Future of Trans Mountain pipeline expansion as long-awaited project opens

Рет қаралды 7,696

17 күн бұрын

After much controversy, years of delays, and being billions of dollars overbudget, oil is finally flowing through the Trans Mountain pipeline expansion.
It means more Canadian crude oil is now being shipped from Alberta to B.C.’s coast, nearly tripling its flow of oil and expanding access to lucrative global markets beyond the U.S.
But while the new pipeline may be pumping, Ottawa’s intention to divest raises questions about how long the infrastructure will be profitable as the world works to transition away from fossil fuels.
Heather Yourex-West explains what Canadians are getting from the investment and what might be in its future.
For more info, please go to globalnews.ca/news/10461907/t...
Subscribe to Global News Channel HERE: bit.ly/20fcXDc
Like Global News on Facebook HERE: bit.ly/255GMJQ
Follow Global News on Twitter HERE: bit.ly/1Toz8mt
Follow Global News on Instagram HERE: bit.ly/2QZaZIB
#GlobalNews #TransMountain #Pipeline

Пікірлер: 99

@hexxlaxx2992 14 күн бұрын

We need pipelines from coast to coast.

@garyhaggquist740 3 күн бұрын

Nah, we're in a climate crisis - that would be a crime against the futures of all children.

@loganholmberg2295 14 күн бұрын

oil will always be profitable. we use it for too many things.

@ScottPomroy494 14 күн бұрын

And the Energy East pipeline?

@CarlingOV 14 күн бұрын

there should be an energy east pipeline bringing cheap, clean, efficient Canadian natural gas to the east coast

@abatos1146 15 күн бұрын

Hopefully this will lead to a decrease in gas prices for Canadians.

@alancadieux2984 15 күн бұрын

Nope. The reason for those price hikes by the turd's taxes have nothing to do with this.

@HamidA-to8vy 15 күн бұрын

Unfortunately it might be the opposite, cause the Canadian oil will get more valuable, pricy , and refining capacity will stay the same

@vasilytanygin 15 күн бұрын

rising demand to decrease prices?

@alancadieux2984 15 күн бұрын

I replied to your comment, but since the channel operators deletes what they don't like, not much point.

@user-eo1vz9lt8g 15 күн бұрын

Hopefully this will lead to a decrease in gas prices for Canadians. ahhhh, that's funny, as if that will happen, nice thought though...

@user-uk4rw3pn8w 15 күн бұрын

The world will never transition from oil as long as its there

@nottellinnoone2074 15 күн бұрын

Yup. But there could be one thing...what if something synthetic or something similar created through technology ...then it's possible

@lmtada 14 күн бұрын

No it will. Oil, petroleum are finite products. Look at coal. 150 years ago. Coal was the power. Than Petroleum. What next. Something cheap, abundant and clean.

@gfutube1 14 күн бұрын

Federal incompetence wastes billions

@FactsAllowed 15 күн бұрын

$34 Billion. Let me loose on the Audit, I was watching some of the fiasco along the Coquihalla Highway, and the number of cranes lying idle for weeks.

@CarlingOV 14 күн бұрын

there are billions of stolen dollars in this project. Do an Audit, press charges and imprison the criminals

@lastChang 14 күн бұрын

As soon as the Canada 🇨🇦 Trans Mountain pipepine is open, China 🇨🇳 will hurriedly apply to buy Canadian fossil oil and gas for sure. Thanks, China for - building more and more *coal-fired power plants,* and - burning more and more *fossil fuel.*

@eekthecat9933 14 күн бұрын

They get cheap oil and gas from Russia already .

@josephsmith594 14 күн бұрын

China is building renewables faster than any country on the planet. Yes, they’re still using coal as well, but their progress moving away from fossil fuels is admirable. They’re welcome to buy Canadian oil if they’d like, but we’re pretty far away, there probably isn’t much interest in our dirty bitumen.

@AhmetTekin101 14 күн бұрын

@@josephsmith594China is producing those to dump on other country. That's the only reason. That's no excuse for its fossil and coal use.

@theowoytowich9959 14 күн бұрын

@@josephsmith594 You must be reading the Chinese communist propaganda China produces approximately 60 % of it electricity from coal with a total of 70 % from fossil fuels. Thee are opening new coal plants every week

@humbertsmith8864 15 күн бұрын

Trans Mountain? They have their own mountain now? That's going too far

@danieltaylor3396 14 күн бұрын

Don't forget the 7,800km TRANS Canada Highway.😁

@humbertsmith8864 14 күн бұрын

@@danieltaylor3396 well played

@chrisbeliveau6885 15 күн бұрын

What anout the CGL opening?

@wildandliving1925 14 күн бұрын

More oil to China... not like we pay low fuel prices

@Bugnetblue 13 күн бұрын

It is the same as iron ore from Quebec when the iron ore producers were first starting up because of high prices in China for construction steel. A test shipment of iron ore pellets was sent from Sept-Iles port in Quebec to US steel companies on the great lakes. The price per ton the US companies paid was 35 US dollars. Then iron ore was then sent to China and it sold for 135 US dollars per ton. We need more than one customer for our products. I am glad the Canadian government made the TMX happen. Canadians should benefit from Canadian products.

@darsharhef 12 күн бұрын

You mean, the iron ore stolen, from nfld and labrador.

