This week, I will be sharing with you some of my most recent posts on energy security.
The first of which is the first article in my series on the Xl pipeline.
The Xl Pipeline, or the Great Pipeline, is a pipeline system that will run from Fort McMurray, Alberta, Canada, through British Columbia and through the Northwest Territories to Kitimat, British Columbia, and through Quebec, Canada.
While the project is being built by TransCanada (TSX:TRP), it is being designed by a consortium of major oil companies, which include BP (NYSE:BP), Chevron (NYSE,NYSE:CVX), Suncor, and Shell.
Since its inception in 2007, the XL project has been plagued by numerous leaks and spills.
TransCanada and its allies, including the Canadian Energy Pipeline Association (Cepa), have argued that the pipeline will not pose a risk to the environment and that the leaks are actually part of a much larger project that is a form of environmental mitigation.
According to the Canadian Oil Sands Association (COASA), the project will create 5,000 direct and indirect jobs.
Critics have accused TransCanada of having a hand in the leaks, which have been a common occurrence in the tar sands region of Alberta.
As of March 20, 2017, there were over 1,400 leaks at the project.
In 2016, an oil spill occurred during construction of the project and contaminated about 30 acres of farmland in northeastern Alberta.
A subsequent investigation found that one of the largest oil spills at the construction site occurred in July of that year, and that another oil spill had occurred in October of 2016.
Despite the leaks and the spillage, TransCanada and other oil companies have continued to build pipelines in the region, despite the risks posed by these spills and the environmental impacts.
Although TransCanada has said that the project would be safe and that it would not affect the environment, some environmental groups have said that this is a false promise.
Earlier this year, the federal government passed a law that requires TransCanada to undertake an environmental assessment of the Xls pipeline.
However, the law does not mandate that the company undertake an extensive study of the pipeline’s environmental impacts and to ensure that the Xlt pipeline has the required level of safety.
Given the delays in completing the Xla pipeline, TransCanal has said it is willing to wait until the completion of the Great Line to complete its environmental assessment.
“In the meantime, we have already started construction on the Great Pipe,” said TransCanada CEO Russ Girling at a press conference last week.
“As we continue to assess the pipeline and make sure it meets our environmental requirements, we will continue to do what we have been doing.
We have a very strong pipeline in place that has been proven safe, safe, and safe again.”
The Great Pipe is scheduled to be completed by the end of the year.
On Tuesday, Transcanal and its partners unveiled plans for the Xt pipeline, which is expected to run from Kitimata, British Colombia, to B.C. The Xlt Pipeline is slated to carry about 1.5 million barrels of crude oil per day, and would carry crude from Canada to the U.S. and to Mexico.
However, according to the International Energy Agency (IEA), this will not be enough to meet Canada’s energy needs.
For the last 10 years, I have been concerned that the world is heading towards an energy crisis that will have profound impacts on the global economy, the environment (as well as on the health of the planet), and the people who live and work here in Canada.
We are seeing the beginning of the end.
At the same time, Trans-Canada has been working to find ways to increase the supply of oil from Canada, which has the largest reserves in the world, and to reduce its reliance on foreign oil.
To do this, Trans Canada has built the Great Northwest Pipeline (GWP) that is expected, by 2020, to carry 2.5 billion barrels of oil per year from Alberta, Saskatchewan, and British Columbia to refineries in Mexico.
TransCanada’s plans include building a new pipeline, the Great West Pipeline, to increase oil production from the U to the Gulf of Mexico.
However: TransCanada said the expansion of the GWP from Alberta and Saskatchewan to Mexico is not part of the final environmental assessment because of “potential impacts on water and the environment.”
In addition, TransCanadian said that construction of another pipeline to carry crude oil from Mexico to the US will not start until the GWPs completion in 2022 and 2023.
Finally, TransCannal plans to build a new oil refinery in Kitimato, British Canada.
In June 2017, the International Monetary Fund (IMF) estimated that the economic impact of the climate change associated