Two Topics: MOU with Iran and a Tour of the Westridge Marine Terminal
This week on the podcast, Peter and Jackie begin with the big news of June 14th: the United States and Iran have reached a preliminary agreement to end the war, which takes the form of a memorandum of understanding (MOU). While the agreement leaves numerous details to be settled, both sides expect that shipping will resume through the Strait of Hormuz as a result.
They then recap last week’s episode with the Honourable Brian Jean, Alberta’s Minister of Energy and Minerals, and his optimism about changes in the province that are expected to shorten regulatory timelines and advance a West Coast oil pipeline application toward submission in July. Peter and Jackie also discuss Alberta’s referendum question this fall on separation, and how foreign investors may view it.
On June 9, 2026, Peter Tertzakian toured Trans Mountain’s Westridge Marine Terminal in Burnaby, British Columbia, which exports Western Canadian crude oil to tidewater. Peter shares some of what he learned, including comments from people working at the terminal on safety, tanker filling times, and the project to deepen the channel, which would increase the amount of crude oil that can be loaded onto each ship.
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Episode 330 transcript
Disclosure:
The information and opinions presented in this ARC Energy Ideas podcast are provided for informational purposes only and are subject to the disclaimer link in the show notes.
Announcer:
This is the ARC Energy Ideas podcast, with Peter Tertzakian and Jackie Forrest, exploring trends that influence the energy business.
Jackie Forrest:
Welcome to the ARC Energy Ideas Podcast. I’m Jackie Forrest.
Peter Tertzakian:
And I’m Peter Tertzakian and welcome back. Well, it’s a Monday morning. And you know what? I’m in a surprisingly good mood. I don’t know why, honestly.
Jackie Forrest:
Oh, maybe ’cause like the Iran War.
Peter Tertzakian:
Yeah, that’s right. Maybe that’s it.
Jackie Forrest:
Maybe the Strait is opening.
Peter Tertzakian:
The SpaceX IPO. Did you get some shares?
Jackie Forrest:
No, no, but I’m kind of regretting it now. They were up like 30% over the IPO, which was already a pretty high valuation. Yeah.
Peter Tertzakian:
The stock’s going to Mars.
Jackie Forrest:
Yeah. I guess it’s being priced in.
Peter Tertzakian:
Yeah, it’s priced in.
Jackie Forrest:
The whole setting up a human establishment on Mars.
Peter Tertzakian:
Yeah. Mining in Mars, I don’t know. I don’t know what the cashflow spreadsheets look like on that one, but anyway, hats off. It’s Elon Musk who has revolutionized the auto industry, the internet, satellite, and now space, which is related to that. So actually whatever you think of the guy, you just have to admire how one person can just completely revolutionize not one, but at least three industries.
Jackie Forrest:
I guess, yeah. And how the vision, his vision can get people putting their money. He’s raised a lot of money, so we’ll see what he does with it.
Peter Tertzakian:
I encourage people to read his biography because it talks about the origins of SpaceX and how just a handful of people were going to some remote island and just launching rockets and every single one of them failed. And just the tenacity of continuing on and getting to where SpaceX is now is just … SpaceX on its own, let alone Tesla, just remarkable entrepreneurial stories.
Jackie Forrest:
Well, and Starlink as well.
Peter Tertzakian:
And Starlink.
Jackie Forrest:
Yeah.
Peter Tertzakian:
Yeah. Yeah.
Then there’s the FIFA World Cup. I mean, there’s no shortage of things that were going on this weekend.
Jackie Forrest:
Yeah. We were just saying this is like the sports lovers weekend. You had FIFA, you had basketball championships, Stanley Cup Championship, Formula 1.
Peter Tertzakian:
Cage match. Cage match.
Jackie Forrest:
Oh, the cage match at the White House, which I couldn’t see on TV. I found out after. I guess I had needed to subscribe to something else to see it. So I’m sure there’ll be some video for you.
Peter Tertzakian:
Well, and there was Spruce Meadows. I was out at that. So you can still-
Jackie Forrest:
Oh, Spruce Meadows. True. That’s right.
Peter Tertzakian:
So you can throw that in there, right?
Jackie Forrest:
Yeah, this is crazy.
Peter Tertzakian:
And then of course, to cap it all off, some sort of agreement in the Middle East.
