Reassessment of Need for the Trans Mountain Pipeline Expansion Project

The assumptions underlying the federal government’s $12.6 billion commitment to the Trans Mountain pipeline expansion project (TMX) no longer stand up in 2020, according to this new report from veteran earth scientist David Hughes released as a part of the Corporate Mapping Project.

Reassessment of Need for the Trans Mountain Pipeline Expansion Project evaluates recent developments, including new production forecasts, announced expansions of existing pipelines, cost inflation, and prices in US and Asian markets. The report concludes the capacity that TMX would add is both not needed and will not result in the hoped-for price premium for Canadian producers.

Read the full report here.

 

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