TMX ?? Trans Mountain pipeline warns of 2-year delay, asks Canadian regulator to reverse decision
Reuters
·1 min read
WINNIPEG, Manitoba, Dec 14 (Reuters) - Canadian government-owned Trans Mountain Corp asked the Canada Energy Regulator (CER) on Thursday to reverse this month's decision to reject its request for a variance in construction of an expansion of its oil pipeline, warning of a possible two-year delay and billions of dollars in losses.
If Trans Mountain proceeds with the construction plan that is currently approved, complications could result in a borehole for the pipeline becoming compromised, forcing Trans Mountain to find an alternative installation plan, the corporation said in a letter to the CER. (Reporting by Rod Nickel in Winnipeg, Manitoba; editing by Jonathan Oatis)