Canada's Liberal government will this year deliver on its pledge for a moratorium on oil tanker traffic along the northern coast of British Columbia, CBC News reported on Nov. 4.
Transport Minister Marc Garneau confirmed the plan in an interview with CBC Radio's "The House," the broadcaster said on its website.
Canadian Prime Minister Justin Trudeau last year instructed Garneau to formalize the ban on oil tanker traffic, effectively slamming the door on a pipeline project that was already facing massive development hurdles.
The ban is one of several obstacles to the building of Enbridge Inc.'s (NYSE: ENB) Northern Gateway pipeline, which would carry oil sands crude from near Edmonton, Alberta, to a deepwater port at Kitimat, British Columbia, for export to Asian markets.
Separately, Garneau said the government was looking at a recommendation that it privatize airports, but that "it's not a front-burner exercise" and people should not jump to any conclusions, CBC said.
Recommended Reading
Energy Storage Gets Boost
2023-03-15 - A tax credit for stand-alone utility-scale battery energy storage introduced in the Inflation Reduction Act is luring investment.
Upgrading Rules and Standards to Bolster the Energy Transition
2023-05-08 - To have a successful energy transition and deliver succinct, clear and achievable regulations, policymakers must lend an ear to the industry experts.
Commentary: Capital Markets Don’t Care What We Think About ESG
2023-04-12 - Whether the energy industry likes it or not, ESG data and disclosures are becoming deeply embedded within capital access, and now, even insurance.
Report: Post-IRA Clean Energy Investment Surges Past $150 Billion
2023-04-18 - The Inflation Reduction Act likely spurred 46 new or expanded utility-scale clean energy manufacturing facilities that, if brought to fruition, would represent $150 billion in investment, according to a new report.
Canada and Europe Race to Keep Pace with US in CCS
2023-04-06 - Canadian and Europeans Scramble as the U.S. Inflation Reduction Act and Bipartisan Infrastructure Law incentives ‘will turbocharge investment’ domestically.