Monday, September 15th26.6°C
23373
22916

TransCanada: Northern Courier oilsands pipeline gets green light from regulator

CALGARY - TransCanada Corp. says its $800-million Northern Courier pipeline proposal has been given the green light by the Alberta Energy Regulator.

The project is designed to connect Suncor Energy Inc.'s (TSX:SU) planned Fort Hills oilsands mine to a tank farm near Fort McMurray, Alta., 90 kilometres to the south.

Northern Courier consists of two pipelines: one to carry bitumen out of Fort Hills and a smaller one to ship diluent, used to help oilsands crude move through pipelines, up to the mine.

TransCanada aims to begin construction on Northern Courier during the third quarter, with start up targeted in 2017.

Hearings into another pipeline TransCanada plans to build in the oilsands region, Grand Rapids, recently wrapped up, with critics complaining the AER process was too rushed.

Grand Rapids is a 50-50 joint venture with PetroChina that would ship up to 900,000 barrels per day from near Fort McMurray to the Edmonton area.

The Canadian Press


Read more Business News

22418


Recent Trending




Today's Market
S&P TSX15482.56-49.021
S&P CDNX981.50-6.43
DJIA17031.1443.63
Nasdaq4518.903-48.696
S&P 5001984.13-1.41
CDN Dollar0.9050+0.0003
Gold1234.30-0.7999
Oil92.76-0.16
Lumber349.00+1.00
Natural Gas3.982-0.015

 
Okanagan Companies
Pacific Safety0.18-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.29-0.01
Cantex0.06-0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.065-0.005
Russel Metals36.17-0.09
Copper Mountain Mining2.70-0.18
Colorado Resources0.155-0.01
ReliaBrand Inc0.024-0.0078
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.265-0.01

 



22967

FEATURED Property
202900613472 Parkside Crescent
10086203 bedrooms
$185,900
more details
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...

_



23109




Member of BC Press Council


23087