Last week my report “Reassessment of Need for the Trans Mountain Expansion Project” was published by the Parkland Institute and Canadian Centre for Policy Alternatives (CCPA). The Canadian Energy Centre (aka Premier Jason Kenney’s “War Room”) took exception to my report and wrote a hit piece designed to discredit it,“A Matter of Fact: CCPA report …
New research from veteran earth scientist David Hughes concludes that the Trans Mountain Pipeline expansion project (TMX) makes no financial sense. In fact, Alberta heavy oil producers can expect to lose money on every barrel of oil they produce and move through TMX. Contrary to claims that bringing heavy oil to tidewater for export to …
This report concludes that the Trans Mountain pipeline expansion project (TMX) is not needed to meet forecasted Canadian capacity needs. The author, J. David Hughes, also demonstrates that contrary to claims that bringing heavy oil to tidewater for export to Asia will fetch a higher price, it will likely instead sell at a loss of $4-$6 per barrel. …