The federal government is investing $1.6 billion in a floating dredge oil pipeline project that has a long history of spills, and a pipeline company is fighting the government’s plans to drill into the area.
Key points: The project would use a floating pipeline to carry crude oil to an export terminal in AlbertaThe project would involve a dredging floating facility that could take years to completeThe proposed project would be the first in Canada, and it would be operated by Energy Transfer Partners, a major Canadian oil company, and Kinder Morgan Canada.
Energy Transfer has been under pressure to speed up the process of drilling into the B.C. oil sands to boost the oil sands economy, and to move the oil out of the ground.
Last month, Kinder Morgan said it would begin drilling into an area of the Baffin Bay shale formation in southern B.c., which is currently being used as an offshore oil-rich deposit for future exploration.
It has since stopped working on the project, and Energy Transfer has said it plans to take the project out of operation as soon as the government takes steps to speed it up.
Key point: Kinder Morgan has been fighting the federal government’s plan to drill in the areaIt is unclear how long the pipeline project would take to complete.
“We are working with the government to expedite our permitting processes to expeditiously move forward with this project,” Kinder Morgan spokesman Michael Horsman said.
“Kinder Morgan is working with our regulatory partners and the government of B.CA on its permitting and environmental review process.”
The company said it has no plans to build the floating pipeline in B.ca.
Kinder Transports has been a leader in the industry since it started shipping crude oil from Alberta to its own terminal in Burnaby, B.com.
Ketchum, a subsidiary of TransCanada Corp., has built a refinery in Burnhambe, B., that could become the new headquarters of Kinder Morgan, which would build the pipeline.
But the company has faced criticism over the past year for the pipeline, which could run under the B-Line Highway in Burnbury, the main artery that connects the oil fields in the south of B and Alberta.
The B.coast Pipeline Association, which represents about 2,000 oil refineries, said the pipeline would “serve as a direct threat to B. Canada’s economy, environment and quality of life,” and would be “a massive environmental and economic detriment.”
The pipeline would be built by Kinder Morgan and would take at least 20 years to build, the BCA said in a statement.
Kathimer said the project would not only be environmentally friendly, but would also create jobs in the province.
Kethmour Bay is home to one of Canada’s most pristine marine environments, and the Baja California Sur coastline is one of the world’s most important fisheries.
The pipeline will be a key component of the company’s B. Canadian project, which is also expected to open in 2021, but there are concerns it will not be able to operate safely because of safety regulations that require the company to drill a minimum of 2,500 feet (610 metres) from the shoreline and at least 40 feet (12 metres) above the water.
Kett’s plan would have the pipeline drilled directly below the Bayshore, where it would pass through a series of boreholes, with its first stage being the dredge floating pipeline.
In B. Can, the pipeline will take crude oil that has been refined into refined products, like oil from the Bancroft sands in Alberta, or from the Athabasca tar sands in Saskatchewan.
It would then transport the oil from Burnhamburys refinery to an underground storage facility, where the oil would be processed and shipped to the Port of Churchill, in Nova Scotia, where a processing plant can process it.
Kerritt’s company said in its proposal that the project will create 10,000 direct and indirect construction jobs, and “provide a significant economic benefit” to the province, the province’s economy and the community.
“This project will be the biggest single piece of infrastructure investment we’ve ever undertaken in Baffins’ history,” said Doug Kerritt, vice-president and general manager of Kerritt Refining.
“It’s a project that is going to create significant employment and create economic benefit for Nova Scotia.”