Canada Purchases Trans Mountain Pipeline from Kinder Morgan
May 31, 2018, 19:33
"It's unacceptable for him to spend taxpayer dollars on it, especially $4.5 billion when all across Canada there is no clean drinking water for most (Indigenous) nations".
Outrage over the federal government's announcement about buying the Trans Mountain pipeline to ensure it gets built could fuel unprecedented protests, says a prominent environmentalist who was at the forefront of British Columbia's so-called War in the Woods in the 1990s.
'We will not stand down no matter who buys this ill-fated and exorbitantly priced pipeline'.
Federal Conservative party leader Andrew Scheer fired at Trudeau, calling the purchase an admittance by the prime minister that he "has failed Canadian energy sector works and investors".
Singh says there is a long tradition of non-violent civil disobedience in Canada and he will not condemn people who use protests to express their frustration and anger.
Even with government support, it remains to be seen whether the project will ultimately be completed.
The move could backfire politically in B.C., where the federal Liberals hold 14 seats, and globally on the environmental stage because the government has committed to fight climate change but has chosen to buy a pipeline, said Prof. The completed pipeline would transport almost 900,000 barrels of diluted bitumen a day, with the substance being controversial as little is known about its pollutant properties.
"There are things I would far prefer my money to be going towards, whether that's a shift towards renewables, and towards electric vehicles - there's a lot of infrastructure that we need".
It's possible they do mesh, Kinley said, but it's up to the government to explain how Trans Mountain squares with a commitment to reduce emissions by 30 per cent by 2030.
He added the purchasing consortium should also include an established pipeline company such as TransCanada Corp. or Enbridge Inc.to look after operations.
Sumas First Nation Chief Dalton Silver said his community remains fiercely opposed to the existing tank farm in their territory, let alone the proposed expansion.
The Independent Contractors and Businesses Association released a statement saying B.C. has sent a "chilling message" to investors and forced Ottawa to take on the project. But $4.5 billion won't cover the future construction costs.
After Morneau went public with the option to cover cost overruns May 17, Kinder Morgan CEO Steve Kean said the company and the government were not yet "in alignment" and the negotiations would not take place in public. While the government's takeover of the project has reassured its backers that it will be built, with construction starting in August, it also raises the stakes for Ottawa.
Rachel Notley spoke at the International Brotherhood of Boilermakers Lodge 146 in the city's southeast on Wednesday, and touted the prospect of jobs that would become available once construction on the Kinder Morgan pipeline resumes. "This really is a sad day for Canada, and Premier Horgan is squarely to blame", ICBA President Chris Gardner said.
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The Financial Times, which first reported the deal, said the company was valued at €1.7 billion including debt. Bridgepoint, which bought Pret for £364 million in 2008, had been considering listing the firm in NY .
In response, Notley temporarily banned B.C. wine, then hit the road to build public support for the pipeline. Kinder Morgan had set a Thursday deadline to gain certainty over the project or abandon it altogether.
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Kean is also CEO of Kinder Morgan, Inc ., the Houston-based firm that owns 70 per cent of the Canadian firm. Kamloops' two MLAs blame Premier John Horgan for what they called "a sad, sad day for this country".
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