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Canada’s Trans Mountain Pipeline Starts Operations After 12 Years and $25 Billion

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Canada's Trans Mountain Pipeline
Trans Mountain pipeline: Getty Images

After 12 years and C$34 billion ($25 billion), Canada’s Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets for the country’s producers.

Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX will nearly triple the flow of crude from landlocked Alberta to Canada’s Pacific coast to 890,000 barrels per day (bpd).

For Canada, the world’s fourth-biggest oil producer, the additional pipeline capacity is set to boost crude prices, lift national gross domestic product and expand access to Asian oil markets.

Both TMX and the existing pipeline are now able to transport crude oil and the company has the ability to load cargoes from all three berths, Trans Mountain said in a press release, adding that 70% of the expanded pipeline is full by volume.

“Everyone has been waiting for this for literally years,” said Rory Johnston, founder of the Commodity Context newsletter. “It’s a fantastic thing for Canada and the Alberta oil patch.”

The expanded pipeline was first proposed by Kinder Morgan in 2012. The Canadian government bought it in 2018 to ensure the project got built despite opposition, but construction has been marred by regulatory delays and costs soaring to more than four times the project’s original budget.

“It is increasingly difficult to build pipelines in this country and it wouldn’t surprise me if this was the last pipeline,” Jon McKenzie, CEO of oil, said on an earnings call. The Canada Energy Regulator (CER) granted the final permits for the expansion project on Tuesday, clearing the way for the pipeline to start operating.

Trans Mountain Pipeline will boost Canada’s oil export capacity

Trans Mountain Corp said May 1 marks the commercial commencement date for the project, and tankers will be able to load at Westridge Marine Terminal in the Port of Vancouver by mid-May.

TMX will substantially boost Canada’s oil export capacity and could help shrink the discount on benchmark Canadian heavy crude, currently around $13.50 a barrel below U.S. crude, to less than $10 a barrel, analysts at RBC Capital Markets said in a note to clients.

Asian buyers are already showing interest.Reliance Industries bought 2 million barrels of Canadian crude from Shell for July delivery, marking the Indian refiner’s first oil purchase from TMX, Reuters reported.

For Ottawa, the project’s completion comes as a relief. Prime Minister Justin Trudeau’s Liberal government was slammed by environmental campaigners for buying the pipeline in the first place, and has drawn sharp criticism during construction for spiralling costs.

Green groups worry about the pipeline’s potential to leak in pristine areas and its expansion of carbon-intensive oil sands crude. Climate activists warn increasing oil and gas production risks hamstringing Canada’s efforts to cut carbon emissions.

“Trudeau made the decision to purchase this gift for the fossil fuel industry, but it’s these communities and ecosystems that will pay the price when the Trans Mountain pipeline inevitably spills,” said Peter McCartney, climate campaigner at the Wilderness Committee environmental group.

Canadian oil production

The federal government wants to sell at least part of Trans Mountain to Indigenous groups, but is expected to have to take a major haircut on its investment.

“The Trans Mountain Expansion Project will ensure Canada receives fair market value for our resources while maintaining the highest environmental standards,” said Katherine Cuplinskas, press secretary to Deputy Prime Minister Chrystia Freeland.

“The federal government will launch a divestment process in due course.”

Canadian oil production is forecast to hit a record high of around 5.3 million bpd this year, according to TD Securities, as producers ramp up output in anticipation of TMX’s new capacity.

Two traders in Calgary said oil inventories in Alberta are brimming at record levels of 42 million barrels, but expected to draw down reasonably quickly once the expanded pipeline starts flowing.

“The completion of TMX is monumental for Alberta, since this will significantly increase our province’s output,” Alberta premier Danielle Smith said in a statement on Tuesday.

Conservative premier Smith is a frequent critic of Trudeau’s Liberals but thanked the federal government for seeing the project through, and said stronger Canadian crude prices would result in many millions of dollars extra in government revenues.

