CALGARY — The CEO of Pembina Pipeline Corp. says the company needs more certainty over timing, regulations and costs related to the Trans Mountain expansion ...
CALGARY — The CEO of Pembina Pipeline Corp. says the company needs more certainty over timing, regulations and costs related to the Trans Mountain expansion project before deciding whether to make an offer for an equity stake in the pipeline.
Ottawa bought the Trans Mountain pipeline, Canada's only pipeline system that transports oil from Alberta to the west coast, in 2018 to ensure a planned expansion would be completed after previous owner Kinder Morgan Canada Inc. threatened to scrap the project. Phase 2 will involve the consideration of commercial offers for the remaining stake in the pipeline, but Burrows said the timing of that is unclear.
The sale of Trans Mountain is expected to be one of the largest commercial transactions in Canadian history. It's also unclear how large an equity stake might be sold to Indigenous communities during Phase 1 of the process. The regulator has ordered Trans Mountain Corp. to stop work in the area until the issues are corrected and the company submits a safety inspection and report.
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Pembina Pipeline needs Trans Mountain certainty before considering an offer: CEOCALGARY — The CEO of Pembina Pipeline Corp. says the company needs more certainty over timing, regulations and costs related to the Trans Mountain expansion project before deciding whether to make an offer for an equity stake in the pipeline.
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Trans Mountain Corp. issued stop-work order for environmental non-complianceCALGARY — The company building the Trans Mountain pipeline expansion has been issued a temporary stop-work order due to environmental non-compliance related ...
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Trans Mountain Corp. issued stop-work order for environmental non-complianceCALGARY — The company building the Trans Mountain pipeline expansion has been issued a temporary stop-work order due to environmental non-compliance related to a wetland near Abbotsford, B.C.
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