Canadian Prosperity Project

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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Canadian Prosperity Project, also known as CP3, was a proposed oil pipeline project in Canada which is now presumed shelved.

Location

The pipeline is proposed to run from Hardisty, Alberta to Saint John, New Brunswick, Canada. It would pass through Saskatchewan, Manitoba, Ontario, and Quebec en route to a marine tanker terminal in New Brunswick.

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Project details

• Operator:
• Owner: Canadian Prosperity Pipelines Corporation
• Parent company: Canadian Prosperity Pipelines Corporation
• Capacity: 1.1 million barrels per day
• Length: 4800 kilometers
• Diameter:
• Status: Shelved
• Start year: 2030
• Cost: CAN$24 billion (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.

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."It does not mention any oil pipeline project as of February 2023.