http://www.cbc.ca/news/politics/liberals-trans-mountain-pipeline-kinder-morgan-1.4681911
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Paul Douglas
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Richard Dekkar
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I wholeheartedly agree Sir. Methinks it should be no surprise as to why CBC did not offer a comment section about this "News" item today N'esy Pas?
http://www.cbc.ca/news/canada/new-brunswick/energy-east-saint-john-darling-trans-mountain-federal-1.4683280
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Saint John Mayor Dan Darling hasn't given up on the Energy East pipeline project. (CBC)
Saint John Mayor Don Darling is calling on the federal government to revive the Energy East pipeline in light of its decision Tuesday to spend $4.5 billion to purchase the Trans Mountain pipeline and save the contentious expansion to the B.C. coast.
Last fall, the TransCanada Corp. abandoned its plan to build a pipeline to move crude oil from Alberta to an export terminal in Saint John, blaming new environmental criteria for the project.
But Darling wonders whether the federal government might now intervene.
"It does not seem fair that we couldn't get the level of support," he said. "I mean, it seems like this is a project that the federal government is going to push through at all costs."
Jim Irving, co-chief executive officer of J.D. Irving Limited, also addressed the issue with reporters Tuesday, following his luncheon address marking the Saint John Chamber's 200th anniversary.
"I'm not going to get into the politics of it, that's not my job. But I will tell you we should not let go of Energy East. It's still the right thing for the country," he said.
"This is not just about our region, this is about Canada. You need to get the oil to market on a competitive basis, absolutely essential. And for this part of the country, for New Brunswick in particular, Saint John, [it's] absolutely very important.
"So we'd encourage everybody in Ottawa not to let go. Stick with it."
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Jim Irving, co-chief executive officer of J.D. Irving Limited, told reporters the Energy East pipeline 'would be the right thing to have,' not just for New Brunswick, but Canada. (CBC)Federal Finance Minister Bill Morneau called the decision to purchase the existing Trans Mountain pipeline and the proposed expansion from Kinder Morgan "an investment in Canada's future."
Kinder Morgan had estimated the cost of building the expansion would be $7.4 billion, but Morneau insisted the project will not have a fiscal impact.
He said many groups have already expressed interest in eventually buying the pipeline, including Indigenous groups and pension funds, but it will operate as a Crown corporation for now.
The decision to buy the pipeline came after Kinder Morgan threatened to abandon the project, which is facing opposition and delays by the B.C. government.
Federal officials pointed out Tuesday that Trans Mountain was approved by both the National Energy Board and the federal cabinet in 2016, while Energy East never reached that point because of delays to the hearings.
Analysts also said the approval of other pipelines, including Trans Mountain and Keystone XL, weakened the business case for Energy East.
Still, Darling said he plans to follow up with Energy East proponents to see if it's something they can move on.
The proposed Energy East project would have carried more than one million barrels of oil every day from Alberta and Saskatchewan across the country to be refined or exported from plants in New Brunswick and Quebec.
It would have added 1,500 kilometres worth of new oil pipelines to an existing network of more than 3,000 kilometres, which would have been converted from carrying natural gas to carrying oil.
The Trans Mountain agreement, which must still be approved by Kinder Morgan's shareholders, is expected to close in August.
The twinning of the 1,150-kilometre-long Trans Mountain pipeline between Strathcona County, near Edmonton, and Burnaby, B.C., will nearly triple its capacity to an estimated 890,000 barrels a day and increase traffic off B.C.'s coast from approximately five tankers to 34 tankers a month.
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Finance Minister Bill Morneau announced today the government is buying the Trans Mountain pipeline for $4.5 billion. (Chris Wattie/Reuters)
The Liberal government will buy the Trans Mountain pipeline and related infrastructure for $4.5 billion, and could spend billions more to build the controversial expansion.
Finance Minister Bill Morneau announced details of the agreement reached with Kinder Morgan at a news conference with Natural Resources Minister Jim Carr this morning, framing the short-term purchase agreement as financially sound and necessary to ensure a vital piece of energy infrastructure gets built.
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Morneau said the project is in the national interest, and proceeding with it will preserve jobs, reassure investors and get resources to world markets. He said he couldn't state exactly what additional costs will be incurred by the Canadian public to build the expansion, but suggested a toll paid by oil companies could offset some costs and that there would be a financial return on the investment.