Source: Reuters

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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Canada Fisheries Officers Seize Elvers Worth $500K at Toronto Airport

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Canada Fisheries Officers Seize Elvers
The seized elvers are worth between $400,000 and $500,000: CTV News

Fisheries and Oceans Canada (DFO) officers and Canada Border Services Agency (CBSA) officers seized roughly 109 kg of unlawful elvers at Toronto Pearson International Airport. The elvers were scheduled to be transferred overseas.

The seized elvers are worth between $400,000 and $500,000.

An investigation into this matter for violations of the Fisheries Act is currently underway.

“The magnitude of this elver seizure is an important development,” said Diane Lebouthillier, Minister of Fisheries, Oceans, and the Canadian Coast Guard, in a statement. “It reflects not only the work of Fisheries and Oceans Canada, but also the collaborative efforts of many other government agencies and departments.

“Once again, our message is crystal clear: do not travel to Nova Scotia to illegally fish or export elvers this year, enforcement officers will be waiting for you.”

This seizure was the product of a coordinated operation combining officials from the DFO’s Conservation & Protection Directorate and the National Fisheries Intelligence Service, as well as the CBSA Commercial Operations District and intelligence teams.

The federal government banned the lucrative elver fishery on March 11 following violence and intimidation during last year’s fishing season in Nova Scotia and New Brunswick.

Elvers are often flown to Asia and grown to maturity before being sold for food, with mature eels utilized in unagi dishes at sushi restaurants.

The baby eels are valued approximately $5,000 per kilogram, more than lobsters, scallops, or salmon, making them the most valuable fish by weight in Canada.

The DFO announced in March that no elver fishing would take place this year due to safety and conservation concerns. So far, cops have made 149 arrests and seized around 207.7 kg of elvers.

According to federal data, 149 people have been arrested for elver-related crimes this year, with approximately 208 kilos recovered.

Elvers, the fascinating baby eels

Elvers, the fascinating baby eels

Elvers are tiny, transparent young eels that migrate from the ocean into freshwater rivers and streams. These little snake-like organisms make an astonishing journey, swimming thousands of miles to their destination. Elvers perform an important role in the life cycle of eels, eventually maturing into the adult eels we know.

Their migration is a spectacular natural spectacle. Elvers crawl in large groups upstream, overcoming barriers such as waterfalls and dams. Once in freshwater, they will mature for years before returning to the sea to breed and repeat the cycle. Elvers face numerous dangers, including habitat loss and over fishing, making conservation efforts critical for these extraordinary migratory.

 

 

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CNN Pay Tribute to Alice Stewart: A Very Special Woman Dead at 58

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Alice Stewart

Alice Stewart, a longtime political strategist and CNN political pundit who worked on multiple Republican presidential campaigns, has died. She was 58. CNN anchor Wolf Blitzer joins Jessica Dean to reflect on Stewart as a friend and coworker.

According to law enforcement officials, Stewart’s body was discovered outside in the Belle View community of northern Virginia early Saturday morning. There is no indication of foul play, and officers assume a medical emergency occurred.

“Alice was a very dear friend and colleague to all of us at CNN,” CNN’s CEO Mark Thompson wrote in an email to employees Saturday. “A political veteran and Emmy Award-winning journalist who brought an exceptional spark to CNN’s coverage, known throughout our bureaus not only for her political acumen, but also for her unfailing kindness. Our emotions are heavy as we lament such a great loss.”

Alice Stewart was born March 11, 1966, in Atlanta.

Stewart began her career as a local reporter and producer in Georgia before relocating to Little Rock, Arkansas, to become a news anchor, she told Harvard International Review. She went on to work as the communications director for then-Arkansas Gov. Mike Huckabee before taking on a similar role for his presidential campaign in 2008.

She previously worked as the communications director for former Minnesota Rep. Michele Bachmann’s 2012 Republican presidential campaign, as well as former Pennsylvania Sen. Rick Santorum, a former CNN analyst. Stewart most recently served as the communications director for Texas Sen. Ted Cruz’s 2016 GOP campaign.

