Wednesday, April 1st5.6°C
25326
24949

Canadian government Oks pipeline to Pacific Coast that would allow oil to be shipped to Asia

TORONTO - The Canadian government has approved a proposed pipeline to the Pacific Coast that would allow Canada's oil to be shipped to Asia.

The approval was expected. Conservative Prime Minister Stephen Harper has been a staunch supporter of Enbridge's proposed Northern Gateway pipeline after the U.S. delayed a decision on TransCanada's Keystone XL pipeline that would take oil from Alberta to the U.S. Gulf Coast.

Enbridge's pipeline would transport 525,000 barrels of oil a day from Alberta's oil sands to the Pacific to deliver oil to Asia, mainly energy-hungry China.

There is fierce environmental and aboriginal opposition to the project and legal challenges are expected. Opponents fear pipeline leaks and a potential disaster on the pristine Pacific coast.

The Canadian Press


Read more Business News

25790


Recent Trending




Today's Market
S&P TSX14942.55+40.11
S&P CDNX681.32+1.25
DJIA17698.18-77.94
Nasdaq4880.23-20.66
S&P 5002059.69-8.20
CDN Dollar0.7933+0.0008
Gold1203.40-4.70
Oil49.63-0.46
Lumber274.00+1.00
Natural Gas2.605-0.002

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.55+0.07
Cantex0.03-0.01
Anavex Life Sciences0.23+0.02
Metalex Ventures0.045+0.005
Russel Metals24.83+0.79
Copper Mountain Mining1.19+0.03
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.23-0.02
Decisive Dividend Corporation1.80+0.02

 



25790

FEATURED Property
2114033220A 40 Kettle View Road
2 bedrooms 2 baths
$204,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


24886