The financial centre of the oilpatch is applauding Ottawa's approval of two massive pipeline developments, saying the decisions send a message that Canada is open to investment at a time when the economy sorely needs it. Tim McMillan is the head of the Canadian Association of Petroleum Producers. He says the approval of Kinder Morgan's Trans Mountain project paves the way for more exports to Asia, and increased development at home. (Prime Minister Justin Trudeau has also approved Enbridge's Line 3 replacement project, but he rejected the company's Northern Gateway pipeline.)

Date: 2016-11-29
Placeline: CALGARY.
Source: The Canadian Press
Length: 14 seconds

Transcript Prediction: << Canada's reputation as a place that can move projects forward took a step forward today and if India and China are looking for a more reliable source for oil that has high environmental standards and it is the obvious choice >>

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