Indigenous groups want to buy Trans Mountain pipeline, despite escalating costs
Last updated 3/28/2022 at 10:47am
EDMONTON, Alb.—Even though prices are skyrocketing on the construction of the Trans Mountain pipeline expansion project, Indigenous groups are still lining up, hoping to purchase the pipeline.
The 1,150-km Trans Mountain pipeline carries 300,000 barrels of oil per day, and is Canada's only pipeline system transporting oil from Alberta to the West Coast. The expansion will raise daily output to around 890,000 barels, which will expand Canada's crude oil production and expand the country's access to global energy markets.
In 2018, the federal government purchased the pipeline after the owne...