CALGARY—Canada’s energy industry welcomed news on May 29 that the Trans Mountain expansion pipeline is more likely to be built, but expressed grave misgivings over Ottawa’s decision to buy the project for $4.5 billion in order to achieve that goal.
Canada needs infrastructure like that designed to triple Trans Mountain’s capacity to move crude oil and refined products from the Alberta oilsands and Edmonton refining complex to the West Coast, said Chris Bloomer, CEO of the Canadian Energy Pipeline Association.
