Reason #398 Why I Love To Blog -- May 20, 2016; Iowa May Keystone The Dakota Access, But Canada Presses On With It's Own Trans Mountain Expansion Project

Yesterday I posted this:

Oil & Gas Journal is reporting:

Canadian Prime Minister Justin Trudeau appears ready to fulfill a campaign promise to ban crude oil tankers off northern British Columbia in a move that would throw the proposed Northern Gateway Pipeline into question.

The $6.5 billion, 1,177-km twin pipeline proposed by Enbridge Corp. would carry blended bitumen from Alberta to a terminal at Kitimat, BC, and return diluent to Alberta.

TransCanada also has proposed a project called Energy East, which would link the oil sands with eastern Canadian provinces and the Atlantic.

This pretty much indicates the direction Barack Trudeau will take with regard to Canada's oil and gas industry. 

Today this story from Penn Energy:

Canada’s National Energy Board (NEB) has concluded that the Trans Mountain Expansion Project is in the public interest and recommended the Federal Governor in Council approve the proposed expansion. The NEB’s recommendation will allow the Project to proceed with 157 conditions if the Governor in Council approves the project. The Federal Government will make the final decision on the Project in December 2016.

“Trans Mountain is pleased with the NEB’s recommendation,” said Ian Anderson, president of Kinder Morgan Canada. “The decision is the culmination of a lengthy and thorough regulatory review process and considers the many thousands of hours of environmental and technical studies, scientific evidence and community engagement that has been part of this comprehensive assessment. After an initial review of the report, Trans Mountain believes the 157 Project-specific conditions, many in response to input from Intervenors, are rigorous and appear to be achievable.” Trans Mountain continues to analyze the NEB’s conditions for implications to community commitments, costs and Project timeline, but is still expecting the in-service date to be December 2019.

“This report is a reflection of our evidence along with the valuable input from Intervenors and our conversations with communities, Aboriginals and individuals,” added Anderson. “Now, more than ever our Project makes sense for Canada. We have demonstrated the demand for much-needed access to global markets and how building this pipeline will bring both dollars and many thousands of jobs for communities in British Columbia and Alberta at a time when our economy needs it most.”