From: brewnoser2@gmail.com   
      
   CBC News Posted: Jun 01, 2015   
      
      
   Kinder Morgan Trans Mountain pipeline expansion could cost Canada $22.1B, says   
   SFU study   
      
   Study says excess pipeline capacity not needed, project not in public interest   
      
      
   A new study from Simon Fraser University and Living Oceans Society says Kinder   
   Morgan's Trans Mountain pipeline expansion project does not meet the National   
   Energy Board's requirement of being in the public interest.   
      
   The study says the project, which would triple Kinder Morgan's capacity to   
   carry oil between Alberta and Burnaby, B.C., could come at a net cost to   
   Canada of between $4.1 billion and $22.1 billion.   
      
   Those costs are associated, not only with damage to the environment in the   
   form of oil spills and greenhouse gas emissions, but also with building too   
   much pipeline capacity, it says.   
      
   "Right now if you look at the projects that the National Energy Board has   
   approved or is under consideration, these pipeline projects will exceed demand   
   by about 2.5 million barrels per day by 2020," said Tom Gunton, SFU Director   
   of the Resource and    
   Environmental Planning Program, who led the study.   
      
   "Investing some $20 billion in potentially empty pipeline space imposes a very   
   large cost on Canada, to the oil and gas sector, to the Canadian public in   
   terms of reduced taxes and royalties."   
      
   Gunton and his team argue that, by creating unnecessary capacity and diverting   
   oil products from existing pipelines, oil and gas producers will lose out.   
      
      
   'Not, probably, the greatest thing to do'   
      
   Kinder Morgan stands by its own analysis of benefits saying the pipeline   
   expansion will increase revenues for producers by $45 billion over 20 years   
   while adding $14.7 billion in government revenue.   
      
   "Building projects that are bad for the environment and bad for the economy is   
   not, probably, the greatest thing to do," Gunton said.    
      
   This latest study follows two other reports released last week that were   
   similarly critical of the project, one from the City of Vancouver and one from   
   the Tsleil-Waututh First Nation.   
      
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