Canada to buy major pipeline to ensure it gets built
Share
Tweet
May 30, 2018
TORONTO (AP) — Canada's federal government said Tuesday it is buying a controversial pipeline from the Alberta oil sands to the Pacific Coast to ensure it gets built.
Prime Minister Justin Trudeau's government plans to spend $4.5 billion Canadian (US$3.4 billion) to purchase Kinder Morgan's Trans Mountain pipeline.
The pipeline expansion would triple the capacity of an existing line to ship oil extracted from the oil sands in Alberta across the snow-capped peaks of the Canadian Rockies. It would end at a terminal outside Vancouver, resulting in a seven-fold increase in the number of tankers in...
For access to this article please
sign in or
subscribe.
Reader Comments(0)