Jackie Forrest:
Yeah. So Sunday we had news, that was June 14th, that Iran and US have an agreement for free shipping through the Strait. Now, the full details of the agreement are not really available, though I did hear a New York Times reporter kind of give a bit more detail on it this morning. But yeah, three and a half months after the start of this whole thing and on Donald Trump’s 80th birthday.
Peter Tertzakian:
There you go.
Jackie Forrest:
Is his present. We get this-
Peter Tertzakian:
That’s really, I mean, it’s an agreement, but it’s more an MoU, just like the Canadian MoU, memorandum of understanding, which is let’s understand to continue to negotiate. We have 60 more days to do it, to try and come to some agreement on the uranium, the nuclear issue.
Jackie Forrest:
Yeah. Well, and we don’t know all the details too, ’cause there’s also the issue of the sanctions relief that Iran as well. Not only is there a bunch of their money held up in bank accounts around the world that they don’t have access to, but they also have sanctions on exporting their oil and other products. So we’ll see.
You have to think it’s fragile because it was just a week ago over the last week we’ve had numerous kinetic warfare going on, and so let’s hope that this really means that we can get the Strait open. I think that’s the most important thing right now. Yes, they have to make all those other agreements, and to me the deal can be fragile if they disagree on those things. But if we can get the oil flowing. Already the price of oil for WTI is down to $80 or so. So already a big change in the price of oil.
Peter Tertzakian:
But the long end of the curve to the end of the year is still in the mid, I think it’s around 76, 77, and by the end of 2027, it’s still above 70. So the market is indicating that we’re not going back to where we were before the conflict started, that it’s going to take quite a while for the oil to start flowing back normally. And also, I don’t think insurance rates and all the other extra costs of security and what have you are going away anytime soon. I mean, again, this is just a memorandum of understanding that takes us back to the negotiations where we were before the conflict started.
Jackie Forrest:
Yeah. It’s like back to where we … Well, even actually we’re not as good as before the conflict started because before nobody thought Iran could, including themselves, could actually shut down the Strait.
Peter Tertzakian:
Yeah.
Jackie Forrest:
So now that’s a threat. I actually predict that oil price may start to climb again as it’s recognized by the market that inventories are quite low, probably will continue to be reduced over the next quarter or more because it’s going to take some time to ramp up the production from these countries, even in a best case scenario. It’s going to take time to relocate all those tankers to move back into the Strait.
Peter Tertzakian:
Sure.
Jackie Forrest:
In terms of insurance costs, I guess if it’s proven that this works and there’s no risk, maybe insurance costs eventually do come down, but I think the market will realize, “Well, wait a second, we’re a few months into this. Strait maybe it’s not moving as fast as it was before. Inventory is still drawing. Maybe price will actually come up a little bit in the near term before the market cuts back to a more healthy, stable situation and when this agreement is deemed to be more durable.”
Peter Tertzakian:
Right.
Jackie Forrest:
It’s early days.
Peter Tertzakian:
It’s true.
Jackie Forrest:
But it is good news.
Peter Tertzakian:
Well, yeah. I mean, any end to conflict or discussion to end conflict is good news. It is not healthy to have really high oil prices, nor low oil prices, nor insecurity in the world. So that’s all good.
Jackie Forrest:
Yeah. And I would say although there was a number of factors that meant inventories didn’t draw as much as people first expected, if this continued on, different estimates of when the inventories would start to get really, really low. But eventually we would have had high prices, which wouldn’t have been even higher than what we had, back to kind of 150, 160. And so I think that it’s great news. That’s not good for anyone really.
Peter Tertzakian:
No, but having said that the margins for error are still now much lower. In other words, we’ve drawn down strategic petroleum reserves. There’s talk of hitting the tank bottoms now that may be moderating as a consequence of this memorandum of understanding, but still on the other side of the world, there’s still shortages-
Jackie Forrest:
And things won’t be going as fast. In fact-
Peter Tertzakian:
… of petroleum products.
Jackie Forrest:
This is a piece of data from Rory Johnston from Commodity Context saying that even in a best case scenario that everything sort of starts up and gets to full capacity in three months. There’s 1.8 billion barrels that wasn’t produced this year that would have been otherwise. And so that puts inventories in a much lower state. That’s obviously good for oil prices, but it does mean there’s less of a spare capacity for other kind of upsets that happen, or if the Strait gets closed again.
Peter Tertzakian:
Let’s talk about the podcast from last week with Minister Jean, Minister Brian Jean, Minister of Energy for the government of Alberta. You had a great session with him. And while you were doing that, actually I was having some fun on a field trip, which we will talk about shortly. But let’s talk about his comments. How were they received?
