Hundreds rallied against federal buyout of Kinder Morgan in Vancouver

Federal government expected to finance Trans Mountain pipeline

Kinder Morgan had issued a May 31 ultimatum for clarification on the status of the project, which is now mired in legal challenges raised by B.C. Premier John Horgan and also facing Lower Mainland opposition with protests in Burnaby and Vancouver. With the Canadian government's financial and political support, the project is more likely to move forward.

"And only this prime minister would call himself a climate change leader and then be willing to spend $15 billion on a diluted bitumen pipeline to China", Cullen said.

Singh says there is a long tradition of non-violent civil disobedience in Canada and he will not condemn people who use protests to express their frustration and anger.

In October, Indigenous and environmental groups filed a lawsuit against the National Energy Board, Kinder Morgan and the federal government.

After spending more than $850 million (USD) since it petitioned federal regulators for the project in 2013, pipeline company Kinder Morgan signaled in April that opposition to its plans to triple the design capacity for its Trans Mountain network to the western coast of Canada exposed its shareholders to undue risk.

KMI "cut creative deals with lenders and oil producers to shield itself from massive write-downs like the ones taken recently by rivals TransCanada and Enbridge in canceling controversial pipeline projects", Reuters reports.

"The federal government jumped up and down and said, 'Let us know if you need any tax dollars, '" said Sims.

"They're going to go full force", she said. That doesn't include money that will have to be spent for the proposed twining of that pipeline.

His topic du jour for the last six months, Minister of Economic Development and Trade Deron Bilous spoke once again about the Trans Mountain (TMX) pipeline expansion while in Red Deer on Wednesday.

Stetski accused the Liberals of walking back on their election promises to end fossil fuel subsidies and raised concerns that the overall price tag could climb much higher than $4.5 billion.

"Obviously today was an admission by the Trudeau government that there was no way that this pipeline was going to be built, that really there was a desire by Kinder Morgan to divest of its Canadian assets". Meanwhile, a B.C. court quashed two legal challenges by the City of Vancouver and Squamish Nation, but a number of other lawsuits are still pending. He calls the move a "devastating blow" to energy investment in Canada. Pipeline opponents are also calling out Trudeau for abandoning federal commitments to take action on climate change and respect the rights of indigenous nations.

"The reason for the Kinder sale was that it wasn't able to get the pipeline built", said Joseph Doucet, dean of the Alberta School of Business at the University of Alberta.

Abbotsford is also home to a tank farm on Sumas Mountain, and Kinder Morgan is one of the city's largest taxpayers. "We rallied people and we said to them "please, help us with this" and the people of Canada, they did that".

Related News:



Most liked

OGRA recommends Rs8.37 hike in petrol price
The revised petrol prices in metropolitan cities are- Delhi: Rs 77.83 per litre; Mumbai: 85.65; Kolkata: 80.47 and Chennai: 80.80. The one paisa cut sparked derisive barbs on social media , with the attack led by Congress president Rahul Gandhi .

Russian Federation on Mueller Investigation: It's Like 'Passing Water Through a Sieve'
Nunberg told the New York Times , though he declined to classify Spygate as a conspiracy theory. Trump has repeatedly referred to Mueller's team as "13 angry Democrats".

I tried out Apple’s new HomePod features. Here’s what I learned
As always, before updating your iOS device, we recommend backing up your data. iOS 11.4 is now available for the iPhone and iPad . HomePod will automatically update to support stereo pairs, unless auto updates are disabled in the Home app.

Federal government will purchase Trans Mountain pipeline for $4.5B
Any money put toward construction would be converted into an equity stake in the federal project, she said. He added Ottawa shouldn't have to nationalize the project just to get it built.