Trans Mountain court action continues, John Horgan says

Trans Mountain court action continues, John Horgan says

Steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada's Trans Mountain Expansion Project sit on rail cars at a stockpile site in Kamloops, British Columbia, Canada May 29, 2018.

Wall joined BNN Bloomberg hours after the federal government committed $4.5B to purchase all of Trans Mountain from Kinder Morgan Canada.

Kinder Morgan has threatened to back out of the expansion project by May 31 if Ottawa, B.C. and Alberta can't come to an agreement.

Ottawa approved the project in 2016 after an environmental review, saying it was in the "national interest".

Bad enough that people like hysterical, anti-pipeline protesters, as Robert Bryce explains in his book Power Hungry, refuse to accept the inescapable reality that, "We use hydrocarbons - coal, oil and natural gas - not because we like them, but because they produce lots of heat energy from small spaces, at prices we can afford in the quantities that we demand".

Access to new oil markets was also key to Canada meeting its Paris climate target because Alberta, the nation's singled largest pollution emitter, agreed to take action against carbon emissions, if it gained access to new markets for its oil.

If the federal government took just $9 billion from its proposed $20-billion bailout for Kinder Morgan, it could fund three partial upgraders in Alberta capable of upgrading 300,000 barrels of bitumen a day.

Amid the feud, the pipeline has become a barometer for foreign investments in Canada, with some warning of a spillover into other sectors of the economy.

She suggested that could mean B.C.'s constitutional argument over that government's say in what moves through the province will have less relevance.

The Desjardins analysts suggested that, even if the pipeline were to be built, it would not provide enough capacity for Canadian oil exports going forward.

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Morneau said shovels will be in the ground during the current construction season. Notley said construction is to resume on the line within weeks.

Alberta's oil industry has seen its attempts to have other pipeline projects built sunk by regulatory and political opposition, including cross-border projects such as Keystone XL, still stalled because of opposition in Nebraska and South Dakota.

His Liberals face a hard balancing act in trying to champion climate action while supporting growth in Canada's oil sector.

Notley held a jubilant news conference in front of the legislature in Edmonton after the federal government announced it is buying the 65-year-old oil pipeline from Alberta to the B.C. coast. But British Columbia has refused to yield. Moe also questioned how much more money taxpayers will have to pay for the construction of the project and what the move signals to investors.

Green Party of Canada Leader Elizabeth May called it a "huge subsidy to fossil fuels" on Twitter.

"This is the moment in history where Justin Trudeau has revealed that he never cared about Indigenous rights or reconciliation", said Will George, Tsleil-Waututh member and spokesperson for the Coast Salish Watch House.

Vancouver Mayor Gregor Robertson called the pipeline an "unacceptable risk" that threatens 10,000 jobs in the harbour.

"Canada stands to sacrifice its worldwide reputation, irreplaceable iconic species like the Southern resident Killer Whales, and its commitments to meet its Paris Climate targets and to reconcile with Indigenous people - all while putting enormous risk on Canadian taxpayers".

In recent months, thousands have protested against the project across Canada. "The only (way) in our estimation that that can be done is through exerting our jurisdiction by purchasing the project".

Duane Bratt said it's too soon to say whether Trans Mountain will give Notley a bump in the polls, but no deal by Thursday would clearly have been a killer. "They have a form of Crown immunity, which actually limits the degree to which provincial laws would apply to the project".

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