Ivison: Secret Foreign Deal Could Slash Propane Exports and Leave Canadians Worse Off
Part of his strategy for economic transformation, Mark Carney stated that his administration aims to create “port facilities, logistics networks, and new trading routes” to aid in broadening Canada’s overseas sales channels. The Port of Prince Rupert, located on the northwestern coast of British Columbia, asserts it is undertaking this with a $1.35 billion initiative known as the Ridley Island Energy Export Project (RIEP) That is anticipated to be finished by next year. The Prince Rupert Port Authority (PRPA) claims it has granted "time-limited exclusive rights" for exporting LPGs (which encompass liquid petroleum gases like propane and butane) to REEF, a partnership between companies. Vopak Royal from the Netherlands and AltaGas based in Calgary . Upon launching in its first stage, the port authority states that REEF will offer the capability to handle seven million metric tons of bulk liquid energy products for export, primarily propane, which comes via rai...