Morneau Takes Dig At Scheer’s Business Experience During Trans Mountain Tiff


Image Credit CFJC Today

3:17pm Image Credit CFJC Today

Cheam Chief Ernie Crey welcomed the news Tuesday of the $4.5 billion federal buyout of the Trans Mountain Pipeline and Kinder Morgan Canada's assets.

Moscrop said it is hard to estimate how big the political impact will be since the pool of Liberal voters who disapprove of Tuesday's decision is likely smaller than those among the NDP or other parties.

The federal finance minister said the government does not plan to be the long-term owner of the pipeline and expects the project to be transferred to private sector investors "at an appropriate time".

The fact the federal government needed to buy Trans Mountain to ensure the project goes ahead does not bode well for the industry, said Chris Bloomer, CEO of the Canadian Energy Pipeline Association.

Once the sale is finalized, Ottawa plans to take on remaining construction of the addition to the pipeline.

Notley said the pipeline will be under federal jurisdiction, which will limit how British Columbia laws can be applied to the project.

The federal Liberals made a breakthrough in the 2015 election in B.C., unseating nine MPs from other parties to claim a total of 18 seats, which Moscrop said wasn't essential in securing the government's majority then, but could be more important to them by the 2019 election. "We will not stop until the job is done", Notley said.

The $4.5-billion purchase price does not cover the construction costs of building the new pipeline, however; Morneau refused to say what that cost may be.

First, said Morneau announced "an agreement with Kinder Morgan to purchase the existing Trans Mountain infrastructure related to the TMX project".

Canada loses $15 billion every year on the sale of oil because the US remains its only export customer, resulting in a lower price, Prime Minister Justin Trudeau argues. The federal government and the Houston company were in talks for over a month about saving the project, which Kinder Morgan threatened to abandon as of Thursday unless federal officials remove political.

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They will then play in Tuscaloosa on September 9, 2023. "This will certainly be a great opportunity for our program and our fans". With the Crimson Tide on the schedule, Texas also announced it has canceled a home game with UCF that had been slated for 2023.

The Alberta government has agreed to cover any unexpected costs that arise during construction.

"Despite tens of thousands of people opposing it, he just used taxpayer money to bailout a project that communities don't want, that would break his own climate commitments, and that Indigenous peoples are fighting from the frontlines to the courtrooms", Thomas-Muller added.

On Monday, Prime Minister Justin Trudeau reiterated that his government is "going to get this pipeline built", but offered no news on the matter days before Kinder Morgan's deadline.

Trudeau has long insisted the project is in Canada's national interest and is a pivotal part of the country's economic future. "The government responded and that's their business".

Her tweet also stated "this project has more certainty than ever before".

Currently, 99 percent of Canada's oil is sold to the United States at a discount, and access to the Pacific coast is seen as key to diversifying the world's sixth-largest oil producer's energy exports.

Canada loses $15 billion every year on the sale of oil because the USA remains its only export customer, resulting in a lower price, Trudeau argues. "This is a sad day for British Columbia".

Environmentalists jumped on the Trudeau bandwagon because the Liberal Leader had promised to respect Indigenous rights, fight climate change and end fossil-fuel subsidies.

Indigenous chiefs and First Nations have already assembled in Montreal earlier this week to protest the project, and Indigenous groups protesting the pipeline's construction in Burnaby said they'll push back regardless of Tuesday's announcement.