Kinder Morgan had estimated the cost of building the expansion would be $7.4 billion, but Morneau insisted that the project will not have a fiscal impact, or "hit."
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The Conservatives' Shannon Stubbs and the NDP's Jenny Kwan discuss the government's pipeline purchase. 8:37He said the government does not intend to be a long-term owner, and at the appropriate time, the government will work with investors to transfer the project and related assets to a new owner or owners. Investors such as Indigenous groups and pension funds have already expressed interest, he said.
Until then, the project will proceed under the ownership of a Crown corporation. The agreement, which must still be approved by Kinder Morgan's shareholders, is expected to close in August.
A senior government official, speaking on background, said the government hopes to get a new commercial buyer for the pipeline by August, but if that doesn't happen, it will put up the $4.5 billion to purchase the assets.
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Finance Minister Bill Morneau explains the reasons behind the government's decision to buy the Trans Mountain pipeline for $4.5 billion. 2:21The government won't publicly discuss construction cost for the expansion because it wants private companies to carry out their own assessments, then bid on the project, the official said.
Conservative Leader Andrew Scheer said today's decision does nothing to advance the project, since the legal questions and obstacles still remain. He said the government has failed to take action to ensure certainty around the expansion by resolving jurisdictional issues.
"This is a very, very sad day for Canada's energy sector. The message that is being sent to the world is that in order to get a big project build in this country, the federal government has to nationalize a huge aspect of it," he said.
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Consevative Leader Andrew Scheer criticizes the governments decision to buy the Trans Mountain pipeline from Kinder Morgan. 0:53NDP Leader Jagmeet Singh called it a "bad deal that will solve nothing." Pushing ahead with the pipeline betrays the government's promise to ease reliance on fossil fuels, he said.
"Climate change leaders don't spend $4.5 billion dollars on pipelines," he said. "We need a government with a vision that takes our future seriously."
The pipeline expansion project has faced intense opposition from the B.C. government, environmental activists and some Indigenous groups.
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Natural Resources Minister Jim Carr says that the Trans Mountain pipeline purchase can help Canadians achieve a clean environment and good jobs. 1:48Carr said the plan does not sacrifice the environment for economic benefits.
"Canadians want both and we can have both," he said.
Kinder Morgan issued a statement that says the deal represents the best way forward for shareholders and Canadians.
"The outcome we have reached represents the best opportunity to complete Trans Mountain Expansion Project and thereby realize the great national economic benefits promised by that project," said chairman and CEO Steve Kean.
"Our Canadian employees and contractors have worked very hard to advance the project to this critical stage, and they will now resume work in executing this important Canadian project."
Green Party Leader Elizabeth May, who pleaded guilty Monday to criminal contempt for protesting the pipeline, tweeted that Kinder Morgan is "laughing all the way to the bank."
She called it a bad public policy decision that future generations will regret.
"Historically, I'm quite certain, this will go down as an epic financial, economic boondoggle that future students of political science will say, 'Why on earth did they do that? That made no sense,'" she said.
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Green Party Leader Elizabeth May says the decision to buy the Trans Mountain pipeline will go down in history as one of Canada's greatest epic, economical boondoggles. 1:13Alberta Premier Rachel Notley called it "a major step forward for all Canadians." She believes any efforts to "harass" the project will have less effect with the federal government as the owner, because it will have Crown immunity in legal proceedings.
She said the pipeline remains a commercially viable project that will turn a profit. She conceded that governments could be on the hook if there is a spill, but said spills are becoming less frequent.
"Just like any project, there is risk. In this case, the risk is very low," she said.
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'I'm confident in recommending this to Albertans as a reasonable approach to getting this pipeline built,' says Rachel Notley. 7:39Prime Minister Justin Trudeau took to Twitter to praise the deal.
"Today, we've taken action to create and protect jobs in Alberta and B.C., and restart construction on the TMX pipeline expansion, a vital project in the national interest," his post says.
Under the arrangement, the government will indemnify a potential buyer for additional costs caused by provincial or municipal attempts to delay or obstruct the expansion. It also promises to underwrite costs if the proponent abandons the project because of an adverse judicial decision, or because it can't be completed by a predetermined date despite "commercially reasonable efforts."
Under either of those scenarios, the government will have the option to re-purchase the pipeline before the expansion is abandoned.
