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

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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.
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Опубликовано:

30 апр 2024

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Комментарии : 108

@hexxlaxx2992 3 месяца назад

We need pipelines from coast to coast.

@garyhaggquist740 3 месяца назад

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

@jaygray7102 2 месяца назад

More like a coast to coast to coast rail service first. Not a bullet train, but something like 'sky trains' that will service smaller communities enroute. Pipelines to transport water, we can't survive without that.

@loganholmberg2295 3 месяца назад

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

@gfutube1 3 месяца назад

Federal incompetence wastes billions

@Buttercup312 3 месяца назад

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

@abatos1146 3 месяца назад

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

@alancadieux2984 3 месяца назад

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

@HamidA-to8vy 3 месяца назад

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

@vasilytanygin 3 месяца назад

rising demand to decrease prices?

@alancadieux2984 3 месяца назад

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

@user-eo1vz9lt8g 3 месяца назад

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

@MrBuddy-r8w 3 месяца назад

And the Energy East pipeline?

@CarlingOV 3 месяца назад

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

@jaygray7102 2 месяца назад

The one Quebec killed?

@MrBuddy-r8w 2 месяца назад

@@CarlingOV I agree, but you still need oil to manufacture the material, build and maintain that pipeline.

@MrBuddy-r8w 2 месяца назад

@@jaygray7102 Exactly

@Mike.715 2 месяца назад

We paid for the pipe line and instead of using the extra oil in BC and Canada to lower the price of gas we ship it overseas! Are you FU*KING KIDDING ME !!!!

@FactsAllowed 3 месяца назад

$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 3 месяца назад

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

@garyevans718 3 месяца назад

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.

@jaygray7102 2 месяца назад

the pipeline I remember Conservatives complaining bitterly about....because Trudeau approved it, not because they didn't want it. More money is being invested in Canada for Canadians. Conservatives sold part of Canada to China so they can dig their own oil, then they went a step further and gave them the right to sue Canada. They did it once, they'll do it again.

@khmf1 3 месяца назад

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

@humbertsmith8864 3 месяца назад

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

@danieltaylor3396 3 месяца назад

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

@humbertsmith8864 3 месяца назад

@@danieltaylor3396 well played

@user-uk4rw3pn8w 3 месяца назад

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

@nottellinnoone2074 3 месяца назад

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

@lmtada 3 месяца назад

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.

@Bugnetblue 3 месяца назад

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 3 месяца назад

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

@lastChang 3 месяца назад

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 3 месяца назад

They get cheap oil and gas from Russia already .

@josephsmith594 3 месяца назад

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 3 месяца назад

@@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 3 месяца назад

@@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

@rickvervoort9536 3 месяца назад

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 3 месяца назад

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.

@IXXVIIVIII 3 месяца назад

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 3 месяца назад

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

@IXXVIIVIII 3 месяца назад

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

@commonsense82 3 месяца назад

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

@YTYTYTY7 Месяц назад

34 billions for what? We can have free 1,000,000 EV's given away with that kind of money.

@wildandliving1925 3 месяца назад

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

@patientzero291 3 месяца назад

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

@goblinkind123 3 месяца назад

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

@winstonsmith935 3 месяца назад

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

@aaronvallejo8220 3 месяца назад

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

@josephsmith594 3 месяца назад

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

@josephsmith594 3 месяца назад

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

@Mike.715 2 месяца назад

Someone should go permanently remove it ……. 🧨

@cKirma 3 месяца назад

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 3 месяца назад

Quit fear mongering

@bc_life2374 3 месяца назад

That's why they are building it

@cKirma 3 месяца назад

@@eekthecat9933 speaking the truth

@cKirma 3 месяца назад

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

@eekthecat9933 3 месяца назад

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

@deansmith8218 Месяц назад

We still need to live now, Trudeau won’t give no break at the pump and EVs are useless when winter has deep freeze months..🤷🏽‍♂️🤷🏽‍♂️

@HamidA-to8vy 3 месяца назад

It was controversial decision or brave decision?

@chrisbeliveau6885 3 месяца назад

What anout the CGL opening?

@lostmoose9994 3 месяца назад

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

@billbalyx8799 3 месяца назад

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

@carsonmetcalfe7635 3 месяца назад

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

@studinthemaking 3 месяца назад

I guess even JT needs to please his Chinese overlords.

@freebie808 3 месяца назад

Yay

@emarydrilling 3 месяца назад

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

@wallacegrommet3479 3 месяца назад

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

@NoGattsuNoGlory 3 месяца назад

Carbon tax on every litre

@philipclift7205 3 месяца назад

We are all rich now.

@chadking8973 3 месяца назад

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

@ArabicReja973 3 месяца назад

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

@eekthecat9933 3 месяца назад

Lastchang you need to get better at this .

@Kennnny77 3 месяца назад

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

@lucmarchand617 3 месяца назад

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.😊

@Kevin-bp2cw 3 месяца назад

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