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5 Pipelines to Break Even

There are five pipelines under consideration to move tar-sands oil from Alberta to shipping ports. All five are needed for investors to break even
by Lou Dubose

Mar 1, 2015 | Politics

 

 

KEYSTONE XL
Builder: TransCanada. Capacity: 830,000 barrels a day. Cost: $8 billion. Backstory: runs from Hardisty, Alberta, south through the U.S. Midwest to Houston, Texas.

TRANS MOUNTAIN
Builder: Kinder Morgan. Capacity: 540,000 barrels a day. Cost: $5.4 billion. Backstory: runs parallel to existing line, would carry bitumen from Edmonton to Burnaby, B.C.

NORTHERN GATEWAY
Builder: Enbridge Inc. Capacity: 525,000 barrels a day. Cost: $7.9 billion. Backstory: runs from Bruderheim, Alberta, to Kitimat, B.C. Approved by Ottawa in 2014, but faces opposition from aboriginal communities.

MACKENZIE VALLEY
Builder: Imperial Oil Co. Capacity: Unknown Cost: Undetermined. Backstory:
runs north from the tar sands through the Northwest Territories to Tuktoyaktuk on the Arctic coast. Strong opposition from environmentalists.

ENERGY EAST
Builder: TransCanada. Capacity: 1.1 million barrels a day. Cost: $12 billion. Backstory: convert parts of natural gas line from Alberta to Ontario to carry bitumen to Ontario, then add a new line through Quebec to Halifax, New Brunswick.

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1 Comment

  1. For his yuletide ’14 gift for me, my brother David gave me a subscription of the Washington Spectator – and carried it over to ’15. I’ve enjoyed and benefited from his excellent gift – and especially enjoyed the lead story in your March ’15 issue.

    Unfortunately, I’ve misplaced it. Am I able to order a replacement based on my subscriber-ship?

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