Trans Mountain’s Rising Shipping Costs Draw Oil Producer Ire
- BP, Suncor among drillers objecting to proposed tolls, fees
- Project’s cost has soared more than fivefold to C$31 billion
A worker stands on a concrete berm at the Trans Mountain Pipeline expansion project at the Burnaby tank farm in British Columbia.
Photographer: Darryl Dyck/BloombergThis article is for subscribers only.
Some of the largest oil producers in Canada are objecting to potentially rising costs and fees to ship their crude on the expanded Trans Mountain pipeline, underscoring growing disappointment with the highly anticipated project.
BP Plc, Suncor Energy Inc., Canadian Natural Resources Ltd., Cenovus Energy Inc. and PetroChina have filed letters with the Canada Energy Regulator voicing concerns about how much of the project’s cost overruns they’ll have to pay for as well as how the pipeline plans to handle fees for late shipments. Trans Mountain will provide a reply to comments by Friday, the company said by email.