The railway said Tuesday it is working with the heavy oil producer to advance plans on the project Strathcona Resources has now dubbed Northern Express, “in collaboration with stakeholders and rightsholders,” CN Rail spokesperson Ashley Michnowski said in a statement. The $2.5-billion to $3.5-billion project could see an additional 250,000 barrels a day shipped to Asian markets via a new export terminal in Prince Rupert. (Bloomberg, The Logic)
Talking point: Strathcona chair Adam Waterous told The Logic last month that he hopes to see the proposed terminal referred to the Major Projects Office and designated as being in the national interest. A key hurdle for the project, however, will be whether Ottawa is willing to carve out an exemption from its ban on oil tankers off B.C.’s northern coast. Waterous has argued that the terminal could deliver new export capacity years ahead of the proposed Pacific Link pipeline and at a fraction of the cost. Some coastal First Nations and environmental groups have opposed lifting the ban, however, citing the risk of a spill to ecologically sensitive areas.
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