Netizen 24 CAN: Trans Mountain pipeline project purchase 'major step forward': Rachel Notley

Posted by On 9:06 AM

Trans Mountain pipeline project purchase 'major step forward': Rachel Notley

Economy May 29, 2018 10:39 am Updated: May 29, 2018 11:51 am Trans Mountain pipeline project purchase ‘major step forward’: Rachel Notley

WATCH ABOVE: Alberta Premier Rachel Notley speaks to the media at 10 a.m. MT after the federal government announced a deal to buy the Trans Mountain pipeline project.

X

- A A + Listen

Alberta’s premier calls the decision by the federal government to purchase the Trans Mountain Pipeline expansion project for $4.5 billion “a major step forward for all Canadians.”

Premier Rachel Notley included the comment in a tweet she posted shortly after the federal government’s announcement Tuesday morning.

READ MORE: Ottawa inks deal to buy Trans Mountain pipeline project for $4.5B

Her tweet also stated “this project has more certainty than ever before. We won’t stop until the job is done!” Notley will speak further about the deal at 10 a.m. MT. You can watch the media availability live in this post.

Federal Finance Minister Bill Morneau said Kinder Morgan will move forward with its original plan to twin the pipeline this summer while the sa le is finalized, which likely won’t happen until August.

Once the sale is complete, Canada will continue the construction on its own, with a goal to sell the pipeline once market conditions will allow it to get the best price.

WATCH: Ottawa is buying Kinder Morgan’s Trans Mountain Pipeline. The finance minister said construction could begin this week. Kendra Slugoski reports.

READ MORE: Edmonton Metro mayors pledge support for Trans Mountain pipeline expansion project

Alberta’s two big city mayors stood alongside the premier, praising the federal government for its decision.

Alberta Federation of Labour president Gil McGowan said he’s impressed with the federal government for “taking decisive action.”

Export Development Canada w ill 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.

The Alberta government will provide funding for any unexpected costs that arise during construction.

READ MORE: NDP leader Jagmeet Singh sides with B.C. over Alberta in Trans Mountain dispute

There has been intense opposition towards the project from environmental groups and some Indigenous communities in B.C.

“Prime Minister Justin Trudeau’s government has just signed up to captain the Titanic of tar sands oil pipelines, putting it on a collision course with its commitments to Indigenous rights and the Paris climate agreement,” Greenpeace Canada’s Mike Hudema said in a statement.

“Trudeau is gambling billions of Canadian taxpayer dollars on an oil project that will never be built.â €

Hudema vowed the project will be cancelled despite the government’s purchase.

“Two out of five proposed new tar sands pipelines have now been cancelled in the face of Indigenous and environmental legal challenges, widespread public opposition and changing economics,” he said.

“The Trans Mountain expansion faces even steeper obstacles and will soon become the third, and Trudeau just put the public on the hook for the costs.”

Edmonton Riverbend MP Matt Jeneroux said while he’s been pushing the government “to assert their authority to get this pipeline built,” the deal has the potential to be “mired in bureaucracy” and likely cost taxpayers much more than $4.5 billion.

“This project is vitally important to Canada’s economy. However, the government’s promise to fund the project to the tune of $4.5 billion in taxpayer money shows how poorly they mismanaged the file from the beginning,” Jener oux said.

“Kinder Morgan, a private company, could have started on this pipeline much earlier, and without taxpayers being on the hook for the costs, if the government had recognized the importance of the Trans Mountain expansion project from the start.”

United Conservative Party leader Jason Kenney tweeted Tuesday morning that the UCP would comment about the announcement later Tuesday.

READ MORE: No suitors emerge for Trans Mountain pipeline stake as Kinder Morgan deadline looms

Canada approved the project in November 2016, following an expanded environmental review process that included additional consultations with Indigenous communities and assessing the amount of additional emissions likely to result from additional production.

Canada loses $15 billion every year on the sale of oil because the U.S. remains its only export customer, resulting in a lower price, Prime Minister Justin Trudeau argues. A lack of capacity in pipelines or in rail cars to ship oil produced in Alberta is also hurting Canada’s energy sector.

© 2018 Global News, a division of Corus Entertainment Inc.

Report an error

Editor's Picks

Canada

EXCLUSIVE: Coalition forces in Syria, Iraq targeted three Canadians, secret document says

Canada

A century after suffrage, where will the fight for political equality go in the next 100 years?

Canada

When he was 20, he fled Canada to join ISIS. Now he's believed dead and his family says it didn't see the signs

Canada

Canada's last military prison costs $2M a year. About half the time, it has no prisoners

Canada

NDP tied with PCs as Ford's Tories tumble in Ontario election: Ipsos poll

Blogs

ANALYSIS: For the Wynne Liberals, the Ontario election has always been 'Save the Furniture'

Health

It used to take 10 years to diagnose multiple sclerosis. Now it takes mere minutes

FLYERS

More Weekly Flyers

Global News Source: Google News

Next
« Prev Post
Previous
Next Post »