Economy

Canada to buy Kinder Morgan pipeline project assets

Canada to buy Kinder Morgan pipeline project assets

A Finance Department official says that as a Crown project in the national interest, Canada has special allowances to proceed that may not be available to a private-sector company. The move ended weeks of speculation sparked by Kinder Morgan's threat to abandon a project facing "unquantifiable risk" as the British Columbia government vowed to use every tool to block it.

Still, Scheer said Conservatives were able to get pipelines built without relying on taxpayers' cash.

The only studies that say the Trans Mountain pipeline will make money for the Canadian economy are reports paid for by Kinder Morgan. That would no longer be a concern - the federal government could simply choose to carry on without them if it owns the project, according to Austin.

The pipeline has become a flash point for a wider debate in Canada over the environmental impact of tapping Alberta's oil sands, which critics view as a particularly polluting energy source.

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

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The department said a suspect had been taken into custody . "It's just a shock he would do something like that", Stonebraker said. Barnes said the police would not discuss any info about the victims. " The name and age of the suspect were not released".

"We are pleased to have worked with the federal government to ensure construction resumes, certainty is increased and Albertans and all Canadians enjoy the many benefits of having the project go forward", Notley said in a statement.

Because once he was elected in 2015, he was confronted by the fact our economy is losing $15 billion annually having to sell nearly all of our oil to the U.S.at a huge discount, since we have no way to get it to global markets.

Meanwhile, British Columbia's provincial government awaits a decision on a reference case with the B.C. Court of Appeal, looking for approval to restrict the flow of oil in the province. Currently, he said yesterday, Canada is losing US$11.56 billion (C$15 billion) annually because of the pipeline constraint.

Scheer kicked things off by calling it an "extremely sad day for Canadian taxpayers" who are being forced to pay for what he called the prime minister's failure.

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. "Given it will be stuck in court for a while, I don't think we will see this pipe built anytime soon".

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More so because of the nature of Monaco, where overtaking is next to impossible. "He was stronger there and I couldn't follow". Hamilton has won the past two races and leads the championship by 17 points ahead of Vettel, who won the opening two races.

Mr. Horgan said Mr. Trudeau's commitments to reconciliation with Indigenous peoples are coming to an unavoidable conflict with this pipeline.

Vancouver Mayor Gregor Robertson called the pipeline an "unacceptable risk" that threatens 10,000 jobs in the harbour.

"He had an opportunity to walk away from pipeline politics and get on with the real work of leading Canada, and the world, in a 100 per cent renewable energy revolution, but instead he's opted to ignore science, Indigenous rights and the voices of people across Canada and bailed out a unsafe, unwanted pipeline with public money".

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. It spoke to the transportation of diluted bitumen through British Columbia by rail or by pipe.

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.

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Their big three will have to show up if they want to go into Houston and win the conference title for a fourth consecutive season. Thompson finished with 35 points, and Curry added 29, and they combined to shoot a red-hot 14-of-28 from three-point territory.

The move to buy the pipeline from an affiliate of US -based pipeline company Kinder Morgan follows the company's threat to pull the plug on the expansion because of delays caused by opponents of the project.