Trans Mountain Pipeline tripling was a bad idea from the start. The energy corridor Canada needs is cross-country HVDC, and $31 billion would have built it.
Canada’s Oil Pipeline To Nowhere Tripling Costs Could Have Built HVDC Across The Country
Fast forward six decades to 2013. The oil sands were in full swing, with live steam from natural gas cogen plants blasting a thousand meters down into buried deposits of sludge and grit, melting it sufficiently that it could be pumped to the surface where more steam, hot water, chemicals, and hydrogen turn it into something remotely resembling normal crude oil, albeit still very viscous and high in sulphur aka heavy and sour.
And so oil trains became a thing, to the delight of the CN and CP railroads, but not so much to the delight of anyone living along the tracks, or for that matter the major oil sands operators like Suncor. While trains are the cheapest form of transportation for most things, they are still more expensive per barrel than pipelines for oil. CNR was running 16-car connected tanker sets that it fills and empties from one end in 2011 when it was my client.
As the crow flies, although pipelines remarkably manage crookedly to avoid golf courses and gated communities but have a magnetic attraction for poorer and ethnic communities of all kinds, the oil sands are about 3,000 km from Houston’s heavy oil refineries. But the Trans Mountain runs west to the Pacific. For those with vague memories of geography class, Houston isn’t on the Pacific, but on the Gulf of Mexico.
Part of the equation that’s politically problematic is that climate science has spoken, and Canada’s oil reserves have to stay in the ground if we are going to keep under 1.5° Celsius of warming. But the deal wasn’t enough to get movement on the pipeline. Time passed. Much opposition remained. 2018 arrived. Kinder Morgan made it clear that it wasn’t interested in continuing with the expansion. And rich business guy Bill Morneau was Finance Minister. He was a Bay Street guy. He loved deals. And he managed to sell Trudeau and the like on the merits of buying Kinder Morgan out and tripling the pipeline as a strategic national asset. So Canada did, dumping $4.
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