popular articles

Trans Mountain, Canada’s controversial new oil pipeline, goes into service

The Trans Mountain pipeline, which will significantly increase Canada's oil transport capacity, is finally operational, sparking debate and controversy.
Pipeline Trans Moutain mise en service

Please share:

The Trans Mountain oil pipeline, connecting central Canada to its west coast, went into operation this Wednesday, after several delays. This pipeline is the first major one to be built in Canada in decades, a country that ranks fourth among the world’s crude oil exporters. As Alberta celebrates this breakthrough, environmentalists and aboriginal communities are voicing strong opposition. Fears of oil spills and their impact on orcas in the Pacific are at the heart of concerns. This situation highlights the challenges of reconciling economic growth with environmental responsibility.

Economic consequences and criticism

The cost of the project, initially estimated at C$7.4 billion, has ballooned to a potential C$34 billion. Critics, including the Parliamentary Budget Officer, call the project a financial loss, pointing out that construction costs are higher than the anticipated added value. This raises questions about the long-term economic viability of such investments.

Geopolitical and energy implications

The impact of the new pipeline on global energy geopolitics is also something to keep an eye on. According to Pierre-Olivier Pineau, while the pipeline won’t radically alter the global energy balance, it will reduce dependence on Middle Eastern suppliers, offering new alternatives. This change could slightly reorient global energy power dynamics.

The challenges of reconciliation with indigenous communities

Pipeline construction has exacerbated tensions with Aboriginal communities, jeopardizing the Trudeau government’s reconciliation efforts. Managing these relationships and the need for a more inclusive approach have become central issues in Canadian politics, highlighting the complications inherent in natural resource management.

A climate perspective on industrial reality

The project runs counter to Canada’s climate objectives, which aim to significantly reduce greenhouse gas emissions. Jean-Philippe Sapinski underlines the pipeline’s incompatibility with a genuine ecological transition, pointing to the challenges of aligning environmental ambitions with industrial interests.

The inauguration of the new Trans Mountain pipeline represents a turning point for the Canadian oil industry, but raises profound questions about the balance between economic progress and environmental conservation, as well as the social and financial implications of such projects.

Register free of charge for uninterrupted access.

