Gladu Critical Of Trans Mountain Pipeline Purchase

Kinder Morgan

Gladu Critical Of Trans Mountain Pipeline Purchase

The federal government's pipeline acquisition will make opposition to the project more hard in British Columbia, further straining the relationship between Ottawa and Victoria, not to mention between Victoria and Edmonton.

"This whole exercise has shone a light on what companies have known for years: Canada is too costly, too complex and takes too long to come to a decision and get things done".

What all this shows is the abject failure of Trudeau's and Notley's superficial and absurd belief that imposing a national carbon price on Canadians would give them the "social licence" to build the Trans Mountain pipeline, with the blessings of B.C.'s anti-oil government, Indigenous objectors and radical environmentalists.

Alberta Premier Rachel Notley was applauded by her staff and caucus after a news conference Tuesday on the federal government's purchase of the Trans Mountain Pipeline. Ottawa will buy the pipeline and all of Kinder Morgan's core assets for $4.5-billion, including pumping stations and rights of way along the route between Edmonton and Vancouver, as well as the marine terminal in Burnaby, British Columbia.

Once the sale is final, Canada will continue construction on its own in hopes of selling the pipeline down the road.

"This is a declaration of war against indigenous people because they're not recognizing our own sovereignty", says Kanahus Manuel, a Secwepemc midwife and mother of four.

Opponents see Kinder Morgan's decision to sell the pipeline as a victory of sorts, claiming that their grassroots opposition has chased away private investors.

Several First Nations have alleged in court that Trudeau's approval of the project was not legal since the government failed in its constitutional duty to consult them.

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The Trans Mountain extension would connect Alberta to British Columbia and triple Kinder Morgan's capacity.

He says if Canada doesn't follow that lead, we'll be left behind economically.

If the federal government took just $9 billion from its proposed $20-billion bailout for Kinder Morgan, it could fund three partial upgraders in Alberta capable of upgrading 300,000 barrels of bitumen a day. "It will begin to reduce our reliance on one customer and enable Canadians to get a fairer price for their natural resources". He says the government is showing leadership and sending a signal to the global community that "it can rely on Canada to get things done". The overwhelming majority of Canada's oil exports are sold to American refiners at a discount to worldwide benchmarks, reducing fuel prices for American consumers and income for Canadian producers.

"There's $4.5 billion to purchase the assets, then you have construction costs on top of that, indemnity costs", McLeod said.

Medicine Hat-Cardston-Warner MP Glen Motz weighed into the debate over the federal governments plans to buy out the Kinder Morgan pipeline project.

Moe wants Ottawa to use the full scope of its jurisdiction to get the pipeline completed.

Canada approved the project in November 2016, following an expanded environmental review process that included additional consultations with Indigenous communities and assessing the amount of additional emissions likely to result from additional production. Canada's long-term plan is to finance the costs of construction through the paid contracts with oil producers to ship their oil through the pipeline, and recoup its investment through an eventual sale.

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