Canada Guarantees Loans For Trans Mountain Pipeline Expansion ...Middle East

OILPRICE - Economy
Canada Guarantees Loans For Trans Mountain Pipeline Expansion
source : OILPRICE ( Middle East ) () 38
Canada’s federal government has guaranteed loans of $2.23 billion (C$3 billion) to the corporation building the Trans Mountain expansion project to triple the capacity of oil flows from Alberta to the Canadian Pacific Coast. The Trans Mountain Expansion project has been dragging on for years and faces environmental opposition and rising construction costs. Fierce opposition in British Columbia has forced Kinder Morgan to reconsider its commitment to expand the Trans Mountain pipeline, which would increase the daily capacity of the pipeline…

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