Tuesday, 16 October, 2018

Federal government spending $4.5B to buy Trans Mountain pipeline, BC terminal

Kinder Morgan Live: Feds to spend $4.5 billion to buy Trans Mountain pipeline, B.C. terminal
Frank Williams | 29 May, 2018, 21:29

Prime Minister Justin Trudeau insists his government is going to get the Trans Mountain pipeline expansion built, but still has nothing to say about how, even as Kinder Morgan's deadline clock ticks ever closer to the end.

While the Canadian government says it does not plan to be the long-term owner of the pipeline, its decision to purchase the project on Tuesday is part of an effort to ensure the massive pipeline expansion proceeds this summer as planned.

Kinder Morgan gave Ottawa until Thursday to convince it to proceed by settling down jittery investors who fear a court challenge from the B.C. government that would make the project too great a liability.

The two western provinces have been sparring over the pipeline, a situation that Mr Morneau said can not be allowed to "fester".

Spiderman migrant rescues child dangling from balcony given French citizenship
Due to this viral video, he has now been awarded full citizenship in France, a medal and a job as a firefighter. As well as being made a French citizen, Mr Gassama will be offered a place in the fire brigade for his bravery.

The Canadian government said on Tuesday that it would buy a pipeline that has been the focus of widespread protests by environmentalists and some Indigenous groups, putting the government squarely on the side of the country's oil industry. The move will be a key test of Trudeau's bid to balance the environment and the economy by backing the $7.4 billion pipeline expansion while pushing a national carbon price to reduce greenhouse gas emissions.

May said Indigenous rights were not being respected in regards to the permits issued to twin the existing pipeline.

The plan announced Tuesday has several stages - construction will continue this year with a Federal loan guarantee as the deal is finalized; the government will look for a new owner or owners to transfer the project to; and then "indemnify" the owner against certain costs. Conservative Party Leader Andrew Scheer said Kinder Morgan wasn't asking for money but for "certainty" on how to build the pipeline. The company has a market value of $5.8 billion. "At a critical moment in history, the government is indeed doing "whatever it takes" to undermine our transition to a safe, clean, renewable energy future". It's actually better for Kinder Morgan than it is for Canada.

More than 200 people, including two members of Parliament, have been arrested already at Kinder Morgan's oil tanker and terminal site in Burnaby, British Columbia. The 980-kilometer (600-mile) expansion is seen by the oil industry as a crucial link to Asian markets, allowing producers to diversify away from the US, which takes the vast majority of Canadian oil exports. "Did they overpay? Maybe".

Recommended

Yankees Fans Boo Trump Lawyer Rudy Giuliani On His Birthday Yankees Fans Boo Trump Lawyer Rudy Giuliani On His Birthday But the Memorial Day crowd packed the seats at Yankee Stadium as the home team took on the Houston Astros . Giuliani was also brought on to arrange a possible interview between Trump and Mueller, as a final step.

Person Missing as Extreme Flooding Rocks Ellicott City, Maryland Person Missing as Extreme Flooding Rocks Ellicott City, Maryland It was a repeat of another major flood in 2016, when two people were killed and the city suffered millions of dollars in damage. Their hope: to pull together as a community again after the second bad flood deluged their downtown in less than two years.

Former North Korean spy chief heads to United States for talks Former North Korean spy chief heads to United States  for talks And, on Sunday, the president said an American delegation was meeting with North Korean officials in preparation for the meeting. Both are former spy chiefs and met in Pyongyang during the secretary of state's visits there in April and again this month.

Russian Federation probe has ruined 'young and attractive lives' Russian Federation  probe has ruined 'young and attractive  lives' Asked if he sees the probe as legitimate, Giuliani, who joined Trump's legal team in mid-April, replied: "Not any more ". Both Giuliani and Donald Trump have been on the attack against Robert Mueller's investigation .

Salah confident of playing in Russian Federation Salah confident of playing in Russian Federation But it does seem like Salah will make the World Cup next month after he said he was "confident" of making the tournament . Under FIFA regulations, Egypt will have until June 4 to decide whether Salah is able to play a part in the World Cup.

Liverpool complete signing of Fabinho from Monaco Liverpool complete signing of Fabinho from Monaco He told Liverpool's official website: "We have signed a fantastic player, but someone who is an equally fantastic person I think". Liverpool are taking no time to recover from Saturday's Champions League final and are heading straight into the transfer market.

Manchester United Linked With A Sensational £30m Bid For Aston Villa Starlet Manchester United Linked With A Sensational £30m Bid For Aston Villa Starlet Aston Villa piled pressure on Fulham midway through the game as they aimed to draw level but Londoners dealt well with their threats.

NBA Record futility dooms Houston Rockets in Game 7 NBA Record futility dooms Houston Rockets in Game 7 Game 1 goes down this Thursday night in Golden State. "The air was heavy out there", Shaun Livingston said after the game. This means we might see more of Jeff Green and Larry Nance, Jr. while Tristan Thompson rides the bench a little longer.

Petrol, diesel prices hiked for 16th straight day Petrol, diesel prices hiked for 16th straight day In other three metro cites, petrol is available at Rs 80.76 in Kolkata, Rs 85.93 in Mumbai and Rs 81.11 in Chennai. In addition, price in Kolkata inched up to Rs 80.76, against 80.61 per litre on the previous day.

Golden Knights edge Capitals in Game 1 of Stanley Cup final Golden Knights edge Capitals in Game 1 of Stanley Cup final Seven minutes later, Golden Knights defenceman Shea Theodore found Nosek with a wonderful cross-ice pass for a backdoor goal. Wilson is already considered a repeat offender; he was forced to sit out two preseason games following a late hit on St.

Man United prepare mega contract for Cristiano Ronaldo Man United prepare mega contract for Cristiano Ronaldo Scholes, however, admitted that a potential transfer that would see Bale joining the Old Trafford club this summer is unrealistic. Madrid's new valuation, when including the wages he would demand, would see United need to shell out an incredible £320m.

Mike D'Antoni Says Chris Paul Is 'Doubtful' to Play Game 7 Mike D'Antoni Says Chris Paul Is 'Doubtful' to Play Game 7 In Game 6 , coach Steve Kerr let Thompson loose , and the result was a dominant 35-point showing on 9-for-14 3-point shooting. The Warriors have won two of the last three Finals matchups, with Cleveland capping its historic comeback in 2016.

2 journalists killed when tree falls on auto in North Carolina 2 journalists killed when tree falls on auto  in North Carolina The rain forecast from the approaching subtropical storm Alberto could cause the terrain to become even more unstable. Smeltzer previously worked at WSPA-TV covering stories here in the Upstate before joining WYFF earlier this year.

Neymar ‘really wants’ to work under Guardiola Neymar ‘really wants’ to work under Guardiola Neymar has not played since a 3-0 league win over Marseille in February having had to undergo surgery on a fractured metatarsal. But Neymar says that he would love to have the opportunity to link up with the Catalan in the future.

Roman Abramovich granted Israeli citizenship after being unable to renew United Kingdom visa Roman Abramovich granted Israeli citizenship after being unable to renew United Kingdom  visa His British visa expired last month and sources have said it was taking longer than usual to get it renewed. He subsequently flew to Israel , the Ministry of Interior confirmed.