• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days Does Toyota Know Something That We Don’t?
  • 1 day America should go after China but it should be done in a wise way.
  • 7 days World could get rid of Putin and Russia but nobody is bold enough
  • 9 days China is using Chinese Names of Cities on their Border with Russia.
  • 10 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 11 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 10 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 9 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 10 days Putin and Xi Bet on the Global South
  • 10 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
Editorial Dept

Editorial Dept

More Info

Global Energy Advisory 18th August 2017

British Columbia’s government, in keeping with its election promise, has moved to stop the expansion of the Trans Mountain oil pipeline that would have catered to the growing production of crude oil from the oil sands in Alberta, transporting the crude to Canada’s west coast and opening up new export routes alongside its top client, the United States.

The federal government of Justin Trudeau approved the $5.87-billion project last year and the previous government of British Columbia gave it the green light in January, on 37 conditions on top of the 157 conditions from the National Energy Board. Now, the new government, which is a coalition between the New Democratic Party and the Greens, has declared its firm stance against it.

The project is being challenged in court on the grounds that the approvals granted Kinder Morgan for it were unconstitutional. A First Nation is suing the province for its approval specifically, and the new government will likely work with the plaintiffs to resolve the matter, seeing as both are on the same side.

Opposition against new pipeline projects has been growing both in Canada and the U.S., despite statistics showing that pipeline transportation is safer than the alternative – railways. Canada is soon to find itself in a tight spot unless new pipeline capacity comes on stream as oil sands output is growing at a rate that will soon exceed this capacity.

Deals, Mergers & Acquisitions

• Transocean…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News