Horgan, Weaver and Notley respond to federal government's Trans Mountain pipeline purchase

Canada purchases Trans Mountain pipeline project for $4.5B

Canada purchases Trans Mountain pipeline project for $4.5B

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.

"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.

The purchase, for 4.5 billion Canadian dollars, ensures that the Trans Mountain pipeline, which carries oil from Alberta to a port in a suburb of Vancouver, British Columbia, will begin a planned expansion this summer.

Amid the feuding, the pipeline has become a barometer for foreign investments in Canada, with some warning of a spillover into other sectors of the economy. "We won't stop until the job is done!"

"This allows us to get rid of the political risk around [the pipeline] because we [are imposing] federal jurisdiction over the project", he said.

The Trudeau government has also offered to cover the losses of any company that buys the project, if the proponent is forced to abandon plans due to a court decision that reverses the federal approval of the project. "I don't know that we're going to be looking to exercise this (legislation) in the very near future", she said as beaming cabinet ministers stood behind her.

"For years and years and years, we've had pipelines built across Canada and the United States".

But Perrin Beatty, chief executive of the Canadian Chamber of Commerce, said the government needs to revamp the "badly broken" regulatory system for major energy projects.


According to Hudema, the movement opposing the project " will not back down" following the government's purchase.

"This is a project that will not have a fiscal impact", he said when asked how it would affect the federal government's deficit projections.

The big environmental groups are already announcing that the new project is doomed.

"I'm concerned that there could be catastrophic consequences of a diluted bitumen spell, regardless of the owner of the pipeline", Horgan said in a press conference Tuesday morning.

His government says it continues to meet the terms of the agreement, which calls for a project office and manager to work with agencies to ensure timely processing of permits related to the project.

That would have compared favourably to rail costs of US$18 per barrel to the U.S. Gulf Coast and US$16 per barrel to Los Angeles, the company said. While he didn't elaborate on what that actually means, his comment suggests the Trans Mountain Expansion is not moving forward anytime soon. "But, this is an attempt to say, look, this thing has to be built, it's in the national interest for it to be built", de Bever said. Even the Conservatives criticized the government for leaving taxpayers on the hook for the project.

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.

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