The Trans Mountain Pipeline, expanded to connect Canada's oilpatch to West Coast markets, is not running at full capacity due to high tolls linked to its skyrocketing costs. Initially bought by the federal government for $4.5 billion, costs surged to $34 billion during development, creating tension between oil companies and the Crown corporation over shipping charges. The Canada Energy Regulator will investigate these toll disputes, as oil companies may seek alternative routes if costs are prohibitive. CEO Mark Maki believes the pipelineâs underperformance indicates a burgeoning supply in Western Canada and not a failure of the system itself.
The Trans Mountain Pipeline has downgraded its flow forecasts, highlighting industry tension over rising toll costs and the impact on oil exports from Western Canada.
CEO Mark Maki views the capacity issue as a reflection of increased supply in Western Canada rather than an operational problem with the pipeline.
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