Canada looks set to approve a hotly-debated plan to expand an oil pipeline this ...
OTTAWA/CALGARY, Alberta - Canada looks set to approve a hotly-debated plan to expand an oil pipeline this week, people familiar with the process told Reuters, but the move is unlikely to help Prime Minister Justin Trudeau rebuild flagging support ahead of an October election.
If completed, the expansion would nearly triple capacity on the pipeline that runs from the western crude-rich province of Alberta to British Columbia’s Pacific coast. But it has faced increasing protests from environmental activists and aboriginal groups. He has said the expansion will proceed if the conditions are right. His cabinet is set to take a final decision on Tuesday and Finance Minister Bill Morneau is due to address a business audience in the Albertan energy capital of Calgary on Wednesday.
A senior Alberta government source also said approval was expected. “It’s the least this government can do to approve this pipeline,” said the source. The Canadian Association of Petroleum Producers has forecast total investment in Canada’s oil and natural gas industry will fall by about 10% to C$37 billion in 2019 from 2018, underscoring how Canada has struggled to recover from the 2014/15 global oil price crash.
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