But while encouraging, the approval is far from a cure-all for Canada’s embattled energy sector. The Trans Mountain pipeline expansion, which will run between Edmonton and Burnaby, B.C., was first approved by the federal cabinet in 2016 after a five-year approval process that included environmental assessments and Indigenous consultations. In sum, various compounding issues weigh heavy on Canada’s energy sector. With today’s Trans Mountain approval, one weight has lifted after years of missteps by Ottawa and several provincial governments. While a positive move, it alone is not enough to restore investor confidence in our energy sector.

Source: National Post June 18, 2019 21:04 UTC