Canadian government to buy troubled Trans Mountain pipeline

Kinder Morgan

Kinder Morgan had paused non-essential spending on the project over disputes between provincial governments in Alberta and B.C.

Mr Morneau said the deal with Kinder Morgan is likely to be closed by August 2018.

Finance Minister Bill Morneau's "don't worry, be happy" approach relies on saying there are plenty of investors who will be prepared to take the pipeline off Ottawa's hands once it is built.

Moe has repeatedly said the federal government should do more to ensure the project gets built and charged they have "no clear plan" to do so.

Under the proposed federal plan, the Trans Mountain pipeline will be placed under the stewardship of a new Crown corporation and Ottawa will divest itself of the project at a later date.

Supporters of the the move say the government's purchase of the project helps ensure the pipeline extension will be built, which will preserve jobs, reassure investors and get resources to world markets. The pipeline would see bitumen from Alberta shipped to the Westridge marine terminal in Burnaby, B.C.

The pipeline purchase would also transfer to the federal government all of the people involved in building the expansion, including project managers and construction workers. But British Columbia has refused to yield.

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Ottawa wants us to believe that its nationalization of the Trans Mountain pipeline is yet further evidence of its commitment to a project it has repeatedly described as in the national interest.

The decision represents "a massive, unnecessary financial burden on Canadian taxpayers", Canadian Taxpayers Federation Federal Director Aaron Wudrick said.

He argues the NDP government hasn't thought this issue through.

"I knew the potential options they were facing, I just didn't know which one they would settle on", Crey said.

But John Horgan, the premier of British Columbia, said the federal government's purchase won't halt his province's court challenge.

"He has responsibilities as the leader of the Government of Canada and I have responsibilities as the leader of the Government of British Columbia".

In a tweet, Premier Rachel Notley called the announcement "a major step forward for all Canadians".

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"This changes nothing, in fact, we're going to have to work even harder to continue relaying that message to Justin Trudeau and his government", he told the NOW.

Canadian pension funds, Indigenous groups and others have expressed interest in the project, Morneau said.

Ball says the move out west is a sign that the federal government is willing to work and take down barriers to getting oil and gas projects off the ground.

"MLA for Skeena-Bulkley Valley Nathan Cullen said that "[Prime Minister Justin] Trudeau just dropped $4.5 billion of your money on a 65 year old pipeline that leaks".

"We've seen the federal government involved in the environmental assessment and so on". The company said it would decide on the pipeline project's fate on 31 May.

"When the pipeline spills like that on our land, if we don't mobilize and if we don't go there and if we don't show our presence, then they can continue to do this and get away with it", she said.

Long after getting federal approval to nearly triple the capacity of its six-decade old conduit in 2016, Kinder became the latest pipeline operator to come against fierce local opposition in Canada. And the Opposition Conservatives were livid at the prospect of nationalizing a private-sector asset.

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