@khmf1 15 күн бұрын

The old oil boys can’t seem to figure out hydrogen. It’s a shame. it’s been since 1999 since it’s been around

@winstonsmith935 11 күн бұрын

We have built a whole Oil Refining Plant for 12 billion.

@aaronvallejo8220 14 күн бұрын

Let's now build a new 10,000 MW transCanada transmission line to share electricity back and forth among our provinces🇨🇦 .

@rickvervoort9536 15 күн бұрын

The Trans Mountain pipeline expansion project has indeed faced significant cost overruns. Let’s delve into the details: Initial Estimates and Actual Costs: Initially, the project was estimated to cost around $5.4 billion. However, the actual cost escalated dramatically, reaching a staggering $30.9 billion. This sixfold increase highlights serious mismanagement and unforeseen expenses.

@MrJmpowers 14 күн бұрын

KMI sold the existing line 1 for 4.5B. That price was for the existing line and assets and did not include the cost associated to build the Line 2 expansion.

@LLitterally 14 күн бұрын

The prices of local crude rose because there was a lack of supply. Now there is 300% more going to PORT Vancouver and extra for Burnaby. Prices will rise. Alberta will profit and complain

@ricktbdgc 14 күн бұрын

Pipelines dont get built unless theres long term plans to use it, this is good for alberta

@LLitterally 14 күн бұрын

@@ricktbdgc >.65 per litre price difference Burnaby>Edmonton Pipeline won’t benefit anyone having the pipeline in their backyard

@commonsense82 14 күн бұрын

@@LLitterallyso you saying the govt mismanages revenues, I agree, they waste too much.

@patientzero291 14 күн бұрын

If you ask me, I want the Canadian government to own all the natural resources within the country and give contracts for extraction.

@HamidA-to8vy 15 күн бұрын

It was controversial decision or brave decision?

@carsonmetcalfe7635 15 күн бұрын

Lets see them make a business case for it when they sell the thing!

@garyevans718 14 күн бұрын

This should have been done many years ago but because of politics, protesters and first nations...... trying to build it turned into a nightmare. That's why Kinder Morgan wanted out, so instead of paying for a huge law suit the federal government bought it. Now the first nations wants to buy a piece of this pipeline using our tax dollars and then what would they do with it ? They wouldn't use it as ransom, no...they wouldn't do that.

@freebie808 14 күн бұрын

Yay

@lostmoose9994 14 күн бұрын

This means that our gas in BC goes up, yeah ! 👍

@chadking8973 14 күн бұрын

All i see is more work possibilities.. the rest will still be a increase in negative effects.

@philipclift7205 14 күн бұрын

We are all rich now.

@Buttercup312 14 күн бұрын

Hopefully we can move beyond serving our American masters...Canada HAS to move beyond the American market.

@billbalyx8799 14 күн бұрын

oil and gas will be required for at least another 50 years, probably another 100

@josephsmith594 14 күн бұрын

34 billion dollars of the federal deficit is this pipeline. Where are all the comments about “out of control government spending?” “Justinflation”? Crickets.

@plantbasedstrong2363 14 күн бұрын

Lol!! So they can ship it to China smart guy why do you think it directly links to Georgia straight? 😂 try harder

@josephsmith594 14 күн бұрын

@@plantbasedstrong2363 So you’re against this pipeline, against tripling our oil exports?

@NoGattsuNoGlory 15 күн бұрын

Carbon tax on every litre

@studinthemaking 7 күн бұрын

I guess even JT needs to please his Chinese overlords.

@cKirma 14 күн бұрын

Hopefully now they can shut down the old +70 year old pipeline that his has been built alongside. That's a ticking timebomb buried in the ground. Now that the federal government owns the line it will be the taxpayers paying for any accident that does and will happen eventually with the older line.

@eekthecat9933 14 күн бұрын

Quit fear mongering

@bc_life2374 14 күн бұрын

That's why they are building it

@cKirma 14 күн бұрын

@@eekthecat9933 speaking the truth

@cKirma 14 күн бұрын

@@bc_life2374 New line has been built. They should now tell us what their plan is for the old line.

@eekthecat9933 14 күн бұрын

@@cKirma biden shut down the new line his first day in office. Factor that ....

@emarydrilling 14 күн бұрын

increase our petroleum output while advocating we all use less .....Mr Prime Minister- "if you only had a brain" !

@Kevin-bp2cw 14 күн бұрын

I wonder if there is anyone Danielle Smith would like to thank ? ….. If I was Trudeau I'd be referencing Mohamed Ali with a few taunts of …"say my name , say my name " ha

@goblinkind123 14 күн бұрын

This won't do a thing for the Canadian people, except more taxes!!! Only the rich corporations will benefit!!!

@ArabicReja973 14 күн бұрын

The rest of the world is urgently cutting carbon emission, - China 🇨🇳 determines to accelerate its emission until 2030.

@eekthecat9933 14 күн бұрын

Lastchang you need to get better at this .

@wallacegrommet3479 14 күн бұрын

Ya, let’s sell to China, they have never done us wrong, unreal…

@Kennnny77 15 күн бұрын

Great... So now we gotta use the correct Mountain pronouns now... This is getting rediculous...

@lucmarchand617 14 күн бұрын

This is long overdue oil company in calgary are damm cheap pure simple.i push this with peter lougheed now money flow back to alberta is about time.OPEC now are piss off due iraq,india and rest start line up buy oil from canada due transit time save big dollars yes.😊