Jackie Forrest:
Overall, it was a pretty bullish, I guess, view of Alberta and its opportunities as we go forward. He talked about the million-barrel-a-day pipeline and talked about it is doable. There seems to be people that want to finance it. He talked about indigenous support. So that was good.
He also talked about how fast the regulatory system could be talking about 120-day approvals for Alberta projects. And even with the MoU, when you think about if this oil pipeline gets submitted to the major projects office on July 1st, Canada Day, and it actually is able to start construction by September 2027, that would be about a 14-month period. I mean, that’s very different than historical, which would’ve been five years or more. So I know the proof is in the pudding and I know there’s some skepticism around these fast regulatory processes, but I think the intention is there and I really hope that we can prove that Alberta and Canada can do things a lot quicker than they did in the past.
Peter Tertzakian:
Right. So the optimism is there. The oil’s in place in the ground. It looks like we’re moving closer to an agreement to build the pipe. And then of course we have to fill the pipe. And to do both building and filling of the pipe, of course it requires north of $100 billion, which is investment. And that investment is predicated on some sense of stability and so on. And I know that Minister Jean spoke about the separatist issue as you pressed him on that. So what is he saying about that for those that missed the podcast?
Jackie Forrest:
Well, so he talked about the fact that, and I’ll paraphrase his answer here, that compared to a lot of other places, Alberta is a very stable place, safest place to invest on the planet compared to others he said. And you think about that like the Middle East or where else can you invest in terms of upstream oil and gas supplies, right? African countries, Russia. Yeah, Canada’s looking pretty good. I agree with that.
He also doesn’t expect that this vote will go forward, but he thinks people need to be heard and that success on the MoU reduces the risk because after all, a lot of the people don’t want to separate. They’re most angry about the fact that we can’t get our oil and gas to tidewater. And so if they actually start seeing that, that really helps get rid of their concerns about being part of Canada.
I think those were all good arguments. But I will say that I talked to a number of groups last week, whether it be foreign companies here ’cause of the Global Petroleum Show looking at Canada where I did do a webinar to a large US audience and this was the very first question I got from them.
So I do see it as a hurdle in the near term where people that are coming here that see all the opportunity that Minister Jean described are concerned like, “What does that mean?” And I do hope that we can kind of get this kind of resolved in October and put away and not be an issue that keeps coming back because I do think it affects people that are looking to invest here.
Peter Tertzakian:
Well, yeah, I mean, gauging investment risk is all about perceptions if you don’t know very much. So the perception of what’s going on here from the outside looking in is that there’s a separation vote. If you don’t actually live here and you just read the headlines, it probably appears a lot more serious than we think it is here, or at least certain constituencies think it is living here. So it does add to investment risk. I don’t think anybody can deny that. And given that a large sum of the investment dollars that have to come here to help build and fill the pipe is going to come from abroad, I don’t think we can diminish the impact of the uncertainty caused by the separation vote.
Jackie Forrest:
So do you think though in October, let’s say he’s right and I hope he is, that they don’t get enough votes, less than 30 or 30. What is the polling? 35% of people say we should vote to have a vote? Do you think that if that is kind of a small percentage of the population, that issue goes away for people?
Peter Tertzakian:
Well, 35% is not a small percentage of the population, nor is 15% in my opinion. And I think the question that is not being asked is, okay, we have the vote, whatever the number is, call it 15, 20%. Okay, and then what? I mean, does everybody pack their bags, go back and say, “Okay, done. Let’s move on.” I don’t think it works that way. Maybe I’m wrong, I hope I’m wrong that we have the vote, it’s no, and everybody’s back, what do they call business as Usual, BaU. But I don’t think so. I don’t think this issue will be completely resolved in the minds of those that are pushing it aggressively.
Jackie Forrest:
Okay. Well, maybe the real solution then is the MoU and seeing oil and gas get to tidewater, which helps these people that feel upset about the fact that Canada’s not getting a fair share will start to feel okay. Yeah, we are growing our economy.
Peter Tertzakian:
Well, I think what a minimum this does is, look, I said I woke up in a good mood, so I’m fairly optimistic that things will settle out and that more oil will move to the tidewater through pipelines, but at what cost? Uncertainty in the financial world means that the cost of capital is higher. In other words, those who are seeking to invest in Canada bring their dollars here to help with this monumental hundred plus billion dollars of investment are going to want a better deal of some sort or more assurances. So at a minimum, it probably manifests itself as the provincial and federal governments have to put in more certainties like backstops and whatever to allow capital wherever that capital may come from to come in.
