Uncertain economic returns and duration of government tax incentives put at risk proposed project of six big Alberta oil firm developers, set to be the world’s largest, says energy sector research firm Wood Mackenzie.
Uncertain economic returns and federal tax credit duration put at risk proposed project of six big oil firm developers, set to be the world’s largest, says energy sector research firm Wood Mackenzie.
Developer will testify Jan. 12 to gain Canada approval to install narrower pipe in an area of very hard rock in British Columbia for much-delayed federally-owned project.
TC Energy and contractor Pacific Atlantic Pipeline Construction are in dispute related to challenging $10.6B Canada Coastal GasLink natural gas pipeline that is nearly complete.
Quebec $2.9B project would produce 70,000 tons annually by 2028, while the B.C. project, valued up to $7B, would be one of the largest Indigenous energy projects in Canada.