The trans-mountain pipeline project has been approved in Canada. This project will triple the capacity of an existing pipeline to carry crude oil to the B.C. coast. This project faces two major issues: first, that the initial approval by the National Energy Board was fundamentally flawed for not considering the impact of the expansion and increased tanker traffic on marine ecosystems and second, that the current Liberal government failed in its duty to consult adequately during the latest Phase 3 round of talks with Indigenous communities.
Although the expansion is said to increase employment and it has a lower risk of spilling oil than when transporting by rail.
Although, pipeline spills and leaks can pollute waterways exposing fish to toxic chemicals that can kill on impact or cause disease over the long-term. The spills of petrochemicals can also negatively impact the growth of other aquatic life-destroying plant habitat and insect food sources.
The simple truth is that Canada’s oil will fetch a better price if the option of shipping more of it via Trans Mountain’s Pacific tidewater terminal. Canada will earn more on every barrel of oil that’s piped west compared to those sold to their existing customers in the United States Midwest market, a differential that exists regardless of the price of oil. The Project will allow Canadian oil to be delivered to international markets and, as a result, Canada will earn approximately $3.7 billion more per year.