Publicite

Recently published in

U.S. crude oil reserves have unexpectedly decreased, while production reaches a record high, solidifying the United States' position as the world's top producer.
Marine fuel sales in Panama reached their highest level in September since 2020, supported by strong year-on-year performance in both high sulfur and very low sulfur bunker grades.
Marine fuel sales in Panama reached their highest level in September since 2020, supported by strong year-on-year performance in both high sulfur and very low sulfur bunker grades.
The international operator of Kashagan urges QazaqGaz to prioritize the construction of processing facilities, as oil production growth projects are delayed.
The international operator of Kashagan urges QazaqGaz to prioritize the construction of processing facilities, as oil production growth projects are delayed.
The British government has opened 37 investigations into suspected breaches of sanctions imposed on the Russian oil sector, marking an intensification of efforts to enforce restrictions aimed at reducing Russia's oil revenue.
The British government has opened 37 investigations into suspected breaches of sanctions imposed on the Russian oil sector, marking an intensification of efforts to enforce restrictions aimed at reducing Russia's oil revenue.
Gasoline exports to Nigeria have sharply dropped in October, as the Dangote refinery operates at half capacity, risking a fuel deficit without additional imports.
Reliance Industries posted a 1% rise in crude throughput in the third quarter despite unfavorable market conditions affecting its petrochemical business. The O2C division, however, saw its revenues increase by 5.1% year-on-year.
Reliance Industries posted a 1% rise in crude throughput in the third quarter despite unfavorable market conditions affecting its petrochemical business. The O2C division, however, saw its revenues increase by 5.1% year-on-year.
The Indonesian government reduces nearly half of its exploration permits to focus on optimizing and reactivating existing wells, aiming to strengthen national production.
The Indonesian government reduces nearly half of its exploration permits to focus on optimizing and reactivating existing wells, aiming to strengthen national production.
TotalEnergies announces a drop in its refining margins in Q3 2024, with a 66% decrease compared to the previous quarter, due to falling prices for petroleum products worldwide.
TotalEnergies announces a drop in its refining margins in Q3 2024, with a 66% decrease compared to the previous quarter, due to falling prices for petroleum products worldwide.
The International Energy Agency (IEA) has lowered its forecasts for global refinery runs due to weak profit margins, particularly impacting China and Europe.
The International Energy Agency confirms that the oil market remains stable despite tensions in the Middle East, while preparing to intervene if necessary.
The International Energy Agency confirms that the oil market remains stable despite tensions in the Middle East, while preparing to intervene if necessary.
India Intensifies Efforts to Increase Crude Oil Purchases from Brazil Despite Competition from Discounted Russian Oil and Logistical Challenges Related to Maritime Transport
India Intensifies Efforts to Increase Crude Oil Purchases from Brazil Despite Competition from Discounted Russian Oil and Logistical Challenges Related to Maritime Transport
As China, the world's second-largest oil consumer, may reach a peak in refined product demand by 2027, the implications for the global oil market and prices are significant.
As China, the world's second-largest oil consumer, may reach a peak in refined product demand by 2027, the implications for the global oil market and prices are significant.
US sanctions on Iran to tighten China crude flows and raise shipping costs
OPEC Revises Down Its Global Oil Demand Estimates for 2024 and 2025, Forecasting Consumption of 104.1 Million Barrels per Day in 2024, Compared to 102.2 Million in 2023.
OPEC Revises Down Its Global Oil Demand Estimates for 2024 and 2025, Forecasting Consumption of 104.1 Million Barrels per Day in 2024, Compared to 102.2 Million in 2023.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
Patrick Pouyanné, CEO of TotalEnergies, anticipates an oil peak by 2040 while reaffirming the importance of investing in oil and gas, despite the growing prominence of renewable energies.
Patrick Pouyanné, CEO of TotalEnergies, anticipates an oil peak by 2040 while reaffirming the importance of investing in oil and gas, despite the growing prominence of renewable energies.
An acid gas leak in a Pemex refinery in Deer Park, Texas, has caused 2 deaths and 35 injuries. Local authorities have issued an alert, and an investigation is underway to determine the causes of the accident.
The British giant BP forecasts a decline in its oil sales and refining margins in the third quarter of 2024, impacting its financial results amid falling oil prices.
The British giant BP forecasts a decline in its oil sales and refining margins in the third quarter of 2024, impacting its financial results amid falling oil prices.
Next Bridge Hydrocarbons announces the upcoming acquisition of Louisiana Heritage Play, thereby strengthening its presence in Texas, Louisiana, and Oklahoma. This operation aims to optimize exploration and production opportunities for natural gas and oil.
Next Bridge Hydrocarbons announces the upcoming acquisition of Louisiana Heritage Play, thereby strengthening its presence in Texas, Louisiana, and Oklahoma. This operation aims to optimize exploration and production opportunities for natural gas and oil.
The price of gasoline in Nigeria, Africa's most populous country, has surged again, reaching 998 nairas ($0.62) per liter. This rise follows a previous 45% increase in September, fueling an ongoing economic crisis.
The price of gasoline in Nigeria, Africa's most populous country, has surged again, reaching 998 nairas ($0.62) per liter. This rise follows a previous 45% increase in September, fueling an ongoing economic crisis.
OMV Petrom strengthens its presence in the renewable energy sector with the acquisition of 50% of Electrocentrale Borzești shares and production assets from Renovatio Group, totaling an installed capacity of 1,018 MW.
Encavis Asset Management AG has finalized the sale of a European wind farm portfolio totaling 48 MW, distributed in France and Germany, for the benefit of an institutional investor.
Encavis Asset Management AG has finalized the sale of a European wind farm portfolio totaling 48 MW, distributed in France and Germany, for the benefit of an institutional investor.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
Siemens Energy sues Citgo Petroleum and PDV Holding in Texas to recover $200 million following a Venezuelan payment default.
Siemens Energy sues Citgo Petroleum and PDV Holding in Texas to recover $200 million following a Venezuelan payment default.

Advertising