news conference on Sunday that the Alberta government was prepared to do whatever it takes to get the pipeline built.Â. Alberta has suffered an economic downturn for years, resulting in high unemployment. Every day in Alberta, a complex network of pipelines operates right under our feet, moving oil and gas to markets at home and beyond. "If the rule of law is not upheld and this project is allowed to fail, it will have a chilling effect on investment not just in British Columbia, but across the whole country," he said in a statement. Find Directions between facilities using pipelines. Notley once hit B.C. 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