Notley has been locked in a bitter dispute over the pipeline with B.C. Premier John Horgan.
Today, Horgan said a change of ownership doesn't alter his concerns about the risk of a spill that could harm the coastal environment and said he'll proceed with a legal challenge.
"The good news is I think I have a better chance of progress with a Crown corporation and a government that is responsive to people rather than a company that is only responsive to its shareholders," he told CBC in Vancouver.
In a news conference, Horgan said the dispute should have been resolved through a joint reference to the Supreme Court.
"Now we have both Ottawa and Alberta, rather than going to court to determine jurisdiction, they're making financial decisions that affect taxpayers, and they'll have to be accountable for that."
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The twinning of the 1,150-kilometre-long Trans Mountain pipeline will nearly triple its capacity to an estimated 890,000 barrels a day and increase traffic off B.C.'s coast from approximately five tankers to 34 tankers a month. (CBC News)The federal government had looked at three options for moving the project forward:
The company had said it needed clarity on a path forward for the project by May 31 or it would walk away from construction.
The original Trans Mountain pipeline was built in 1953. The expansion would be a twinning of the existing 1,150-kilometre pipeline between Strathcona County (near Edmonton), Alta., and Burnaby, B.C. It would add 980 kilometres of new pipeline and increase capacity from 300,000 barrels a day to 890,000 barrels a day.
According to Kinder Morgan's project website, the construction and the first 20 years of expanded operations would mean a combined government revenue of $46.7 billion, with $5.7 billion for B.C., $19.4 billion for Alberta and $21.6 billion for the rest of Canada.
Liberals to buy Trans Mountain pipeline for $4.5B to ensure expansion is built
Canadian public could also incur millions to construct expansion project with estimated price tag of $7.4B
· CBC News· Posted: May 29, 2018 8:15 AM ET8030 Comments
Paul Douglas
David Amos
@david mccaig "The ONLY TIME these right wingers agree with Justin Trudeau IS WHEN HE'S WRONG"
Methinks the left wingnuts are having a bad day N'esy Pas?
Methinks the left wingnuts are having a bad day N'esy Pas?
Rick Guthrie
A small minority of alarmist must not be allowed to stop this national project.
Erika Blair
@Rick Guthrie
Actually, it's about half the nation against this federal move and that will only grow. The Liberals are finished in the west.
Actually, it's about half the nation against this federal move and that will only grow. The Liberals are finished in the west.
David Amos
@Erika Blair Methinks Trudeau The Younger and his sunny days and sunny ways in 2015 may be a mere matter of history for his peoplekind to review now that even his Carbon Tax plan is jeopardy if Doug Ford wins a mandate N'esy Pas?
Marc R Henry
In other words, Canada and the Trudeau Liberals were incapable of getting its act together so that a private company could come in and complete a simple project at no cost to taxpayers. In my books the Trudeau Liberals have failed, regardless of how the pipeline gets built . They'll throw unlimited taxpayer dollars at this now to try cut their political losses. Heck, even Nanos has the Liberals in second place in the polls now.
Rob Lehtisaari
@Marc R Henry
Those thinking simply, might be found of simple thinking.
Those thinking simply, might be found of simple thinking.
David Amos
@Rob Lehtisaari Methinks that many of my political foes may wish to claim that I resemble that remark N'esy Pas?
However it appears that they forgot I am for the pipelines going east and west but not south.
Fundy Royal, New Brunswick Debate – Federal Elections 2015
https://www.youtube.com/watch?v=-cFOKT6TlSE
However it appears that they forgot I am for the pipelines going east and west but not south.
Fundy Royal, New Brunswick Debate – Federal Elections 2015
https://www.youtube.com/watch?v=-cFOKT6TlSE
Dale Boire
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![Bill Hill]()
Whatever the decision the taxpayer will likely be on the hook.
Joseph Power
@Dale Boire
"The first 20 years of expanded operations would mean a combined government revenue of $46.7 billion, with $5.7 billion for B.C., $19.4 billion for Alberta and $21.6 billion for the rest of Canada."
Did you even read the article?
"The first 20 years of expanded operations would mean a combined government revenue of $46.7 billion, with $5.7 billion for B.C., $19.4 billion for Alberta and $21.6 billion for the rest of Canada."
