Tuesday, 16 October, 2018

Graham Thomson: Alberta government celebrates Trans Mountain pipeline project purchase

Canada purchases Trans Mountain pipeline project for $4.5B Canadian Government to Buy Contested Oil Sands Pipeline
Frank Williams | 31 May, 2018, 07:31

Horgan continued to say that it doesn't matter who owns the pipeline, what matters is defending the province's coast, lands, rivers and streams from the impact of a dilbit spill.

A aerial view of Kinder Morgan's Trans Mountain marine terminal in Burnaby, B.C.

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.

In its IPO documents from May 2017, Kinder Morgan Canada said it expected that when the expansion was operational in 2020 it would be able to collect tolls of between $5 to $7 per barrel (US$4 to $6 per barrel) sending oil from Edmonton to various delivery points.

NDP MP Nathan Cullen, who's riding is in British Columbia, was also not impressed.

"The cost of meeting the shortfall for clean water on First Nations reserves is $3.2 billion", he said in a statement. "I'm not joking", he tweeted. But $4.5 billion won't cover the future construction costs. The federal government does not have a "target date" for its potential resale, Morneau added. "Our court case is against Canada", he said.

Kinder Morgan set the deadline in part due to frustrations with delays caused by the British Columbia government, which is concerned about possible oil spills.

Morneau said that while the government will listen to bidders for the pipeline in the short-term, its sale will depend on being certain that it will get built.

The decision represents "a massive, unnecessary financial burden on Canadian taxpayers", Canadian Taxpayers Federation Federal Director Aaron Wudrick said. "This project has more certainty than ever before". "There is more work to do, but we will not stop until the job is done".

"Because the crisis has passed, at least for now... We must put in place the environment where people can come in, in a very clear, stable political environment that they're willing to invest in provinces like Newfoundland and Labrador", said Ball.

"We still have it".

Google is said to plan Pixel upgrades, seeking iPhone challenger
The render on the left shows us Google's rumored Pixel 3 XL design with the notch enabled in the phone's software. The report says the notch "won't be as wide as a similar feature on the iPhone X, but is noticeably taller".

However, the British Columbian government said Tuesday it wasn't backing down.

But British Columbia's social democratic government recently joined environmental activists' fight against the pipeline, provoking a trade row with Alberta and leading Kinder Morgan to temporarily halt its construction until the dispute was resolved.

"It does change it from a federally approved project to a federally undertaken project, but the reference case ... did not speak to a specific project", he explained.

The premier also didn't discourage protesters. "They may just get frustrated with this and say, 'That's enough, '" he said. Trudeau has chose to fork over $C3.4 billion for a system that is a now a decade older with no plan on how to get the expansion constructed. Ottawa would provide a federal loan guarantee to the company in the meantime.

Many demonstrators are outraged with people calling the decision to use tax payer money to save the project 'ridiculous, ' reported News 1130.

Kinder Morgan's Trans Mountain subsidiary inked a profit-sharing pact with the B.C. government on April 6, 2017, after then-premier Christy Clark agreed to support the expansion project.

The federal government insists the project falls under its jurisdiction.

Now that Mr. Horgan is Premier, his government has walked a fine line between opposing the pipeline and living up to its legal obligations. It continues with "The vintage pipeline is a handyman's dream project".

"It allows us to move forward with the investments required to get the expansion completed and delivering the value that we know it can deliver to the Canadian economy".

"We hope it means we're going to get the order back going here".

Rueben George, spokesman for the Tsleil-Waututh's Sacred Trust Initiative which is opposing the pipeline, called the decision a bad risk for Canadian taxpayers. "But, this is an attempt to say, look, this thing has to be built, it's in the national interest for it to be built", de Bever said. He promised that this project could not go through unless it was done through a vigorous review, which he broke'.

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