Canadian energy board backs Kinder Morgan Pipeline Expansion
Last week, Canada’s National Energy Board (NEB) approved Kinder Morgan’s controversial Trans Mountain Pipeline Expansion Project, which will see crude oil transported from Alberta’s oil sands region to British Columbia.
The NEB has urged the Trudeau administration to give the project the green light, provided 157 conditions are met.
The expansion comes in the form of an addition to an existing pipeline, and could triple capacity from 300,000 to almost 900,000 barrels of oil per day.
Environmentalists have long opposed the expansion, citing increased greenhouse gas emissions and the potential for major oil spills, while some Indigenous groups have indicated that the presence of the pipeline will disrupt their traditional ways of life.
The Canadian government is not scheduled to issue a verdict on the project until the end of this year to allow time for further consultation with concerned or affected communities.
Ian Anderson, President of Kinder Morgan Canada, said: “Trans Mountain is pleased with the NEB’s recommendation. The decision is the culmination of a lengthy and thorough regulatory review process and considers the many thousands of hours of environmental and technical studies, scientific evidence and community engagement that has been part of this comprehensive assessment.
“After an initial review of the report, Trans Mountain believes the 157 project-specific conditions, many in response to input from intervenors, are rigorous and appear to be achievable.”
The Conference Board of Canada has estimated that the project will generate $46.7 billion in government revenues and the equivalent of 40,000 jobs each year over more than 20 years.
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Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.