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Trans Mountain Expansion Faces Cost Increase
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Overview
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Trans Mountain pipeline project targets second-quarter completion with costs rising by 10%, now estimated at over C$30.9 billion. The expansion aims to triple crude flow to 890,000 barrels per day from Alberta to the Pacific Coast.
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How might the cost escalation impact the profitability and viability of the Trans Mountain expansion?
In what ways could the increased capacity of the pipeline influence oil markets and supply chains?
What regulatory or environmental challenges could further delay or affect the project's completion?
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