Growing concern by Canada’s Energy regulator

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Growing concern by Canada’s Energy regulator

Thu, 12/03/2020 - 13:19
Pipeline in the mountains (copyright by Shutterstock/BILD LLC)
Pipeline in the mountains (copyright by Shutterstock/BILD LLC)

There is growing concern by Canada’s Energy regulator for the financial viability of two major pipeline projects. The first is the Trans Mountain expansion project and the second concerns construction of the Keystone XL pipeline. The annual Energy Futures report concludes that as Canada adopts stricter climate change policies, there will be less need for new natural gas transport capacity.

This annual report forecasts Canada’s energy requirements and supply over the next three decades and concludes that the transmountain expansion and the Keystone XL pipeline would only be needed if no additional climate change policies were implemented after this year. In fact Cam Fenton, Canada team lead at has said “The Canadian Energy Regulator’s new report makes it clear that if Canada acts on the climate crisis, even at a level far below what was promised in last week’s net-zero legislation, both the Trans Mountain and Keystone XL pipelines aren’t necessary”. In parallel, several environmental groups have seized on these findings from Canada’s federal energy regulator to back their claim that the trans mountain pipeline extension linking the gas networks of Edmonton Alberta to Burnaby British Columbia, should not go ahead.

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