Trans Mountain pipeline will have 'Crown immunity': Notley

Quebecers gathered to protest the Kinder Morgan Trans Mountain pipeline in Montreal on Sunday

When the sale is finished, Canada will continue construction on its own, with plans to eventually sell it all in the future once market conditions improve.

Financing for this purchase will come from Export Development Canada.

The minister added that the federal government didn't intend to own the project long term.

Alberta's premier says the Trans Mountain pipeline expansion "has more certainty", after the federal finance minister announced plans to buy the project Tuesday morning.

It is subject to approval by Kinder Morgan's shareholders.

"The outcome we have reached represents the best opportunity to complete the TMEP and thereby realize the great national economic benefits promised by that project".

Alberta has also agreed to provide funding for any unexpected costs that arise during construction.

Amid the feud, the pipeline has become a barometer for foreign investments in Canada, with some warning of a spillover into other sectors of the economy.

Horgan said the federal decision will not change his plans to contest the exclusive federal jurisdiction surrounding the project in court. His days of getting out of Canada to bask in the adoring selfies are over.

Opponents of the pipeline are concerned about the risk of oil spills from tankers along Canada's pristine Pacific coast impacting fisheries and tourism.

The two western provinces have been sparring over the pipeline, a situation that Mr Morneau said can not be allowed to "fester". "We should be investing in growth industries that are clearly where the world is heading. It polarized us. That is not who we are", Carr told the news conference.

His Liberals face a hard balancing act in trying to champion climate action while supporting growth in Canada's oil sector. The project has been beset by legal uncertainty and rising protests from environmental groups and the province of British Columbia.

Drake Sends Kanye & Pusha T Invoice For "Duppy Freestyle" Fees
Drake also claims he's done things for Kanye "I thought he never would need". "At the time it meant the world to me". I guess, just speaking his truth, questioning my validity to the streets and so on and so forth within that verse.

"He has responsibilities as the leader of the Government of Canada and I have responsibilities as the leader of the Government of British Columbia". Moe also questioned how much more money taxpayers will have to pay for the construction of the project and what the move signals to investors. Here, oil tanks stand near the Trans Mountain pipeline expansion site in Burnaby, British Columbia, in April.

"When we are faced with an exceptional situation that puts jobs at risk, that puts our global reputation on the line, our government is prepared to take action", Morneau told reporters.

Vancouver Mayor Gregor Robertson voiced similar concerns.

Despite the federal government's decision, he said, " I believe it is appropriate for us to continue down that road".

In recent months, thousands have protested against the project across Canada.

Essentially, it deals with "what British Columbia could do to ensure that if there is the transportation of diluted bitumen that we are doing everything in our power to protect our air, water, and land".

According to Hudema, the movement opposing the project " will not back down" following the government's purchase.

Opposition to the news was swift Tuesday morning.

The Canadian federal government will likely have a hard time selling the Trans Mountain pipeline system it purchased for $4.5-billion on Tuesday until it can show the risks to the project have been reduced.

Green Party Leader Elizabeth May was arrested earlier this year at a protest against Kinder Morgan's Trans Mountain pipeline expansion project.

Morneau says the federal government does not plan to be a long-term owner and is in negotiations with interested investors, including Indigenous communities, pension funds and the Alberta government.

Related News:



Most liked

'Mega Man 11' trailer reveals release date, new mechanics
While there are over 50 unique Mega Man-related titles out there, you can start with these gems and go from there. But the trailer revealed a Double Gear system that lets Mega Man slow down time and overcharge his Mega Blaster.

Subtropical Storm Alberto Makes Landfall as Florida Braces for Rain
On Monday , Alberto is expected to make landfall tomorrow in the Panhandle of Florida before quickly weakening. The storm forced some Memorial Day tributes to be cancelled across Florida's Panhandle.

Liverpool Schedule Meeting With Ligue 1 Giants For Nabil Fekir
There are talks with clubs. "It's true that there are discussions with several clubs". Speaking to Telefoot on Sunday, he explained: 'I'm not close to Liverpool .

Munar fights his way past Ferrer in French Open 1st round
Djokovic is apparently finally over right-elbow problems, but he's gone nearly two full years without winning a major tournament. The Swiss star will be hoping to emulate last year's performance on grass courts when he returns at Stuttgart Open in June.

‘Solo’ Crash-Lands With $103 Million 4-Day Holiday Opening
In Solo: A Star Wars Story , L3-37 is a progressive, self-made droid who has upgraded and improved herself with scraps of other droids.

Lava covers potentially explosive well on Hawaii's Big Island
Lava had previously crossed onto an older part of the property, according to officials. At this time there is no hydrogen sulfide detected.

Obama Launched Russia Probe to Help Clinton
Asked if he sees the probe as legitimate, Giuliani, who joined Trump's legal team in mid-April, replied: "Not any more ". The Trump administration, however, has long maintained that the Mueller probe is no more than a "witch hunt".

Armed bystander kills shooter at Oklahoma City restaurant
The restaurant where the shooting took place was closed on Friday, and counsellors were provided to help employees and customers. Mary Fallin (R), who had vetoed a permit-less carry bill despite pressure from gun-rights advocates in the gun-friendly state.

Hero Teacher Says Student Injured In School Shooting Is ‘Remarkable’
For the first time since the shooting, classes will resume Tuesday at district schools except for Noblesville West Middle School. He said his girlfriend's sister was in a classroom adjacent to the shooting. "He saved the lives of so many students".

[H]ardOCP: Valve Slammed over "Horrendous" Steam School-Shooting Game
If you feel like hurting someone or people around you, please seek help from local psychiatrists or dial 911 (or applicable). At the bottom of the game's description, a statement adds: " Please do not take any of this seriously ".

A golden marriage in Vegas
What a ideal time to be starting a new, weekly hockey column: with the Stanley Cup Final set to open Monday night in Las Vegas . Both teams were assembled by Knights general manager George McPhee, who was the Capitals general manager from 1997 to 2014.

Wind, forward speed picks up as Alberto becomes more tropical
The storm's remnants could reach Upstate by Wednesday night or Thursday, according to local National Weather Service offices. Shelters were opened in Bay County , Florida, where Panama City is the county seat, ahead of the storm, WJHG.com reports.

Horrific Flash Floods Devastate Ellicott City in US Maryland (PHOTOS, VIDEOS)
Many businesses were still rebuilding from that flooding, which caused 2 deaths and damaged "dozens of buildings", CNN explained . Others said they gathered in the second story of a building to anxiously watch the seething waters.

Serena Williams to Be Unseeded in Return at 2018 French Open
He had won just one match on clay heading to the French Open and entered the tournament at No. 30, his worse ranking since 2008. As a result, she played No. 29 Kiki Bertans in the second round and sister Venus, who was seeded eighth, in the third round.

Amazon responds after Portland woman claims Alexa records private conversation
The Portland couple reported the invasion of privacy to Amazon, who called the incident "an extremely rare occurrence ". Danielle called Amazon, which reportedly investigated the incident, confirmed what happened, and apologized profusely.