Did you even read the article?
David Amos
@Dale Boire "wishful thinking is always the starting dialogue"
Well Put Sir
Well Put Sir
Clint Allen
I just can't believe how utterly incompetent this government is.
It's just not Trudeau either, although he so incompetent he's responsible for it all.
It's his choice in ministers, one after another.
I can't think of a single one, except perhaps Garneau that is basically competent.
Worst government in Canadian history.
It's just not Trudeau either, although he so incompetent he's responsible for it all.
It's his choice in ministers, one after another.
I can't think of a single one, except perhaps Garneau that is basically competent.
Worst government in Canadian history.
David Amos
@John Gerrits "It's called Sunny Ways. Incompetent PM appointing diverse,incompetent ministers making diverse incompetent decisions for inclusion.."
YUP
YUP
Don Cameron
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Canadian Press is reporting the Feds are considering BUYING Transmountain as one of the options to solve their pipeline conundrum.
No matter what they choose, it looks like this debacle is going to cost Canadians Billions and Billions of dollars.
Trudeau thinks that every problem can be solved by throwing money at it. Our money.
No matter what they choose, it looks like this debacle is going to cost Canadians Billions and Billions of dollars.
Trudeau thinks that every problem can be solved by throwing money at it. Our money.
Dwight Williams
@Don Cameron
What I find really fascinating is that pro-pipeline people here are so stupid that you can write a post which can be seen as tacitly opposed to getting the KM pipeline done, but as long as you criticize Trudeau they will still give you plenty of 'likes'.
That's a far worse problem for our democracy than anything Trudeau is going to do.
What I find really fascinating is that pro-pipeline people here are so stupid that you can write a post which can be seen as tacitly opposed to getting the KM pipeline done, but as long as you criticize Trudeau they will still give you plenty of 'likes'.
That's a far worse problem for our democracy than anything Trudeau is going to do.
David Amos
@Dwight Williams "What I find really fascinating is that pro-pipeline people here are so stupid"
Methinks its the stupidly of the clowns that helps folks enjoy the circus N'esy Pas?
Methinks its the stupidly of the clowns that helps folks enjoy the circus N'esy Pas?
Daryl McBride
Announcing to the world, Canada is closed for business unless it is tax payer funded.
Jacob Hobart
@Daryl McBride Hye now, centrally managed projects are good. That Phoenix project worked out pretty well right? Ah...wait...
Rick Wier
@Jacob Hobart conservative project, rushed to completion so harper could claim he had done something, conservative failure
Daryl McBride
@Rick Wier
Because Trudeau implemented it after he was told it wasn't ready?
Because Trudeau implemented it after he was told it wasn't ready?
David Amos
@Daryl McBride True
Jerry Maguire
Trudeau telling the world we cannot move away from oil fast enough and his finance minister telling a private funding pipeline company and the world we will foot the bill for the pipeline is what we have today folks. The dichotomy of virtue signal and government incompetence is astounding.
David Amos
@Jerry Maguire "The dichotomy of virtue signal and government incompetence is astounding."
Methinks you should study things south of the 49th if you enjoy a circus N'esy Pas?
Methinks you should study things south of the 49th if you enjoy a circus N'esy Pas?
Jacques Renoir
This will be Trudeau's Waterloo.
Karen King
@Dary Moed
Apology for what, he got 'er done
Apology for what, he got 'er done
Angelica West
@Karen King Nothings done yet cowpoke.
David Amos
@Angelica West ROTFLMAO
Richard Dekkar
None of this was necessary. With real political leadership, the laws of this country would be enforced and the pipeline would be built without any taxpayer money at risk. Instead, Canada has become an international laughingstock for deliberately working to hobble its own economy.
David Amos
@Richard Dekkar "None of this was necessary. With real political leadership, the laws of this country would be enforced and the pipeline would be built without any taxpayer money at risk."
I wholeheartedly agree Sir. Methinks it should be no surprise as to why CBC did not offer a comment section about this "News" item today N'esy Pas?
http://www.cbc.ca/news/canada/new-brunswick/energy-east-saint-john-darling-trans-mountain-federal-1.4683280
Saint John mayor calls on feds to revive Energy East after $4.5B Trans Mountain deal
Don Darling says TransCanada's proposed pipeline project also had 'a lot of merit'
Saint John Mayor Don Darling is calling on the federal government to revive the Energy East pipeline in light of its decision Tuesday to spend $4.5 billion to purchase the Trans Mountain pipeline and save the contentious expansion to the B.C. coast.
