Construction of the Trans Mountain expansion project between Alberta and B.C. is set to wrap up later this year, but with slowing oil production growth, developers would likely be hesitant to pitch another big oil export pipeline in this country.
Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion).