Ramp Metals stock surges on Sprott backing for Saskatchewan project
Ramp compares its project with the eye structure of the Nova-Bollinger nickel-copper mine in Western Australia.
Enbridge’s (TSX: ENB) Northern Gateway proposed pipeline is likely to be approved next year and it will be running by 2018, a company official told CBC News Wednesday.
However, the Calgary-based company acknowledges the path will be full of obstacles as issues around oil and gas development and general scepticism over energy projects, are now front and centre of public debate.
The most recent attack to the project came from the US this morning, when conservation group Forest Ethics launched a website in Seattle, featuring real-time tracking of all tankers in and out of Kinder Morgan’s (NYSE:KMP) Westridge terminal in B.C. — the terminus of its Trans Mountain pipeline from Alberta.
Forest Ethics U.S. spokesman, Matt Krogh, says the website is the start of a cross-border campaign to oppose the two Canadian projects.
While neither Trans Mountain nor Northern Gateway projects cross the border, the organization says the additional 700-plus tankers that would move the oil in the Pacific’s waters are a concern for U.S. citizens.
Forest Ethics’ “Save our Shores” campaign
Enbridge’s $5.5 billion Northern Gateway project includes two pipelines running 1,177 kilometres to carry 525,000 barrels of oil per day from Alberta to BC’s north coast.
Kinder Morgan’s proposed expansion of its existing Trans Mountain duct would increase its capacity from 300,000 barrels a day to 890,000.
Image by rickz
3 Comments
bongo bum
If the USA does not take advantage of this Canidan oil sands then we are bigger fools than everyone thinks that we are! What in the ‘hell’ are we thinking anyway? It would be a lot safer and cheep to buy this oil from a friendly neighbor than continue to pay the inflated prices that we have to pay from the ‘Rag – Heads’ in the middle east who would slit our necks for nothing in a heartbeat! The Canidans are doing us a big favor, lets take advantage of it and to ‘Hell’ with the tree huggers from Calif.!!!!!
NoTarSands
Well, I have news for you: there will NEVER be a tar sands pipeline to the West coast. Even if approved by the Harper government, this project will be fought in court and in the woods for a decade to come.
jane
pipe line controversy in the news
now the 4th train derailing disaster with oil/gas in Canada in the last 6 months.
April in ONT, July in Quebec, Sept in Sask, Oct in Alberta.
the power brokers are creating the problem. derailing trains.
how many more derail disasters will there be, before the public demands something be done.
and low and behold, the power brokers get their pipe line.
they create a problem, they wait for the cry – something must be done.
they suggest a solution – pipeline vs. trains
and low and behold – they get their pipeline.