No private company proposing to build an oil pipeline to tidewater? 'There will be soon', Smith says
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Alberta Premier Danielle Smith has an answer for British Columbia's premier and other critics who have asserted there's 'no proponent' and no concrete proposal currently on the table to build an oil pipeline to tidewater in Canada: 'There will be soon.'
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'We're working very hard on being able to get industry players, private-sector players, to realize this time might be different and to be able to come forward,' she told delegates attending the Global Energy Show Canada in Calgary on Wednesday. 'If I'm successful in doing that, then we'll get it on the project list and we'll work through the two-year approval process and we'll see if we can get somewhere.'
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Smith said the aim is to get a new one-million-barrel-per-day crude pipeline to the Port of Prince Rupert on Prime Minister Mark Carney 's potential list of projects in the 'national interest.'
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The federal government has tabled Bill C-5, the so-called Building Canada Act, which sets out a streamlined federal regulatory process for major projects. Energy industry leaders and Western politicians say Carney and Minister of Energy Tim Hodgson have sent encouraging signals.
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But despite renewed public and political interest in constructing a new pipeline to carry crude to Canada's coasts for export to non-United States markets, no private company has emerged to express an interest in pursuing such a project.
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Midstream companies say they've faced overwhelming headwinds in trying to advance big projects in Canada in the past decade. Two west-to-east pipeline proposals, Enbridge Inc. 's Northern Gateway and TransCanada Corp.'s Energy East pipeline, were either cancelled or abandoned, and TC Energy Corp. also abandoned its Keystone XL pipeline project after twice being rejected by the U.S. government.
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But Smith laid out the case for why she thinks 'this time might be different' and why she believes a private proponent or a consortium of companies could be tempted back to the table:
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Since the Northern Gateway pipeline to B.C.'s northern coast was rejected by the Justin Trudeau government in 2016, two key developments have emerged that could help answer concerns raised about the risk of a new pipeline exacerbating greenhouse gas emissions from the oilsands and inadequate engagement with Indigenous peoples, Smith said.
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The Pathways Alliance, comprised of six major oilsands producers, pitched a large-scale carbon capture, utilization and storage (CCUS) network project in 2021, which, if built, would be the largest upstream carbon abatement project in the world, capturing up to 80 million tonnes of CO2 per year by 2050.
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Calgary Herald
2 hours ago
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Vancouver Sun
2 hours ago
- Vancouver Sun
Russia's deployment of nearly 700,000 troops signals long-term war plan, Ukraine warns
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Ottawa Citizen
2 hours ago
- Ottawa Citizen
Russia's deployment of nearly 700,000 troops signals long-term war plan, Ukraine warns
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