How Canada’s oil industry will pay for new pipeline project
The federal government is spending $1 billion on a new pipeline to supply oil and gas to the eastern coast of North America.
The proposed pipeline, called the Westridge, would carry natural gas from the eastern United States to a terminal in the B.C. area.
The project is the latest phase in Canada’s ambitious plan to diversify its energy sources.
The pipeline is the largest project of its kind in North America and Canada’s largest natural gas export project, according to the Canadian Energy Pipeline Association.
It would also be the first pipeline of its type in the world to carry Canadian oil, according the Association.
The government has promised to create jobs and invest $1.5 billion in the project over the next five years.
The Westridge project is expected to open by 2019.
The government has said it will spend up to $2.5-billion to build the pipeline, but has not provided any details.
It is expected the pipeline will also carry liquefied natural gas and natural gas liquids.
The first phase of the pipeline is expected in 2020.
Construction is slated to begin in 2019.
A preliminary cost estimate was released by the government in January, but details about the project have not been released.
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