Five Things: the next steps for getting the Trans Mountain project done

3:17pm


Image Credit CFJC Today

Kinder Morgan, the company behind the pipeline, suspended non-essential spending on the project in April.

"We need to deal with the political uncertainty", he said.

According to Hudema, the movement opposing the project " will not back down" following the government's purchase. If no new buyer is reached by July 22, Kinder Morgan will present the $4.5 billion offer from Canada to its shareholders for a vote before the end of July.

Kinder Morgan, which could no longer afford the $7.4-billion project, took advantage of a bitumen republic that foolishly proclaimed an unneeded pipeline a matter of "national interest" without so much as a risk analysis or simple cost benefit report.

Pending their approval, the sale would be finalized sometime in August or September. "He had an opportunity to walk away from pipeline politics and get on with the real work of leading Canada, and the world, in a 100 per cent renewable energy revolution, but instead he's opted to ignore science, Indigenous rights and the voices of people across Canada and bailed out a unsafe, unwanted pipeline with public money". "Canada will work with investors to transfer the project, and related assets, to a new owner or owners in a way that ensures that the project's construction and operation will proceed in a manner that protects the public interest", he said.

Once the sale to the feds is complete, Canada will continue the construction on its own, with a view to eventually selling the whole thing down the road, once market conditions would allow it to get the best price.

Morneau couldn't say what additional costs, if any, would be incurred by Canadians in building the pipeline. Existing statutes stipulate one level of government can not interfere with the work of another - a situation one official called a "conversation changer" that might convince Horgan to back down.

Morneau stressed repeatedly the pipeline is commercially viable and profitable. Steven J. Kean, the president of Kinder Morgan, called it a "great day for Canada, for our customers and for our employees". While details are murky, the province would cover up to $2 billion more in pipeline construction costs should they escalate beyond a unspecified federal comfort level.

‘Deadliest Catch’ Star Blake Painter Dead at 38
Phil Harris, one of the most popular fishermen on the show, died of a massive stroke while offloading his catch in 2010. Once they entered his residence they determined that he had been dead for several days.

"We have to ask ourselves what kind of priorities these Liberals actually have", Cullens said.

"They were asking for certainty and a pathway to get the get the project built", he said.

"The federal government have overpaid for an aging asset that has huge integrity problems".

Horgan said he learned of the decision early Tuesday morning when Prime Minister Justin Trudeau called him minutes before the announcement in Ottawa.

Until now, Trudeau's government has used a soft tone to try to convince British Columbia to abandon its opposition to the pipeline, hoping not to alienate voters in the province before next year's general election.

Alberta Premier Rachel Notley, who's been locked in an escalating battle with Horgan over his opposition and has passed a bill threatening to cut off oil and gas shipments to British Columbia, struck a triumphant tone at a press conference in Edmonton. "They are getting a very good value", said Paul Bloom at Bloom Investments Counsel Inc, which owns about 300,000 shares in Kinder Morgan. "That certainty is absolutely critical". On the heels of Trudeau's announcement, the Vancouver-based Indigenous rights group Coast Protectors scheduled a rally for Tuesday evening to "say no to Trudeau's pipeline buy out".

Conservative Leader Andrew Scheer said the decision leaves taxpayers on the hook for Trudeau's "failure" to manage the energy file.

When Canadian taxpayers appreciate the scale of the federal abuse of trust here as well as the government's blatant corporate welfare for a Texas pipeline company, there will be hell to pay from coast to coast.

Related News:



Most liked

European Union proposes ban on straws, other single-use plastics
The EU is also planning a producer-funded, recycling scheme for plastics, similar to waste electronics or used tyres. The plan does not set a deadline for a total ban on single-use plastic items such as cotton buds, plates and straws.

ABC axes Roseanne following Roseanne Barr's racist tweet
I should have known better. "Forgive me - my joke was in bad taste", she tweeted, after writing she was quitting Twitter. It was particularly popular among many conservative viewers, because Barr's character expressed support for U.S.

Serena Williams, all black catsuit, make headlines at the French Open
Williams made her return to the Roland Garros courts in a skintight black catsuit, saying she does so for a couple reasons. Maybe this goes without saying, but it needs to be said in a powerful way: I absolutely want more Grand Slams".

Liverpool complete signing of Fabinho from Monaco
Oh, and Jurgen Klopp is now planning to sign Lyon's Nabil Fekir as well before the 2018 World Cup starts next month. He is also very good for someone who comes to a new country, a new city - someone who speaks the same language.

Morgan Freeman's Lawyer to CNN: Retract Sexual Harassment Story
And that is why I apologized Thursday and will continue to apologize to anyone I might have upset, however unintentionally. I did not offer employment or advancement in exchange for sex, ' he added . "The unfounded accusations made by Mr.

Emilia Wickstead issues apology after criticising the Duchess of Susex
In fact, anything Meghan Markle wears is held to scrutiny, analysed and copied, so her wedding dress was set to be no different. Why wouldn't she have went straight to Givenchy?' Another added, 'Emilia Wickstead is a very successful designer.

Ellicott City Floods: Army National Guardsman, Eddison Hermond, Missing Amid Maryland Floods
Rescuers are searching for Eddison Alexander Hermond, 39, of Severn, who reported missing to Howard County police about 12:30 a.m. But he emphasized that the old mill town has been through it all before and he's resolved to do his part to spur another revival.

White House puts $50 billion worth of tariffs on China
Embassy after U.S. officials had trade talks with Chinese counterparts, in Beijing, China, May 4, 2018. Beijing has previously pledged to retaliate against the 25 percent tariffs.

Epic Games faces copyright lawsuit over its hit 'Fortnite'
We don't know yet if you'll be able to drive the cart or if it has any special attributes to help you on the battlefield. PUBG is available now on PC and in Game Preview on Xbox One.

Hurricane Maria killed 4600 in Puerto Rico, 70 times official toll
The government of Puerto Rico stopped publicly sharing its data on hurricane deaths in December 2017. Published Tuesday in the New England Journal of Medicine , researchers from the Harvard T.H.

Mamoudou Gassama: Mali 'Spiderman' to be made French citizen
Police said the incident unfurled when the boy's father left him alone so he could go grocery shopping and play Pokemon Go . Gassama scaled four floors of a building in northern Paris on Saturday to save a 4-year-old boy, Sky News reported.

Liverpool sign midfielder Fabinho for £43.7m from Monaco
We don't see many weaknesses in his game. "He has ability and mentality to play at the highest level in a number of positions ". They need a goalkeeper, a centre-half, a centre forward and certainly a midfielder - the midfielder's the first in the door.

Chelsea FC owner Roman Abramovich eligible to become Israeli
It has been reported that Mr Abramovich would have to explain the source of his wealth to receive a new British visa. A spokesman for Abramovich also declined to comment on the report . "A businessman gets Israeli citizenship".

Congrats, Mum: Serena Williams wins in Grand Slam return at French Open
After beating Serena Williams in the 2016 final, Muguruza's title defense was ended in the fourth round past year . In the second set, the Chinese won just 10 points, and six came thanks to her opponent's unforced errors.

Andrew Lincoln to Exit ‘The Walking Dead’ After Season 9
The death of Carl Grimes hit the fandom hard, and this bombshell will send shockwaves through the fandom again. Andrew Lincoln , who stars as Rick Grimes on AMC's The Walking Dead , may leave the show in Season 9.