Money Savings for Canadians

  After more than a decade of challenges, delays, and cost escalations, the $34-billion Trans Mountain pipeline expansion project is finally nearing completion. Let’s take a closer look at what happens next. Project Overview The Trans Mountain expansion project, located in Western Canada, aims to triple the amount of crude oil transported from Alberta to the West Coast. Here are some key points about the project: History and Challenges : The project began over 12 years ago and has faced court challenges, regulatory hurdles, protests, and constant delays. It’s been a long and winding road to get to this point. Cost Escalation : When the federal government stepped in to purchase the project six years ago, the estimated price tag was $7.4 billion. However, today, expenses have ballooned to $34 billion. Pipeline Capacity : The expanded pipeline will transport oil from Alberta to the West Coast, increasing capacity from 300,000 barrels per day to 890,000 bpd. Canadian oil prices are expecte