Jackie Forrest:
Okay. In the near term.
Well, I do think it is another kind of hurdle that people have to get over and it’s not helpful, but I do think that there also is a huge opportunity here and I come back to what the minister said, safest place to invest compared to a lot of other places that have oil and gas. And I think if you compare us to your opportunities to invest in other places, I still think we look pretty good.
Peter Tertzakian:
What about the United States?
Jackie Forrest:
Okay. Well, the United States maybe is what it is.
Peter Tertzakian:
‘Cause they have a lot of oil.
Jackie Forrest:
Yeah, that’s true.
Peter Tertzakian:
Yeah. I mean, it’s just, look, there’s nowhere in the world that is perfect. Every jurisdiction, every country that’s an oil and gas producer has its baggage. And so as a global allocator of capital, you look at the world and you sort of, okay, Canada’s got these issues here, regulatory policy separation, Venezuela has these issues over here, guns and ammo and narco people, Middle East, okay, threat of more potential military action. And you kind of net it out and you go, okay, so gauge the risk and the return and you place your capital accordingly.
Now, if you net it all out, I agree. Canada looks pretty good. But that’s our own perception because we live here. You got to extract yourself from Canada and look at the situation from abroad as if you don’t know what’s going on over here.
Jackie Forrest:
Yeah, that’s how they’re going to look at it.
Peter Tertzakian:
I don’t know. I just made comments about Venezuela and the Middle East. I don’t know. I don’t live there. I’ve been to both places and so I have somewhat of a sense, but I don’t know what the on the ground issues are enough. So my perception is that those places are riskier than Canada. But somebody who lives in Venezuela and hears all this stuff may think Canada’s more risky than Venezuela. I don’t know.
Jackie Forrest:
Well, and things change, right? I think we could do another whole topic on Venezuela, but things are changing there and maybe the level of risk is not what it was.
Peter Tertzakian:
Well, it is. Well, that’s a whole other podcast because I think that you’re going to see a lot of money flowing into Venezuela. We are going to have to compete more with Venezuela and the state intervention by the United States is going to lower the cost of capital and they could be producing a lot more than we think they are.
Jackie Forrest:
Now, I will say back to the Alberta topic, at the end of the day, our largest export product from this province is oil and gas is a lot lesser, but comes a lot often with the oil. And I think that in any scenario, this province, whether it be separate or not, will need to get those products to market. And so from that perspective, if I was a foreign investor looking at Canada, like, okay, yeah, well, there are risks, but at the end of the day, whatever Alberta is, is going to want to sell their products to the world.
Peter Tertzakian:
Yes.
Jackie Forrest:
Yeah. So I think that helps re-risk it a bit too.
Peter Tertzakian:
But notwithstanding everything I said, I’m pretty bullish about our prospects and certainly would agree with Minister Jean that it’s our opportunity here. It’s tremendous opportunity. But at the same time, we have to understand how people perceive, engage risk and return, and how Canada stacks up against other jurisdictions, including Texas, including Venezuela, including the Middle East, Argentina, Australia, you name it. And we have to be competitive. And that’s what the industry also talks about, by the way, is we have to be competitive net-net of all the different baggage that every other region of the world has that ads to the perceived risks.
So my gut feel is that we can compete. We certainly can compete internationally, increasingly so. And I’m hopeful that we will get a lot more barrels and cubic feet of natural gas to market and it’s good.
Jackie Forrest:
Okay. Well, talking about getting oil to market, tell us about your field trip that you took while I was interviewing our energy minister here in Alberta.
Peter Tertzakian:
Yeah. So while you were interviewing Minister Jean, I had the privilege of going out to Trans Mountain’s Westridge terminal. And I always love field trips. It gives you a real sense of what’s going on to be right there on the ground, ground zero. And I thought, how appropriate standing at the terminal watching the loading operations of two oil tankers.
For me, it represented a couple of major themes that we see today, exports to countries that want to diversify their imports because one of the tankers was going to California, the other one was going to China, exports from here to diversify our customer base away from the North American paradigm that has been our paradigm here for frankly a century. So in that regard, it’s Canada goes global and the attraction of multinationals and investment, which we talked about just now. And it also for me, was thinking as I was standing on the dock and looking at these tankers loading and getting my tour, the MoU and the importance of it to expand and build further such facilities, whether it’s south of that facility or north and also the LNG as well.
