Alberta Indigenous groups want to buy equity share in Trans Mountain pipeline

Cristina Cross
June 3, 2018

Kinder Morgan Canada says the expansion project originated in response to requests from oil shippers to help them reach new markets by expanding the capacity of North America's only pipeline with access to the West Coast. After all, numerous faces devising federal pipeline, energy and environmental policy now were once employed at Queen's Park devising Ontario's disastrous - utterly disastrous - "green" energy policy.

How likely do you think it is a private investor can be found in the next six to eight weeks, even though nothing has changed and no private buyer could be found in the past six to eight weeks?

The Liberals have put themselves in a tough situation with Trans-Mountain.

Grande Prairie-Mackenzie MP Chris Warkentin excoriated the Liberal government's purchase of the Trans Mountain Pipeline, blaming the prime minister for creating uncertainty in the energy industry.

And that's a chance we shouldn't let slip by.

He says it will cost $4.5 billion. Instead, he said Trudeau did nothing to fast-track any constitutional references and never introduced legislation to "entrench and enshrine federal jurisdiction".

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Is Kinder Morgan the bitumen Bombardier that may not get built? This implies that either Finance Minister Bill Morneau believes the value of the asset increased eightfold as it aged 11 years, or that its valuation is being propped up by the expected expansion and the pipeline's anticipated sale.

"This is the mischief we are here to address", Killoran said, adding protest organizers are committed to stopping Trans Mountain trucks from entering construction sites and aim to blockade other locations where the company might store equipment or have contractors working on the project. He said federal ownership will shield the project from B.C. political hijinks. If Ottawa is willing to do what's necessary to save the Western pipeline, it should offer the same commitment to resurrecting Energy East.

"There are no bad pipelines from our perspective", Quintal said.

Opposition and United Conservative Party Leader Jason Kenney said on Thursday he was still ready "to swallow the bitter pill" and support backing Alberta's $2-billion investment if it means the pipeline will be built.

As part of the agreement, the Government of Canada has agreed to fund the resumption of TMEP planning and construction work by guaranteeing TMEP's expenditures under a separate Federal Government recourse credit facility until the transaction closes.

"I'm absolutely not condemning it", he said. "People use protests as a way to express their frustration and I understand that".

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