Oil shippers seek regulator's order to explain Trans Mountain pipeline's cost overrun from $7.4B in 2017 to over $30B.

Oil shippers demand explanation for Trans Mountain pipeline cost overruns - A group of oil shippers is asking the Canada Energy Regulator to compel Trans Mountain Corp., the company behind the Trans Mountain pipeline expansion, to provide details on the escalating construction costs of the project, which have increased from a 2017 estimate of $7.4 billion to over $30 billion. The shippers are seeking an order from the regulator requiring Trans Mountain Corp. to provide more information about the reasons behind these cost increases.

March 14, 2024
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