$150B in lo st investment opportun ity

Here are some of the major Canadian energy projects over the past few years that never saw the light of day. Together, they make up around $150 billion of lost investment opportunity that would have generated taxes, jobs and businesses for the domestic economy. Frontier Oilsands Mine: $20.6 billion, Teck Resources Ltd. The mine in northern Alberta, expected to produce 260,000 barrels of oil per day, was cancelled amid a battle between Ottawa and Alberta over climate issues, a lack of pipeline capacity and low oil prices.

Northern Gateway: $7.9 billion, Enbridge Inc.

The proposed pipeline to bring 525,000 barrels of oil per day from northern Alberta to Kitimat, B.C., was approved by Stephen Harper’s Tory government in 2014, but was quashed by the courts two years later and rejected by the Liberal government in 2016.

Energy East: $ 16 billion, Transcanada Corp. ( TC Energy Corp.)

The proposed pipeline to carry 1.1 million barrels of crude oil per day from Alberta and Saskatchewan to New Brunswick refineries faced heavy opposition in Quebec and Ontario. Transcanada, which had been asked to restart environmental reviews, scrapped the project in October 2017.

Pacific Northwest LNG: $36 billion, Petronas Bhd.

The proposed LNG pipeline and export terminal in Prince Rupert, B.C., was to export as much as 18 million tonnes of natural gas per year. High investment costs and plummeting global prices reduced the feasibility of the project, which faced a lengthy environmental review process. It was cancelled in July 2017.

Aurora LNG: $28 billion, Nexen Energy

The LNG export terminal, to be built south of Prince Rupert, B.C., was expected to handle between 10 to 12 million tonnes of natural gas each year. It was scrapped in September 2017.

Prince Rupert LNG: $ 16 billion, Royal Dutch Shell

The proposed LNG export facility in Prince Rupert, B.C., was to have an export capacity of up to 21 million tonnes per year. It was cancelled in March 2017, after developer BG Group was acquired by Royal Dutch Shell. Shell said it was cancelling the project to focus on its other B.C. LNG project in Kitimat.

WCC LNG: $ 25 billion, Exxon Mobil Corp.

A .LNG export facility in Prince Rupert, B.C., was to export 15 million tonnes of natural gas per year, with room to expand to up to 30 million tonnes per year. The project was shelved indefinitely in December 2018.