Published: Tue, May 29, 2018
Economy | By Shawn Conner

Elizabeth May Pleads Guilty To Criminal Contempt After Kinder Morgan Protest

Elizabeth May Pleads Guilty To Criminal Contempt After Kinder Morgan Protest

In an act of "immense moral cowardice" that once again betrays his expressed commitment to helping confront the global climate crisis, Canadian Prime Minister Justin Trudeau announced on Tuesday that his government will purchase Kinder Morgan's "climate-destroying" Trans Mountain pipeline for $4.5 billion.

The transaction on which the federal government and Kinder Morgan agreed upon on Tuesday is expected to close in August 2018.

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.

The federal takeover of the existing line makes the Trudeau government "totally accountable" for risks of a tanker spill, and "allows me to have more candid conversations with the owners of the pipeline", Horgan said.

In return, Kinder Morgan will go ahead with its $7.4-billion plan to twin the pipeline carrying diluted bitumen from Alberta's oilsands to the B.C. coast and from there to overseas markets.

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These operations "are not about one country", he said, "nor are they about making political statements". The move signals United States rejection of China's claims of political control in the South China Sea.

Morneau said the federal government does not plan to be a long-term owner and is in negotiations with interested investors, including Indigenous communities, pension funds and the Alberta government, which will provide funding for any unexpected costs that arise during construction.

The Export Development Bank of Canada will finance the plan and create a Crown corporation to run and manage the pipeline during Canada's ownership period.

"We've always reckoned that the Trans Mountain expansion was logical in terms of, if you build the pipeline, the volumes will flow through it. So the additional investments will be dealt with in that way", Morneau said. They have also asked the court to reopen its evidentiary record, more than six months after hearings concluded, to consider new evidence uncovered by a National Observer investigation that revealed public servants were instructed to find a way to approve the project before the government had concluded consultations with First Nations.

"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.

Analysts have said China is eager to get access to Canada's oil, but largely gave up hope that a pipeline to the Pacific coast would be built.

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For her part, Notley says there's no immediate need to turn off the oil taps to BC, now that there is more certainty around the project.

Ottawa is pressing ahead, firmly of the opinion there is no doubt about its jurisdiction.

This decision makes flawless sense so I'm a little surprised that Justin Trudeau's government is behind it.

The pipeline would allow Canada to diversify and increase exports to Asia, where it could command a higher price.

"This is a great day for Canada, for our customers and for our employees".

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"Pipeline capacity issues are cooling oil producers' appetite for new investment and drilling was also slightly down in the last winter season", the report continued.

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