Canadian Prime Minister Justin Trudeau has approved extending the Trans Mountain pipeline, which may help Canada become the largest oil producer in the Americas.
The pipeline aims to move crude from central Alberta to the Pacific coast. The expansion would triple its initial capacity up to 890,000 barrels per day (bpd) from the current 300,000 barrels.
The project will cost Can$6.8 billion ($5 billion) and is expected to open the Asian market to crude exports from Canadian oil sands. Continue reading “Canada expands controversial oil pipeline to Pacific”