Climate·2h ago
Trans Mountain Strikes Tolls Deal With Oil Firms After Standoff
Last week, the Canada’s federal government and the province of Alberta announced Trans Mountain will lead efforts to build a third line with 1 million barrels a day of capacity largely running along its existing route. The capacity of Trans Mountain pipeline, a 1950s era conduit, tripled two years ago to 890,000 barrels a day through the addition of a second line. Since starting operation, the expanded Trans Mountain has opened up significant exports of Canadian crude to Asia for the first time, improved the price that oil producers receive for their crude and reduced Canada’s near total.
Financial Post
