Terminal: Mountain and Burnaby

terminal: An aerial view of the Trans Mountain marine terminal, in Burnaby, B.C. JONATHAN HAYWARD / The Canadian Press Tim McMillan, president and CEO of the Canadian Association of Petroleum Producers CAPP a lobby group representing the Canadian oil industry, said the ruling shows investors in the global energy market that Canada is an uncertain place to do business and is perhaps best avoided, according to The Toronto Star. Global investment in oil and gas development is growing substantially right now, but in Canada we're continuing to decline our investment, he said. The decision, handed down by the Federal Court of Appeal, forces the Canadian government to restart a third phase of consultation and consider the environmental effects of increased shipping due to oil tanker traffic before the project can move ahead. We have global markets we can't tap into because we can't get the infrastructure built in a timely fashion. The former was intended to pump diluted bitumen from Western Canada to the East Coast, but Trans Canada ended up scrapping the project last October. McMillan cited the cancellation of the Energy East and Northern Gateway pipelines. (news.financializer.com). As reported in the news.