Horgan promises to continue pipeline fight

Canada to Buy Kinder Morgan Pipeline for $3.5 Billion

Canada to Buy Kinder Morgan Pipeline for $3.5 Billion

In this case, construction of the Trans Mountain expansion-assuming a private sector buyer isn't found immediately-will be in the hands of a federal Crown corporation.

Finance minister Bill Morneau said nationalisation of the pipeline was the only way to ensure that a planned expansion could go ahead.

A veteran NDP MP had his colleagues in stitches Wednesday with colourful criticism of the Liberal government's move to buy Kinder Morgan's Trans Mountain pipeline and the core assets related to its expansion for $4.5 billion.

"My experience is that people are motivated by betrayal, they're motivated by a lack of fairness, they're motivated by a sense of shared common goal and outrage".

Morneau clarified that the government does not intend to be the long-term owner and therefore would negotiate with investors - who would be aboriginal groups or owners of pension funds - to sell them the pipeline, whose expansion was estimated would mean an outlay of about 7.4 billion dollars. It was a remote location that took most people five to seven hours to get through.

The pipeline has become a flash point for a wider debate in Canada over the environmental impact of tapping Alberta's oil sands, which critics view as a particularly polluting energy source.

In British Columbia, Premier John Horgan said his government will keep fighting the project in the courts.

Cullen then highlighted how the prime minister told Bloomberg Tuesday that Kinder Morgan walked away from the table because uncertainty around the project made it "too risky for a commercial entity".

After spending more than $850 million (USD) since it petitioned federal regulators for the project in 2013, pipeline company Kinder Morgan signaled in April that opposition to its plans to triple the design capacity for its Trans Mountain network to the western coast of Canada exposed its shareholders to undue risk.

"The protesters and the opposition, and the civil disobedience is probably going to increase", Khelsilem said.

Saskatchewan Premier Scott Moe said Horgan's administration has shown willingness only to stand in the way.

The pipeline purchase is expected to close in August.

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

"The message being sent is that to get anything built, the federal government has to nationalize it", Scheer said.

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.

That sentiment was similar to what Moe said Tuesday in response to the federal government buying the pipeline.

In a statement, Greenpeace campaigner Mike Hudema asserted that "Trudeau is gambling billions of Canadian taxpayer dollars on an oil project that will never be built - a project that Kinder Morgan itself has indicated is "untenable" and that faces more than a dozen lawsuits, crumbling economics and a growing resistance movement that is spreading around the world".

"We're going to physically, directly intervene and stop the destruction, starting on Friday".

Again and again, Morneau insisted the government's priority is getting the pipeline built and that Canada isn't seeking to profit from its eventual sale.

The move could backfire politically in B.C., where the federal Liberals hold 14 seats, and globally on the environmental stage because the government has committed to fight climate change but has chosen to buy a pipeline, said Prof.

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