So it’s just a lot of reflection as I got the tour. And speaking of the tour, I want to have a shout-out to my wonderful tour guides from Trans Mountain, Jason and Stephanie. Jason is the Operations Supervisor and Stephanie, the Manager of Operations Performance.
Jackie Forrest:
Okay. Well, so tell us a bit, like how many tankers did you see?
Peter Tertzakian:
There was two, two roughly 700,000 barrel tankers. One said going down to California, the other one loading up to go to China. There was another one just waiting to come in. There’s actually three berths. So you can fill three tankers all at one time. And when I was there, there was two of them that were being loaded. And as I said, there was this other one that was, you could see quite clearly just bunkering close by. In other words, getting ready to come in, refueling. Yeah.
Jackie Forrest:
Okay. So how long does it take for them to fill a tanker?
Peter Tertzakian:
Well, that was one of my first questions and it’s a good question and it’s one that I asked Jason, so let’s hear from him.
Jason :
It’s roughly about 30 hours or so of filling time depending on the rate.
Peter Tertzakian:
So then Stephanie chimed in and spoke about your question, Jackie, and how many tankers come and go each day right now, recognizing that the whole terminal system is running pretty much at capacity. Because of the Strait of Hormuz situation, there’s a lot of demand for our oil and we’re fulfilling that demand.
Stephanie:
We can load up to three at one time, but it’s typically an empty ship and a full ship out every day, but that’s an average. Some days we might see two ships leave at once and two ships arrive at once. On average right now this year, I think we’re about 26 ships a month that come and go.
Peter Tertzakian:
Right. So it’s almost like one a day almost.
Stephanie:
Yeah. Yeah. One empty ship in, one full ship out every day is pretty reliable.
Peter Tertzakian:
Now anyway, the exciting part of the tour was climbing up a whole bunch of steel steps to the gangway to get birds eye view of the two vessels being loaded.
Well, we’re up on the gangway. This is very exciting looking over this, I must say pristine looking oil tanker, no smoking obviously.
Talk about these containment booms. So that’s obviously if there’s any sort of spill and it’s surrounding the ship. How does all that work?
Stephanie:
So we have a requirement that before any connection can take place, we’ve got a contractor that comes and deploys a containment spill boom around each vessel. So once that boom is in place, then they can kind of initiate connection transfer. If there is any sort of incident or spill where we see something to the water, then there’s an additional requirement. We have secondary booms staged so that we have somebody there to pull that boom around. We have these contingency plans. But yeah, it’s been our practice for quite a long time that we don’t initiate any transfer without having that preliminary spill boom all the way around to every vessel.
Jackie Forrest:
Well, I can imagine when I looked at all the things that the Trans Mountain had to do when they got their approval around safety. You probably saw a lot more than those booms in terms of things to make sure not only the workers are safe, but that we’re not having any chance of spills.
Peter Tertzakian:
Oh, yeah. There’s so much safety built into that. The scrutiny is exceedingly high. And there’s also something quite unique about this facility, which is a vapor recovery. So as you fill a tanker, there’s volatile organic compounds in the vapor that comes up and those vapors are all recovered and they are taken and sucked back in to a fairly large facility onshore at the terminal. And those vapors are not only recovered, but they’re also converted back into liquids and put back into the fuel stream.
So vapor recovery you will find in other terminals around the world I’m told, but actually converting it to liquid and putting it back into the stream is a unique to any facility in the world. So it’s not only safety, it’s about sustainability in a sense of not allowing these volatile organic compounds to just dissipate into the air and the communities around. It’s a very comprehensive thing.
And another thing about the safety is that not any tanker can just pull up and start loading. Only the safest tankers, the ones with a track record of safety and modernity can pull up.
Jackie Forrest:
And you also learned a bit about the driver is actually a local driver that at far, far out, a Canadian pilot who’s familiar with the inlet and how to navigate that channel. That’s who’s actually bringing this ship in and out.
Peter Tertzakian:
Yeah, that’s right. That’s right.
Another thing I learned was that it’s not just oil or oil-sands oil going out of these terminals. Jet fuel also comes into the terminal to serve Vancouver. Let’s listen to Stephanie.
Stephanie:
It’s not a major part of our business, but about once a month we’ll receive jet fuel at one of our births here, birth one and that jet fuel is offloaded into the green tanks you can see on the hillside there and stored until it’s time to put it into the pipeline out to the airport.
