Monday, 18 June, 2018

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

Kinder Morgan reported the spill at its Darfield station around 5 a.m VOTE: Do you think Canada should pay for the Kinder Morgan pipeline?
Velma Reese | 30 May, 2018, 15:31

Trudeau would not tip his hand Monday on the state of talks with Kinder Morgan, but reiterated his government's constant refrain that the project is absolutely going to be built.

Indigenous leaders, who have been at the forefront of a grassroots campaign against the Trans Mountain project, have vowed that the pipeline "will never be built". "We will not stop until the job is done", Notley said.

During the call, the federal government said Trudeau "reiterated" the federal government's jurisdiction over interprovincial pipelines, and noted that the Government of Canada "is confident that, with this agreement, it is upholding the trust Canadians have placed in the government".

The premier also didn't discourage protesters.

In recent months, thousands have protested against the project across Canada. "The federal government has responded and that's their business", Horgan said. Kinder Morgan wasn't sure how far Ottawa would go to deal with any setbacks the courts or activists might deal it.

The move drew immediate criticism from both sides of the political spectrum, and could hurt Trudeau's popularity in the key British Columbia battleground in a 2019 federal election. "If the Federal Court Of Appeal rules that the permits were granted illegally, they were granted illegally to Kinder Morgan or the federal government".

"It's a mess out there", said a Calgary industry source not authorized to speak publicly.

Ottawa paid $13 per Kinder Morgan share and the investor said he had a target price of $35 over time, if the pipeline is built.

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.

Silva backs Fabinho to shine at Liverpool
His response made clear that he'd be more than keen to see him arrive at the Merseyside club in the weeks ahead. Liverpool have completed the signing of Monaco midfielder Fabinho on a four-year deal said to be worth £43.7m.

Canada's oil sector has been stung in the past year as foreign energy companies retreated amid concerns about the environmental toll, high production costs and a risky regulatory regime.

Kinder Morgan Canada will continue to hold an integrated network of crude tank storage and rail terminals in Alberta, the company said.

Kean did not say why he chose to sell rather than absorb the risk of further delays.

Once the KM sale is complete, Canada will continue the TMX construction on its own, with a view to selling it down the road once market conditions are more favourable. It's actually better for Kinder Morgan than it is for Canada.

One man said he thought the project would be profitable for Canada.

Moe has repeatedly said the federal government should do more to ensure the project gets built and charged they have "no clear plan" to do so. Like their national counterparts, the province's Greens adamantly oppose the Trans Mountain pipeline.

"Weaker economic growth is forecast across the country, with only British Columbia, Prince Edward Island, Ontario and Quebec expected to see growth above 2 per cent this year", said Marie-Christine Bernard, director of provincial forecast for the Conference Board of Canada in a news release Tuesday.

Michael Ferguson's report found there were fundamental failures of project management and oversight in implementing the Phoenix pay system; that Indigenous people had been let down yet again by their government; and that delays in decision-making by the public-private partnership building the Champlain Bridge replacement in Montreal had cost $500 million - money that, it turns out, could have been spent buying roughly 127 km of pipeline for the government. The contribution will convert into equity in the pipeline.

That decision came as British Columbia Premier John Horgan was working on a court challenge to seek judicial guidance on whether provinces can restrict what flows through pipelines for environmental reasons.

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