Carney and Smith want a new pipeline. So far, no company has stepped up to make it

For whether Canada needs a new oil pipeline, one thing is missing: A company wants to make it.

In juneAlberta Premier Daniel Smith said that there was “no proposer” and there was no proposal on the table by any company, but promised, “will be soon.”

So far, it is still physical.

Federal government is opening Major Project Office in Calgary With the mission of identifying important infrastructure projects and rapidly tracking their development. The preliminary list of what Ottawa has considered national-building projects is expected to be released later this week.

The Alberta government is eager to see a new pipeline in that list, especially Prime Minister Mark Carney said that it is “highly, highly probable” that such a proposal cuts.

Alberta Energy and Mineral Minister Brian Jean says he is encouraged by Ottawa’s eagerness to help the development of a major new export pipeline from Alberta to BC coast.

“I am glad to see that they recognize the need for that pipeline, the demand for that pipeline and the reality of that pipeline to reach Tidwatter would be really good for BC, Alberta and Canada,” Jean said on Friday morning with the minister of Canada’s energy and natural resources.

currently, nobody Major pipeline companies have announced such a project or publicly expressed a desire to develop a large new oil pipeline in Western Canada.

The absence of a pipeline proposal, in some ways, makes sense, consider their cost, complexity and History Among the failed and upset projects in the last few decades.

Only a handful of companies have experience, ability and deep pockets to develop and build an export pipeline, and they will need to be ready to be tens of billions of dollars and possibly a decade to carry forward such an enterprise.

Recently trans mountain expansion ignore Strugglers can withstand developers, such as frequent delays, large -scale cost overran and frequent opposition. Ottawa had to protect it failure,

Grant Sprag, a former Deputy Minister in Alberta, said, “I hope we have found companies that are working hard and are going to put forward projects. But, of course, we do not know at this point.”

‘Why are the supporters not coming forward’

Developing a pipeline project is a complex process, he said, given the work required to plan an accurate route, talk to dozens of local communities, and evaluate whether oil producers will actually sign the contract to use the pipeline.

He said, “This is not a 15 -minute conversation and we are away from the race. That real hard work is needed and people need to be convinced,” he said.

“I don’t care if it is a road, transmission lines or a pipeline, people want their input along the route.”

The full point of the office of major projects is to cut at a time when federal regulators feel to assess the proposals of infrastructure in the hope of completing Carney’s election night. Pledge “Building, children, to build.”

This may include various types of projects from ports and nuclear power plants to new mines and pipelines.

Oil production continues in Alberta and sets new records. Export pipelines can be filled by 2030, according to some Forecast,

At the same time, oil prices have been relatively weak compared to average over the last five years.

“This is not the world of 2010 or 2004 or 2005, when everyone in the world wanted to create a new project in oysands and they are just clumming for pipeline space,” said Andrew Leach, an energy and environment economist and a professor at the University of Alberta.

“You have many reasons that are not coming forward to supporters.”

Continuous interest in oil

In front of the American tariff, the federal government increases the desire to kick the economy and diversify business partners.

“The Prime Minister will have to develop new markets for Canadian products including oil,” said Warren Mabi, director of the Institute for Energy and Environmental Policy at Queen University.

Mabi said that oil has been a big money-producer for the country, which is why some politicians are interested in making another pipeline. One Report During the first year of the operation, the financial benefits of more than $ 12 billion Trans Mountain Extension Pipeline were judged for the industry and the government.

He said, “The world can change a lot in the next 50 years, but now people want oil and people are ready to pay a lot for it.”

Nevertheless, the construction of a new pipeline will raise questions about whether the country is serious about infection in cleaner energy, Mabi said.

Companies can also be discouraged by proposing a new pipeline, he said, knowing how much opposition can happen there, such as Protest A natural gas pipeline in BC, against the trans mountain expansion and coastal gallink

He said, “Another project on the heel (of these pipelines) is very likely to face a lot of pushbacks from those groups,” he said.