“Alice was wonderful, talented, and a dear friend,” Cruz wrote in a post on X. “She lived every day to the fullest, and she will be deeply missed.”

CNN hired Stewart as a political pundit ahead of the 2016 election, and she appeared on “The Situation Room with Wolf Blitzer” as recently as Friday to provide insight on the day’s political headlines.

“We always invited her to come on my show because we knew we would be a little bit smarter at the end of that conversation,” Blitzer stated to Jessica Dean on “CNN Newsroom.” “She helped our viewers better appreciate what was going on and that’s why we will miss her so much.”

Alice Stewart: A Very Special Woman Dead at 58

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Diddy Won’t Be Prosecuted Over Cassie Ventura Hotel Video

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Diddy Won’t Be Prosecuted Over Cassie Ventura Hotel Video
Sean “Diddy” Combs won’t be prosecuted over a 2016 video: Image Fox News

According to the Los Angeles County District Attorney’s Office, Sean “Diddy” Combs will not face charges in connection with a 2016 video that appears to show him abusing then-girlfriend Cassie Ventura in a hotel.

“We find the images extremely disturbing and difficult to watch,” the office of Los Angeles District Attorney George Gascón posted on Instagram Friday (May 17). “If the conduct depicted occurred in 2016, unfortunately we would be unable to charge as the conduct would have occurred beyond the timeline where a crime of assault can be prosecuted.”

Combs appears to push Ventura to the ground near an elevator bank, kick her multiple times while she is on the ground, and pull her down a hallway in the footage, which CNN received on March 5, 2016.

According to the statement, law enforcement has not presented the Los Angeles County District Attorney’s office with “a case related to the attack depicted in the video against Mr. Combs, but we encourage anyone who has been a victim or witness to a crime to report it to law enforcement or reach out to our office for support from our Bureau of Victims Services.”

The video’s contents resemble an assault complaint Ventura made in a now-settled lawsuit against Diddy in November, in which she also claimed one incidence of rape and another of Combs forcing her to have sex with male sex workers while he masturbated.

“The gut-wrenching video has only confirmed Mr. Combs’ disturbing and predatory behavior,” said Ventura’s attorney, Douglas Wigdor, in a statement to Billboard. “Words cannot express the courage and fortitude that Ms. Ventura has shown in coming forward to bring this to light.”

Ventura and Combs had an on-and-off romance for 11 years until splitting in 2018. In the lawsuit, she claimed she met Combs in 2005, when she was 19 and he was 37. After signing with his Bad Boy Records company, Ventura alleged that Combs “lured” her into a sexual relationship in which he “asserted complete control” over her life.

Combs has faced four further sexual misconduct complaints after Ventura filed hers late last year. The entrepreneur resigned as chairman of his digital media business Revolt in November, and he reportedly sold his interest in the company in March. Also in March, federal officials raided Combs’ houses in Los Angeles and Miami “in connection” with a federal sex trafficking probe, CNN reported.

Combs has flatly denied all allegations of sexual assault leveled against him. “Let me be absolutely clear: I did not do any of the awful things being alleged,” he declared in a statement shared on social media on December 6. “I will fight for my name, my family and for the truth.”

Diddy

Sean “Diddy” Combs

Sean “Diddy” Combs is a multi-talented mogul who has made his mark in music, fashion, and business. Born in Harlem, he began his career as a talent director at Uptown Records. Combs later created his own label, Bad Boy Records, which launched the careers of musicians such as The Notorious B.I.G. and Mary J. Blige.

His debut album, “No Way Out,” achieved multi-platinum success, cementing his reputation as a rapper and producer. Diddy expanded his business interests, launching the apparel line Sean John and investing in beverage businesses such as Ciroc and DeLeon. With an estimated net worth of $900 million, he is one of hip-hop’s wealthiest individuals.

Combs is a presence in Hollywood, appearing in films and television series while also influencing music and society. His commercial savvy, paired with his musical talents, have elevated him to the status of rap icon.

Source: Billboard

 

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