New law would allow Alberta to restrict flow of oil and gas

New law would allow Alberta to restrict flow of oil and gas

New law would allow Alberta to restrict flow of oil and gas

Notley says the move is not created to punish B.C. for delays in the Kinder Morgan Trans Mountain pipeline expansion, but that Alberta is "very committed to putting pressure on come around and focus on what this pipeline actually means".

Alberta's proposed legislation would require energy companies to get an export licence for natural gas, crude oil and refined fuel like gasoline or jet fuel.

According to the National Energy Board, most of the gasoline consumed in B.C. comes from Alberta, delivered primarily by the existing Trans Mountain pipeline. Alberta said the $7.4-billion pipeline to the West Coast gives the province access to overseas markets.

Given this authority, Alberta Energy Minister Margaret McCuaig-Boyd could tell a company it can't ship as much gasoline as before.

Fines for companies that disobey the orders will go up to $10 million per day - and for individuals, up to $1 million per day. Ms. Notley acknowledges the legislation is likely to attract a legal challenge but the legislation will withstand objections. Now the pipeline transports both crude oil and refined fuels.

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Depending on how far Alberta is willing to go, McTeague says rationing of diesel and jet fuel may be considered to limit damage to the BC economy.

Currently, Alberta ships 44,000 barrels of gasoline and diesel to B.C. through the Trans Mountain pipeline every day, a little more than half of the total 80,000 bpd of refined products shipped to B.C.

The B.C. government will now take time to review the legislation before deciding on a course of action, Eby said.

The bill does not stipulate any location to which crude oil or refined products can not be exported through the pipeline, said Mike McKinnon, a spokesman at the energy ministry.

"While regrettable, this legislation is necessary in the circumstances to continue applying pressure to British Columbia", said Gary Leach, president of the Explorers and Producers Association of Canada. The energy minister has the mandate to decide, he said.

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Kinder Morgan said last week it was stopping on non-essential spending on its proposed Trans Mountain expansion until it has regulatory certainty.

Kean also gave an end-of-May deadline for resolving the situation.

Burnaby Mayor Derek Corrigan said he expects resistance to the twinning of the Trans Mountain pipeline to grow after Trudeau stated he would use federal financial and legislative power "to remove the uncertainty around the project". It could turn into a constitutional crisis, derail Prime Minister Justin Trudeau's energy strategy and dent business confidence.

Notley, Trudeau and B.C. Premier John Horgan met in Ottawa on Sunday in an attempt to resolve the dispute without success.

"The larger issue is the crisis in confidence that investors can not rely on the rule of law in Canada for investment of their capital, especially if the government must resort to taking a financial position in the project to ensure it proceeds", Petroleum Services Association of Canada president Tom Whalen said in a release Monday.

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