Last fall, the TransCanada Corp. abandoned its plan to build a pipeline to move crude oil from Alberta to an export terminal in Saint John, blaming new environmental criteria for the project.
But Darling wonders whether the federal government might now intervene.
"It does not seem fair that we couldn't get the level of support," he said. "I mean, it seems like this is a project that the federal government is going to push through at all costs."
- Liberals to buy Trans Mountain pipeline for $4.5B to ensure expansion is built
- 'A great day': Kinder Morgan CEO cheerful after Trans Mountain sale
- Demise of Energy East a 'devastating blow' to Saint John, mayor says
Jim Irving, co-chief executive officer of J.D. Irving Limited, also addressed the issue with reporters Tuesday, following his luncheon address marking the Saint John Chamber's 200th anniversary.
"I'm not going to get into the politics of it, that's not my job. But I will tell you we should not let go of Energy East. It's still the right thing for the country," he said.
"This is not just about our region, this is about Canada. You need to get the oil to market on a competitive basis, absolutely essential. And for this part of the country, for New Brunswick in particular, Saint John, [it's] absolutely very important.
"So we'd encourage everybody in Ottawa not to let go. Stick with it."
Kinder Morgan had estimated the cost of building the expansion would be $7.4 billion, but Morneau insisted the project will not have a fiscal impact.
He said many groups have already expressed interest in eventually buying the pipeline, including Indigenous groups and pension funds, but it will operate as a Crown corporation for now.
The decision to buy the pipeline came after Kinder Morgan threatened to abandon the project, which is facing opposition and delays by the B.C. government.
Energy East further behind
Federal officials pointed out Tuesday that Trans Mountain was approved by both the National Energy Board and the federal cabinet in 2016, while Energy East never reached that point because of delays to the hearings.
Analysts also said the approval of other pipelines, including Trans Mountain and Keystone XL, weakened the business case for Energy East.
Still, Darling said he plans to follow up with Energy East proponents to see if it's something they can move on.
The proposed Energy East project would have carried more than one million barrels of oil every day from Alberta and Saskatchewan across the country to be refined or exported from plants in New Brunswick and Quebec.
5 more tankers a month
It would have added 1,500 kilometres worth of new oil pipelines to an existing network of more than 3,000 kilometres, which would have been converted from carrying natural gas to carrying oil.
The Trans Mountain agreement, which must still be approved by Kinder Morgan's shareholders, is expected to close in August.
The twinning of the 1,150-kilometre-long Trans Mountain pipeline between Strathcona County, near Edmonton, and Burnaby, B.C., will nearly triple its capacity to an estimated 890,000 barrels a day and increase traffic off B.C.'s coast from approximately five tankers to 34 tankers a month.
Liberals to buy Trans Mountain pipeline for $4.5B to ensure expansion is built
Canadian public could also incur millions to construct expansion project with estimated price tag of $7.4B
· CBC News· Posted: May 29, 2018 8:15 AM ET
The Liberal government will buy the Trans Mountain pipeline and related infrastructure for $4.5 billion, and could spend billions more to build the controversial expansion.
Finance Minister Bill Morneau announced details of the agreement reached with Kinder Morgan at a news conference with Natural Resources Minister Jim Carr this morning, framing the short-term purchase agreement as financially sound and necessary to ensure a vital piece of energy infrastructure gets built.
Politics News
How much will the pipeline end up costing Canadians?
00:0008:23
'When it's in Canadians' advantage to know them...then of course that's going to be fully transparent,' says Bill Morneau. 8:23
"Make no mistake, this is an investment in Canada's future," Morneau said.Morneau said the project is in the national interest, and proceeding with it will preserve jobs, reassure investors and get resources to world markets. He said he couldn't state exactly what additional costs will be incurred by the Canadian public to build the expansion, but suggested a toll paid by oil companies could offset some costs and that there would be a financial return on the investment.
Kinder Morgan had estimated the cost of building the expansion would be $7.4 billion, but Morneau insisted that the project will not have a fiscal impact, or "hit."
