• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
  • 8 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 8 mins Iran downs US drone. No military response . . Just Completely Destroy their Economy. Can Senator Kerry be tried for aiding enemy ?
  • 5 hours California and Oil
  • 8 mins The Inconvenient Truth Of Electric Cars
  • 3 hours The Plastics Problem
  • 54 mins Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 7 hours Win Against Tyranny: Turkey's Opposition Strikes Blow To Erdogan With Istanbul Mayoral Win
  • 6 hours Green vs. Coal: Bavaria Seeks Fast-Track German Coal Exit in Snub to Merkel Plan
  • 1 hour Hydrogen FTW... Some Day
  • 16 hours Solar Panels at 26 cents per watt
  • 39 mins NATO Article 5: Attack on one member is attack on all. Members all must come to defense . . . NOT facilitate financial transactions to circumvent and foil US Sanctions. Somebody please tell Angela.
  • 18 hours What's more Important Iran Nuke Deal or Strong China Trade Deal. Hypothetically, If China offered Trump North Korean and Iran deals in exchange for concessions on trade deal should he take it ?
  • 8 hours Here We Go: New York Lawmakers Pass Aggressive Law To Fight Climate Change
  • 21 hours Summit in Pyongyang: China's Xi Says World Hopes North Korea-U.S. Talks Can Succeed
  • 11 hours Fareed Zakaria: Canary in the Coal Mine (U.S. Dollar Hegemony)
How To Buy Gold For $3 An Ounce

How To Buy Gold For $3 An Ounce

Gold is once again gaining…

Global Oil Market Surprisingly Oversupplied

Global Oil Market Surprisingly Oversupplied

Despite OPEC oil production cuts…

BC Has No Power To Regulate Crude Flowing Through Trans Mountain

Trans Mountain pipeline

The Trans Mountain oil pipeline was handed a win on Friday when a British Columbia court ruled that the provincial government could not legally restrict crude oil flowing through it, according to the Court of Appeal for British Columbia website.

While Trans Mountain still faces an uphill battle in a climate that is cooling to crude pipelines, Friday’s win is good news for the project and good news for the Canadian government, who purchased the Trans Mountain pipeline last year when it became clear that Trans Mountain had stalled and needed a push. The push, in that the government purchased the project, proved insufficient to definitively move the project along.

Instead, the project has languished in pipeline purgatory as Canada’s federal government, BC, Alberta, indigenous groups, and environmentalists continue to wage war over the controversial project.

Trans Mountain is a crucial oil project for Canada and is expected to almost triple the amount of oil flowing from Alberta to the coast in British Columbia. Canada, which has struggled to get its oil to market thanks to takeaway capacity constraints, has seen the price of its benchmark, Western Canadian Select, trade at a steep discount to WTI, prompting mandatory production cuts to keep the prices higher.

Today’s ruling by the BC court definitely put the Trans Mountain pipeline under federal jurisdiction. In its judgement, the summary read:

“On a constitutional reference by the Province of British Columbia, the Court opined that it is not within the authority of the Legislature to enact a proposed amendment to the Environmental Management Act. The amendment was targeted legislation that in pith and substance relates to the regulation of an interprovincial (or “federal”) undertaking — the expanded interprovincial pipeline of Trans Mountain Pipeline ULC and Trans Mountain Pipeline L.P. which is intended to carry ‘heavy oil’ from Alberta to tidewater. The amendment thus lies beyond provincial jurisdiction.”

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News