Stay updated with breaking news from Andre reboucas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When Biden, on his first day in office, put the brakes to the Keystone XL pipeline project in the U.S., the immediate result was more pressure on Ottawa to complete the twinning of the Trans Mountain route through Alberta and B.C. If all goes to schedule, that means we’ll see more tankers as many as 34 a month, up from the historical average of four or five glide past the Victoria waterfront beginning at the end of 2022. The Canadian government pushed both Keystone XL and Trans Mountain for the same reason: They would make it easier to ship Alberta oil to offshore markets, principally in Asia. Keystone would do so via the U.S. Gulf Coast and Trans Mountain through an expanded terminal in Burnaby. ....