Fraser Institute News Release: Lack of pipelines will cost Canada $15.8 billion this year

A shortage of pipeline capacity is driving down the price of Canadian oil and will cost the country’s energy sector CAD$15.8 billion in lost revenues this year, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “Without adequate pipelines to tidewater ports, Canadian oil producers are forced […]

TransCanada reports strong first quarter 2018 financial results

Diversified portfolio of high-quality assets continues to drive record performance TransCanada Corporation today announced net income attributable to common shares for first quarter 2018 of $734 million or $0.83 per share compared to net income of $643 million or $0.74 per share for the same period in 2017. Comparable earnings for first quarter 2018 were […]

Update on Trans Mountain expansion project permitting process

In total, 1,187 provincial permits are required for the Trans Mountain expansion project, with many involving First Nations consultation. To date: 587 permit applications have been submitted to permitting agencies. Of these, 201 have been approved and permits issued. The remaining 386 are being reviewed. Approximately another 600 permits have yet to be submitted by […]