Trans Mountain Pipeline

IEEFA Research

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

More News and Commentary

Trans Mountain pipeline costs are adding up for Canadian government

National Observer: The Trans Mountain oil pipeline is costing a Canadian Crown corporation some staggering interest expenses that cast doubt on strong revenues from the infrastructure touted in the federal government’s recent economic update. The interest expenses were $20 million over a single month in September, right after Prime Minister Justin Trudeau’s government purchased the […]

December 10, 2018 Read More →

IEEFA U.S.: ExxonMobil goes back large into risky Canadian oil sands

Two years after writing down its reserves, XOM subsidiary Imperial invests again

ExxonMobil’s (“XOM”) Canadian subsidiary Imperial Oil has announced its intention to invest C$2.6 billion[1] in the Aspen mines, an oil sands project in Alberta, Canada. This is big news. In February 2017, the company formally de-booked 4.6 billion barrels of reserves in the Canadian oil sands, 19% of XOM’s worldwide reserves. The Aspen announcement was […]

November 29, 2018 Read More →

Opponents blast new Trans Mountain review, warn of more legal fights

Calgary Herald: The National Energy Board is repeating its mistakes with a new review of the Trans Mountain pipeline expansion, laying the groundwork for another court challenge, say First Nations, environmental advocates and politicians in British Columbia. The new review of the project’s impacts on the marine environment is too rushed and limited and the […]

October 24, 2018 Read More →

Berman: Trans Mountain an economic, environmental mistake

The Star – Edmonton: Controversial environmental activist and professor Tzeporah Berman and Premier Rachel Notley went toe to toe over pipelines and policy at an Alberta Teachers’ Association conference on Saturday. Berman, a York University professor who previously served on the Alberta’s government’s Alberta’s Oil Sands Advisory Group and drew controversy for her staunch anti-pipeline […]

October 15, 2018 Read More →

Canada to try again on Trans Mountain project

Reuters: Canada will not appeal a court ruling that overturned its approval of an oil pipeline expansion project, opting instead for more consultations with aboriginal groups unhappy about the plan, a top official said on Wednesday. The problem-plagued bid to almost treble the capacity of the Trans Mountain pipeline is becoming one of the biggest […]

October 8, 2018 Read More →

Canada to try again on Trans Mountain project

Reuters: Canada will not appeal a court ruling that overturned its approval of an oil pipeline expansion project, opting instead for more consultations with aboriginal groups unhappy about the plan, a top official said on Wednesday. The problem-plagued bid to almost treble the capacity of the Trans Mountain pipeline is becoming one of the biggest […]

October 4, 2018 Read More →

Canadian court deals major blow to Trans Mountain Pipeline

Reuters: A Canadian court on Thursday overturned approval of the Trans Mountain oil pipeline expansion, ruling that Ottawa failed to adequately consider aboriginal concerns, in a blow to Prime Minister Justin Trudeau’s efforts to balance environmental and economic issues. Trudeau’s government agreed in May to buy the pipeline from Kinder Morgan Canada Ltd for C$4.5 […]

August 31, 2018 Read More →

Resistance growing to Canada’s planned purchase of Kinder Morgan pipeline

247WallStreet.com: Canadian resistance to buying the Trans Mountain pipeline system Kinder Morgan Inc. subsidiary Kinder Morgan Canada is increasing, and with it so is short interest in Kinder Morgan. Short sellers added 12.5 million shares to their positions in the two-week reporting period ended July 31, and 2.4% of Kinder Morgan shares were short. Environmental […]

August 13, 2018 Read More →

Kinder Morgan filings have Trans Mountain Pipeline costing Canadian government an additional $1.5 billion

Canadian Press service: Kinder Morgan Canada documents say expanding the Trans Mountain pipeline could cost the federal government an additional $1.9 billion (US$1.5 billion) beyond the company’s original construction estimate, and will take another year to complete. The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange […]

August 8, 2018 Read More →
IEEFA update: U.S.-Canada trade tensions could scuttle Kinder Morgan sale of Trans Mountain Pipeline
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IEEFA update: U.S.-Canada trade tensions could scuttle Kinder Morgan sale of Trans Mountain Pipeline

Political hurdles remain on government’s buyout of faltering project

The fate of the unfinished Trans Mountain Pipeline in western Canada may be determined 3,000 miles away — in Washington. The stalled project, designed to link oil-sands fields in Alberta with West Coast ports, would become nationalized under the terms of a deal announced in June that would have the Canadian government buy the pipeline […]