Canadian government to buy pipeline project from Kinder Morgan for $4.5bn
30 May, 2018, 11:32 | Author: Tara Reeves
In return, Kinder Morgan will proceed with its original plan to twin the pipeline this summer while the sale is finalized, which likely won't happen until August, Morneau told a news conference in Ottawa. "They are getting a very good value", said Paul Bloom at Bloom Investment Counsel Inc, which owns about 300,000 shares in Kinder Morgan Canada.
"We're still looking at what I would say are commercially sensitive touch points".
The federal Liberal government and its new Crown corporation are on track to be taught the same lesson.
"If the province of British Columbia tries to get an injunction to stop the federal government from going ahead with the pipeline, it is highly unlikely it will get very far in a Canadian court", Austin added. The federal government and the Houston company were in talks for over a month about saving the project, which Kinder Morgan threatened to abandon as of Thursday unless federal officials remove political.
"The previous government spent 10 years pitting the environment and the economy against each other; they pitted us against each other".
Presumably, the cost to the new owners - us - will be about the same. The majority of Canadians understand that we are in a transition to a clean-growth century, and we will not get there overnight. "Why would we agree to a project that went through the worst environmental review in the history of time, which Bill Morneau referred to as the 'most rigorous process in our history, ' " said May.
Canada is buying a pipeline expansion project rather than risk it being derailed by protests and delays.
Prime Minister Justin Trudeau emphasized those differences in his first public comment since his government's announcement.
Once the sale is final, Canada will continue construction on its own in hopes of selling the pipeline down the road. If Alberta simply upgraded what it sent through the Trans Mountain pipeline into oil, the existing pipeline's capacity, as well as that of all other pipelines that service the oil sands, could be boosted by a third.
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Israeli Prime Minister Benjamin Netanyahu is also expected to meet with European leaders to discuss Iran next week. Following Lavrov's statement, the Israeli PM asserted that there is no place for Iran's military forces in Syria .
We just wanted to maintain our defense, or get our defense going, and hope that the fatigue on their side would be a factor. Clint Capela made a hook shot for Houston but Durant hit a long 3 seconds later to make it 86-75.
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The pressure continued in the second, with Clint Capela outstanding on defence for Houston with a string of rebounds. The Warriors dominated third quarters all season long and have kicked it into another gear during the playoffs.