finance
Canadian Government Approves Enbridge's $4 Billion Natural Gas Pipeline Expansion in British Columbia
The federal government has approved the Sunrise Expansion Program, a $4 billion natural gas pipeline project proposed by Enbridge in British Columbia. The 139-kilometre expansion will add up to 300 million cubic feet of LNG capacity and generate over $700 million in tax revenue. Construction is set to begin this summer.
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The federal government approved the Sunrise Expansion Program on Friday, a $4 billion project in British Columbia proposed by Enbridge, energy and natural resources minister Tim Hodgson announced. The project involves a 139-kilometre expansion of British Columbia's current natural gas pipeline network, adding up to 300 million cubic feet of liquefied natural gas capacity. U.S.
Border. The government estimates the project will generate over $700 million in federal and provincial tax revenue. Hodgson stated that the project will be the first net-zero LNG facility in the world.
"This project will enable us to heat more homes, businesses, hospitals and schools while bolstering British Columbian industry, including for LNG, and creating thousands of jobs," Hodgson said. Construction on the project is set to begin this summer, according to the ministry. The approval allows Enbridge to proceed with upgrades to its existing pipeline infrastructure for natural gas transport.
The expansion focuses on increasing the system's capacity to meet growing demand for natural gas.
