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Morneau Takes Dig At Scheer’s Business Experience During Trans Mountain Tiff

Morneau Takes Dig At Scheer’s Business Experience During Trans Mountain Tiff

Discussing the plan on Tuesday, Finance Minister Bill Morneau said the government acted to remove political uncertainty and ensure the project goes forward as the summer construction season nears. Trudeau is gambling billions of Canadian taxpayer dollars on an oil project that will never be built - a project that Kinder Morgan itself has indicated is "untenable" and that faces more than a dozen lawsuits, crumbling economics, and a growing resistance movement that is spreading around the world.

As the Liberals try to make a government guarantee on the project, "this is taking a bad idea and turning it into a worse idea", West says.

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.

Today's deal is expected to be finalized in late August or early September. "Canada will work with investors to transfer the project, and related assets, to a new owner or owners in a way that ensures that the project's construction and operation will proceed in a manner that protects the public interest", he said. In order to expand deliveries from the tar sands area, there was an attempt to build the Keystone XL pipeline, but the Obama administration killed that by denying a permit for the pipeline to cross the border.

Elizabeth May, the leader of Canada's Green Party, characterized the project as much more than a pipeline.

But even if the Keystone XL pipeline is built, Canada is still selling 99% of its oil to refineries in the US and that narrow market means they now get far less per barrel than they would if they had access to an alternative market. "The lack of leadership on this issue is now fully evident". "Horgan and the NDP will continue to play politics with British Columbia's future, and this time it will cost us billions".

Regardless of who owns the pipeline, Moe says he hopes concerns out of British Columbia will be addressed.

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.




Horgan spoke about the call as well, during a press conference on Tuesday morning.

Horgan was adamant that his government should not shoulder any blame for the cost taxpayers may or may not incur. "We've been waiting to see from this federal government an unequivocal signaling that they support and prioritize the access to tidewater for Western Canadian oil, so we can start getting a better price for it for Canadians who own the resource".

"The federal government have overpaid for an aging asset that has huge integrity problems".

Last month, about 200 protesters opposing the expansion were arrested for breaking a court injunction barring them from entering within five metres (16ft) of two Kinder Morgan terminals in Burnaby, BC.

The $7.4 billion expansion is in addition to spending the $4.5 billion "to be at square one", said May.

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.

The Council of Canadians, meanwhile, attacked Ottawa's purchase as a "Big Oil bailout" that would not remove obstacles to the pipeline expansion. On the heels of Trudeau's announcement, the Vancouver-based Indigenous rights group Coast Protectors scheduled a rally for Tuesday evening to "say no to Trudeau's pipeline buy out".

"The cost that they did not calculate in their $4.5 billion purchase is that Indigenous frontlines will stop this pipeline".

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