Peter Tertzakian:
As I mentioned, there’s two ships that are one to Asia. I asked about the shifting destinations.
Jackie Forrest:
Well, it’s really important too, and I mean, Peter, you’ve made this point, maybe not on the podcast, but in some of your presentations around. As we get those connections, more crude going to Asia, it can result in those countries wanting to invest here as well. So it creates this partnership that can expand much beyond just selling crude oil where they could invest in our upstream, but they could invest in other businesses in the country as well. That connection can have all these economic benefits that are much broader.
Peter Tertzakian:
And that’s what’s happening with these tankers is all of a sudden the dedicated tanker that has the highest levels of safety are coming back and forth. That builds supply chain. You sort of almost get that supply chain stickiness and create, as you said, sort of the impetus for foreign capital to come and invest in the infrastructure that we need to expand further.
Jackie Forrest:
And they make investments actually at home too, to make their refineries even better at taking the kind of products that we sell. We’ve seen that in other markets as well.
Peter Tertzakian:
Well, again, there was a lot that I learned, but the one thing I didn’t realize is that they don’t fill these tankers full yet because they can’t. They can’t fill the full 700,000 barrel tanker. It only gets filled to about 80% or say 550,000 barrels or so.
So here’s me talking to Stephanie about the depth limitations of the terminal and the route the ship has to take through the second narrows.
We’re just talking here about the level, the draft that the ship is floating at and the importance of proposed dredging because the deeper that the ship can go, the more cargo it can take up. And one thing I didn’t realize was that these ships are not being fully loaded because if they were, they would go too deep.
Stephanie:
That’s right. So today, because of draft restrictions at the Second Narrows Traffic Control Zone, it’s regulated by the Port of Vancouver, we can only load ships to a maximum 13 and a half meter draft and that’s on a day where we know we’ve got high, high tide. So what Port of Vancouver is working on is a dredging program for that Second Narrows Traffic Control Zone area whereby they would sort of improve the clearance at the side of the channels. We would be able to fully load every vessel that calls at our facility to a 15-meter draft.
Peter Tertzakian:
From a 13.
Stephanie:
That’s right. So today we’re loading to about 75, sometimes 80% full at maximum, and now we’ll get that extra 20% volume.
Jackie Forrest:
So this dredging project, which I think is on the books to be done early in 2027, if I’m right. Maybe you can confirm that. But that’s so important because we have those ships coming in and out, and if we can fill them more fully, that’s going to make the transportation costs lower because you’ve got all these fixed costs that today are only being amortized over 550,000 barrels and you could have it over a full tank or 700,000 barrels.
Peter Tertzakian:
It makes the transportation costs lower. It also increases the throughput without increasing the number of ships. So it’s really necessary. And if you think about that, as you said, it’s like value of another 200,000 barrels a day and multiplied by, I don’t know, $78 a barrel depending on the kind of oil that’s in the tanker. It’s a huge amount of incremental revenue that can be realized.
Jackie Forrest:
So let’s look forward to seeing those full tankers going out hopefully in 2027.
Peter Tertzakian:
Yeah. Yeah. But there’s limitations in terms of what can go in. It’ll be pretty much maxed out and so therefore the impetus to build another terminal off the West Coast and we’ll await to hear what will happen on July 1st as the MoU comes to fruition we hope.
Now let me conclude by saying it really was a great trip. As I said, I love field trips. I just love getting on the ground and seeing what’s going on, talking to the people and shout out again to Stephanie and Jason who gave me the tour in Trans Mountain at large.
What I’ll say is that until you go to a site and visit, you don’t get a sense of what it means to be a responsible producer. We’ve heard that term responsible, right? You’ve heard that term, a responsible producer. When you actually see the cleanliness and the safety protocols and the type of modern ships that are pulling up, you really get a sense that this is the highest quality operation, the highest levels of standards in the world.
I have to tell you, I’ve been to oil fields and oil facilities around the world in my career and what I saw on the coast is really best in class and we should all be proud as Canadians of the way we do things in all our resources. So thanks again to Trans Mountain and that’s the end of our podcast, Jackie.
Jackie Forrest:
Yeah, I think we will put some photos from your trip on our website and we will put a link to that in the show notes and on social media ’cause you took some great photos, which I think will be helpful for people to look at too. So check out the photos, and well, we’ll just wrap up the podcast. If you enjoyed this podcast, please rate us on the app that you listen to and tell someone else about us.
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