PI Global Investments
Alternative Investments

Canada clears $4 billion sunrise pipeline as first big test of faster approvals


He said Sunrise will increase supply for heating buildings, supply gas for power generation and industrial and manufacturing processes, and ensure enough LNG supply.  

Hodgson said the project will add more than $3bn to Canada’s GDP and support about 2,500 jobs at peak construction. 

According to CBC News, He added that by spring 2027 he expects more projects in the major projects office and at least five to 10 new projects reaching final investment decision or breaking ground. 

Enbridge calls Sunrise “a shovel-ready, critical natural gas infrastructure project that supports the advancement of Canada’s energy superpower ambitions,” in the words of CEO Greg Ebel in the company’s release.  

The company said gas on the Westcoast system heats homes, hospitals, businesses and schools, and supports power generation, industrial activity across BC and global LNG exports.  



Source link

Related posts

Private Markets at Scale: How Alternatives Managers Build an Operating Edge

D.William

Fund Update: New $18.1M $VTV stock position opened by BARINGS LLC

D.William

Private Equity Gets the Green Light to Raid Workers’ Retirement Accounts

D.William

Leave a Comment