Canada to boost output of trans mountain oil pipeline before selling

The Canadian government will likely look at selling equity in the state-owned Trans Mountain Energy Minister Tim Hodgson said.

The Canadian government will likely look at selling equity in the state-owned Trans Mountain oil pipeline only after steps are taken over the next few years to maximize its output, Energy Minister Tim Hodgson said.

The government purchased the pipeline in 2018 to ensure a major expansion was built. The project ballooned in cost to about $34 billion, but it opened last year and roughly tripled the pipeline’s capacity to bring crude oil from Alberta to a port near Vancouver.

Former Prime Minister Justin Trudeau, who oversaw the purchase, consistently said the government did not intend to be the long-term owner of Trans Mountain and would seek to sell it to the pri