Canada Secures BC Deal for 1-Million-Barrel Pacific Pipeline in Bet on Asian Markets Over US
New Delhi, July 3 -- the province that sits between Alberta's fields and the Pacific Ocean would not say yes to another pipeline. On Thursday, British Columbia said yes.
the ban on oil tankers off British Columbia's northern coast would remain permanently in place. Federal compensation for environmental risks associated with the southern pipeline, held in trust by the province and First Nations, was also committed.
The pipeline, to be built by the federally owned Trans Mountain Corporation in partnership with Calgary-based Pembina Pipeline, is designed to carry more than one million barrels per day to tankers bound for Asian markets. Alberta submitted its formal planning package to the federal Major Projects Office on Thursday, as Al Ja...
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