Canada’s energy regulator has denied Trans Mountain’s request to expedite a nearly threefold increase in shipping fees for energy companies. The pipeline project, owned by Crown corporation Trans Mountain, had submitted an application to the Canada Energy Regulator in June seeking an increase in toll rates from $4 per barrel to nearly $11 per barrel. However, the regulator agreed with energy companies’ position to allow more time for investigation into the proposed tolls. The regulator aims to ensure that tolls are always fair and reasonable, with an emphasis on a robust hearing process. The rejection of the shipping cost increase presents further uncertainties for the embattled project, which already faces opposition from environmentalists, Indigenous groups, and analysts due to its escalating costs.
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