Canadian regulators on Monday (9/18) kicked off a two-day hearing to weigh a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked opposition from Indigenous groups and may lead to further delays for the key oil pipeline.
After years of environmental opposition, regulatory hold-ups and ballooning costs, Canadian government-owned TMX is nearing completion and due to start shipping an extra 590 Mb/d crude from Alberta to Canada's Pacific coast in the 1Q 2024. Once begining service the pipeline's new total pipeline capacity will be 890 Mb/d. TMC estimated the entire expansion project would cost close to $23 Billion, more than four times its original budget, and warned the price tag could rise further.
