Sci-tech

Trans Mountain court action continues, John Horgan says

Trans Mountain court action continues, John Horgan says

Federal Finance Minister Bill Morneau announced Tuesday that Ottawa will spend $4.5 billion to buy the pipeline and Kinder Morgan Canada's core assets, with planned work to twin the pipeline getting underway immediately at a further additional cost.

The deal was approved by cabinet on Tuesday morning and is now subject to approval by Kinder Morgan stockholders. Finance Minister Bill Morneau told media that the next step will be to sell it off to the highest bidder once market conditions allow.

That said, if it takes federal ownership to construct a project that Kinder Morgan was unable to do, that may be sign of a broader failure in Canada - not a win.

Alberta Premier Rachel Notley says she sees no immediate need to turn off the oil taps to British Columbia now that the federal government is taking over the Trans Mountain pipeline expansion.

Export Development Canada will finance the purchase, which includes the pipeline, pumping stations and rights of way along the route between Edmonton and Vancouver, as well as the marine terminal in Burnaby, B.C., where oil is loaded onto tankers for export.

Teacher, Student Injured in Noblesville School Shooting
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".

The project will duplicate an existing 1,150km pipeline, allowing it to ship up to 890,000 barrels of oil a day from landlocked Alberta to the Pacific coast of neighbouring British Columbia, in western Canada, for export overseas.

"It does not change the course that the government of British Columbia has been on since we were sworn in in July of 2017", Horgan said. "We have a pipeline to build".

Pressed about why the federal government's $4.5-billion price tag was so much lower than Kinder Morgan's stated $7.4-billion project value, Morneau said Ottawa was purchasing all the relevant assets - but he avoided saying whether construction would increase costs.

The Trans Mountain project is created to increase capacity of the 65-year-old pipeline from Edmonton, Alberta, to Burnaby, B.C., from 300,000 to 890,000 barrels per day.

"Prime Minister Justin Trudeau is making a historic mistake in buying the doomed Kinder Morgan project", Adam Scott, senior adviser at Oil Change International (OCI), said in a statement denouncing Trudeau's decision, which comes just weeks after fierce opposition from Indigenous groups and environmentalists forced the oil giant to halt construction operations.

Rick Zamperin: Golden Knights or Capitals, who wins the Stanley Cup?
How the Golden Knights GM lured his No. 2, Kelly McCrimmon, away from the WHL's Brandon Wheat Kings . It will be immediately and forever be remembered as the high point of the Gary Bettman NHL era.

As Royal Dutch Shell nears a final investment decision on a proposed C$40 billion liquefied natural gas project in northern British Columbia, hopes this may signal an easier path ahead for major energy projects in Canada may be misplaced. "It polarized us. That is not who we are", Carr told the news conference.

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.

"We have agreed to a fair price for our shareholders", said Steve Kean, chief executive officer of Kinder Morgan Canada and Kinder Morgan Inc.

Meanwhile, the court cases to quash the permits for the project remain, said May.

With the pipeline now under federal control, Horgan was asked about where his government challenge goes from here.

White House sending team to Singapore despite canceled North Korea summit
By Friday, North Korea issued a statement saying it was still "willing to give the USA time and opportunities" to reconsider talks "at any time, at any format".


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