About Trans Mountain Pipeline Expansion
The Building Trades of Alberta and our affiliate Locals understand the value of getting product to market in the most cost-effective, safest way possible. We support the construction of Trans Mountain Pipeline Expansion.
The Trans Mountain Pipeline Expansion represents the least costly, most reliable, most secure way of transporting oil and gas to tidewater and new markets. It has already gone through an extensive environmental review and is currently going through further review that will result in still more protections. It has widespread support among Indigenous groups along the pipeline’s path. It is good jobs. It is good for the economy. It is good for Alberta and Canada.
Alberta faces a problem of shut-in oil. In simple terms, we produce more oil than we can get to market.
That costs Alberta and the Canadian economy billions of dollars each year.
Click March 6, 2019 tweet to update the cost.
Since work on #TMX was halted on Aug 30, the Canadian economy has lost $15 billion in revenue. Every day construction is delayed we are forced to sell our products for less than they are worth, and the whole country pays the price. #KeepCanadaWorking https://t.co/pk0lCb4lbS pic.twitter.com/F18HJ6fZEU— Keep Canada Working (@KeepCanWorking) March 6, 2019
Trans Canada Pipeline Expansion will provide a major boost to the Alberta and Canadian economies.
That means investment, jobs, and tax revenue.
The direct benefits of Trans Mountain Pipeline Expansion seem self-evident, but there are more reasons to support its construction.
The United States is the only major market for Alberta crude. That leaves us vulnerable to price differentials between between Western Canadian Select (WCS) and West Texas Intermediate (WTI).
The price differential increased from $15 to more than $50 per barrel in late 2018. That was good for American refineries and the 3 big majors in Alberta (Suncor, Husky Energy and Imperial Oil) but not for the other players and not for jobs or government revenues.
As a result, the Alberta government imposed a temporary mandatory crude production cut of 8.7%. The cut took effect on 1 January 2019 and the differential soon shrank to less than $10 per barrel.
Alberta’s reliance on the United States as the only major market for Alberta crude also leaves us vulnerable to regulatory and political uncertainties south of the border. Think of the Keystone pipeline and Enbridge’s Line 3 pipeline.
Climate change concerns are also prompting a global shift away from heavy crude.
Large institutional investors like pension funds are putting stringent Environmental, Social and Governance, or ESG, principles into their investing criteria… Many big funds won’t put money into companies unless they demonstrate mitigation of carbon emissions below a threshold.
We need to act now to expand pipeline capacity. And we have the public support to do it. Trans Canada Pipeline Expansion enjoys widespread public support right across Canada.
Support for Kinder Morgan pipeline expansion up to 54% in B.C. — up six per cent from February, says Angus Reid Institute https://t.co/4mMajXM3L9— CBC News (@CBCNews) April 19, 2018
TMX is not a cure-all for Alberta’s economy but it is a significant step in the right direction.
We’ve taken another important step toward building #TransMountain pipeline.— Rachel Notley (@RachelNotley) February 23, 2019
Now, the federal gov’t needs to move ahead with proper consultations with affected Indigenous communities.
Together, we can do big things - like #TMX - when we do them right and in the national interest. pic.twitter.com/EsKafmJatZ
Here’s what you can do to support the Trans Mountain Pipeline Expansion project.
Take Action to Support TMX
- Share this blog on your favourite social media. Tweet about the project. Follow BTA on Facebook and Twitter.
- Contact your local MLA or MP.
“The Trans Mountain Pipeline Expansion project is vital to Canada’s national interests. The federal government needs to find a solution that will enable TMX to proceed as quickly as possible.”
The Federal Court of Appeal ruled on Thursday, August 31, 2018 that construction on the Trans Mountain Pipeline Expansion (TMX) project had to cease. The pipeline expansion is to carry diluted bitumen to the Westridge Terminal on British Columbia’s [...]
Yesterday, July 22, 2018, the deadline passed to identify a new owner for the Trans Mountain Pipeline expansion. As a result, the Canadian government is set to become the official owner of the pipeline. The investment of $4.5 billion [...]
PRESS RELEASE The Building Trades of Alberta is Ready to Get to Work May 29, 2018 The Government of Canada took action today to back up its assertion that the Trans Mountain Pipeline would be built. By creating an agreement [...]
There’s more than lack of pipelines and Bill C-69 that ails the oilpatch. Let me count the ways, Financial Post, 6 March 2019
Nearly 6 in 10 Canadians call lack of new pipeline capacity a ‘crisis,’ poll suggests, CBC News, 16 January 2019
- Enbridge Line 3 delay ‘throws turmoil’ into marketplace: expert, CBC News, 6 March, 2019
- Notley’s oilpatch overhaul, CBC News Interactives