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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Canada Regulator Issues Order to Trans Mountain Over Communi
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Post by Carjack on Jul 11, 2023 2:01pm

Canada Regulator Issues Order to Trans Mountain Over Communi

(Reuters) — The Canada Energy Regulator issued an "Inspection Office Order" to Trans Mountain for not adhering to an approved plan to monitor the impact of the Trans Mountain Expansion Project on local communities during construction.

A review found that Trans Mountain was not able to incorporate "qualitative data related to workers and local business accommodations in the North Thompson Region", as approved in its Socio-Economic Effects Monitoring Plan, the CER said on its website on Monday.

Trans Mountain could not immediately be reached for comment.

The Trans Mountain expansion (TMX) project will nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day (bpd). The original pipeline ships around 300,000 bpd of mainly light crude to the U.S. West Coast.

The troubled C$30.9 billion ($23.5 billion) project, bought by the Canadian government in 2018 to ensure it was completed, is nearing completion more than a decade after it was first proposed as an expanded gateway to Asia.

 
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