Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason - Canada's Pembina Pipeline Corp is not spending much time considering investment in the newly expanded Trans Mountain oil pipeline due to uncertainty around shipping tolls, a company executive said on Friday.
Calgary-based Pembina formed a partnership with an Indigenous organization, Western Indigenous Pipeline Group, in 2021 to pursue buying a stake in the Canadian government-owned pipeline, but in recent months has played down the idea of investing in the project."From our perspective, there still exists a tremendous amount of uncertainty around that asset," Cameron Goldade, Pembina's chief financial officer, said on an earnings call.
The pipeline's shippers argue tolls being charged to transport oil are too high, after construction costs ballooned to C$34 billion , more than four times the original budget.TMX will ship an extra 590,000 barrels per day of crude from Alberta's oil sands to Canada's west coast and increase access to markets in Asia and the U.S. west coast.It has been our privilege to have the trust and support of our East Coast communities for the last 200 years.
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