Politics News
Opposition MPs react to Trans Mountain purchase
00:0008:37
A senior government official, speaking on background, said the government hopes to get a new commercial buyer for the pipeline by August, but if that doesn't happen, it will put up the $4.5 billion to purchase the assets.
Politics News
Morneau says government is buying Trans Mountain pipeline
00:0002:21
Conservative Leader Andrew Scheer said today's decision does nothing to advance the project, since the legal questions and obstacles still remain. He said the government has failed to take action to ensure certainty around the expansion by resolving jurisdictional issues.
"This is a very, very sad day for Canada's energy sector. The message that is being sent to the world is that in order to get a big project build in this country, the federal government has to nationalize a huge aspect of it," he said.
Politics News
Scheer says Trans Mountain deal unnecessary
00:0000:53
"Climate change leaders don't spend $4.5 billion dollars on pipelines," he said. "We need a government with a vision that takes our future seriously."
The pipeline expansion project has faced intense opposition from the B.C. government, environmental activists and some Indigenous groups.
Politics News
Carr says Canadians can have a healthy planet and a strong economy
00:0001:48
"Canadians want both and we can have both," he said.
'Great economic benefits'
Kinder Morgan issued a statement that says the deal represents the best way forward for shareholders and Canadians.
"The outcome we have reached represents the best opportunity to complete Trans Mountain Expansion Project and thereby realize the great national economic benefits promised by that project," said chairman and CEO Steve Kean.
Green Party Leader Elizabeth May, who pleaded guilty Monday to criminal contempt for protesting the pipeline, tweeted that Kinder Morgan is "laughing all the way to the bank."
She called it a bad public policy decision that future generations will regret.
"Historically, I'm quite certain, this will go down as an epic financial, economic boondoggle that future students of political science will say, 'Why on earth did they do that? That made no sense,'" she said.
Politics News
May says Trans Mountain deal seems 'completely insane'
00:0001:13
She said the pipeline remains a commercially viable project that will turn a profit. She conceded that governments could be on the hook if there is a spill, but said spills are becoming less frequent.
"Just like any project, there is risk. In this case, the risk is very low," she said.
Politics News
Alberta premier on feds' Trans Mountain purchase
00:0007:39
"Today, we've taken action to create and protect jobs in Alberta and B.C., and restart construction on the TMX pipeline expansion, a vital project in the national interest," his post says.
Under the arrangement, the government will indemnify a potential buyer for additional costs caused by provincial or municipal attempts to delay or obstruct the expansion. It also promises to underwrite costs if the proponent abandons the project because of an adverse judicial decision, or because it can't be completed by a predetermined date despite "commercially reasonable efforts."
Under either of those scenarios, the government will have the option to re-purchase the pipeline before the expansion is abandoned.
Bitter dispute
Notley has been locked in a bitter dispute over the pipeline with B.C. Premier John Horgan.
Today, Horgan said a change of ownership doesn't alter his concerns about the risk of a spill that could harm the coastal environment and said he'll proceed with a legal challenge.
"The good news is I think I have a better chance of progress with a Crown corporation and a government that is responsive to people rather than a company that is only responsive to its shareholders," he told CBC in Vancouver.
In a news conference, Horgan said the dispute should have been resolved through a joint reference to the Supreme Court.
"Now we have both Ottawa and Alberta, rather than going to court to determine jurisdiction, they're making financial decisions that affect taxpayers, and they'll have to be accountable for that."
- compensating Kinder Morgan — or any other company — for financial losses caused by British Columbia's attempts to block the project;
- buying and building the expansion itself, and then selling it once the work is complete, or;
- buying the project from Kinder Morgan, then putting it on the market for investors willing to pick up the project and build it themselves.
The company had said it needed clarity on a path forward for the project by May 31 or it would walk away from construction.
The original Trans Mountain pipeline was built in 1953. The expansion would be a twinning of the existing 1,150-kilometre pipeline between Strathcona County (near Edmonton), Alta., and Burnaby, B.C. It would add 980 kilometres of new pipeline and increase capacity from 300,000 barrels a day to 890,000 barrels a day.
According to Kinder Morgan's project website, the construction and the first 20 years of expanded operations would mean a combined government revenue of $46.7 billion, with $5.7 billion for B.C., $19.4 billion for Alberta and $21.6 billion for the rest of Canada.
With files from David Cochrane
The Canadian taxpayer will foot the bill once again.