Some facts about the Northern Gateway project, which the federal government conditionally approved on Tuesday:
Cost: Estimated to be $7 billion, but that figure has been increasing.
Route: Twin pipelines would run 1,177 kilometres from Bruderheim, just outside Edmonton, to a tanker port in Kitimat, on the northern coast of B.C.
Oil: A westbound pipeline would carry up to 525,000 barrels a day of synbit, a blend of refined synthetic oil and bitumen, two types of dilbit and synthetic oil to Kitimat for export.
Condensate: A second pipeline heading east would carry 193,000 barrels per day of natural gas condensate, which is used to dilute the molasses-like bitumen to allow it to flow through pipelines.
Terminal: The Kitimat Marine Terminal would include two ship berths and 19 tanks to store oil and condensate. It would have the capacity to serve about 220 tankers per ye
Consortium: Northern Gateway Pipelines is a limited partnership. Calgary-based Enbridge (TSX:ENB) has a 50 per cent stake. The rest belongs to 10 private investors.
Partners: Four of those investors remain confidential. National Energy Board documents reveal the other six are: French oil company Total; Suncor (TSX:SU); MEG Energy; Cenovus (TSX:CVE); Nexen (TSX:NXY), the Calgary company taken over last year by Chinese state-owned China National Offshore Oil Co.; and Sinopec, China's largest oil company
Whoever the "genius" is that gave the foregoing post the (always popular) thumbs down...PLEASE post why you think it lacks merit or is offbase. I for one would LOVE to read how you think there won't be any further protests, delays or gong show antics. Enlighten me.
Caveat: Should there be a future CBR derailment ---- especially on the BC lower mainland ---- the silent majority will likely mobilize and demand that the nutbars sober up about pipelines rather quickly.