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The CBC Reports:
Prime Minister Justin Trudeau and his cabinet colleagues signed off on two major pipelines today, projects that will pump nearly a million more barrels of oil a day from Alberta's oilsands to global markets, if they are constructed.
Ottawa gave the green light to Kinder Morgan's Trans Mountain pipeline and Enbridge's Line 3, while it rejected Northern Gateway.
Trudeau also announced that the government would ban crude oil tankers along B.C.'s North Coast, promising legislation in the new year to implement a moratorium.
[...] The Canadian Environmental Assessment Agency estimates that the new capacity will result in roughly 13.5 to 17 megatonnes of additional upstream greenhouse gas emissions each year.
Kinder-Morgan's Trans Mountain project is an expansion of an existing pipeline that runs between Edmonton, Alberta, and Burnaby (part of Greater Vancouver), British Columbia. The expansion will nearly triple the amount of product that can be shipped to just under 900,000 barrels/day.
Line 3 is a 1,660km pipeline that runs between Hardisty, Alberta and Superior, Wisconsin. The proposal by Enbridge is to replace the 34" pipeline with a 36" pipeline. Enbridge expects 760,000 barrels/day of light, medium and heavy crude to flow through the upgraded pipeline
(Score: 2) by dry on Thursday December 01 2016, @05:27AM
Most Canadians have very little idea of how equalization payments work, seeming to think that the Provincial Minister of Finance writes a check to Quebec or PEI, etc. It's actually that a Province like Alberta has lots of millionaires paying the highest rate in Federal income taxes and the Feds spending more in Quebec then in Alberta. Much like in the States some states such as California contribute more to their federal government and other states such as the central and southern ones take in more then they spend. We're just a bit more upfront that the rich get taxed to help the poor.
Alberta's fiscal problems mostly come from giving tax breaks instead of saving for a rainy day and also trying to do the fair tax thing where everyone pays the same 10% or whatever it is. Too many people figure if they have enough income to pay the bills, it means cutting back on income or increasing spending rather then putting some aside for the bad times that always seem to come around again.
As for the Kinder-Morgan pipeline, I'd feel a lot better about it if we (BC) benefited more, like getting some cheaper Canadian gas instead of being dependent on the Americans who have no problem shutting down their refineries all the time to drive the price up. $1.20 a litre in Vancouver and 1.05 here just outside of the GVRD for gas while the world price is at record lows and Kinder Morgan won't sell any oil to the refinery a mile away from the terminus of their pipeline.
This whole sell the raw product cheap rather then adding value stinks
(Score: 0) by Anonymous Coward on Thursday December 01 2016, @07:47PM
"like getting some cheaper Canadian gas instead of being dependent on the Americans who have no problem shutting down their refineries all the time to drive the price up."
the hell, you say! :)