Canadian Prosperity Project
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Canadian Prosperity Project, also known as CP3, was a proposed oil pipeline project in Canada which is now presumed shelved.[1][2]
Location
The pipeline is proposed to run from Hardisty, Alberta to Saint John, New Brunswick, Canada.[1] It would pass through Saskatchewan, Manitoba, Ontario, and Quebec en route to a marine tanker terminal in New Brunswick.[2]
Project details
- Operator:
- Owner: Canadian Prosperity Pipelines Corporation[1]
- Parent company: Canadian Prosperity Pipelines Corporation[1]
- Capacity: 1.1 million barrels per day[1]
- Length: 4800 kilometers[1]
- Diameter:
- Status: Shelved[3]
- Start year: 2030[3]
- Cost: CAN$24 billion[1] (including marine terminal facilities)
- Financing:
- Associated infrastructure:
Background
The project was proposed in late 2019 on the heels of the cancelled Energy East Oil Pipeline.[2]
As of early 2023, the developer's old website (canp3.com) was not being maintained, and no development had been reported on the project for over two years. As a result, it is considered shelved as of 2021.
In addition, the developer's website now redirects to Canada ProsperUnity Corporation, which plans to establish a national corridor which will include" a new mid-Canada highway, a new rail system, an inter-connected and vastly upgraded power grid, a clean energy (ammonia, hydrogen and/or natural gas) transmission system and a modern digital telecommunications system."[4]It does not mention any oil pipeline project as of February 2023.
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Small company keeps hope of west-east Canadian pipeline alive". Canadian Energy Centre. Retrieved 2022-04-21.
{{cite web}}: CS1 maint: url-status (link) - ↑ 2.0 2.1 2.2 "New pipeline project seeks to succeed where Energy East failed - Context Magazine by CAPP". CAPP. Retrieved 2022-04-21.
{{cite web}}: CS1 maint: url-status (link) - ↑ 3.0 3.1 kgi-admin (2021-10-29). "Oil pipeline profile: Canadian Prosperity Project oil pipeline, Canada". Offshore Technology. Retrieved 2024-02-20.
- ↑ Canada ProsperUnity Corporation. "Canada ProsperUnity Corporation". Canada ProsperUnity Corporation. Retrieved 2023-02-28.
