Trans Mountain ‘pipeline is going to get built’: Trudeau dismisses B.C.’s bitumen ban

petros

petros

The Central Scrutinizer
Nov 21, 2008
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He loooooves bananas.
Liberals are giving simians passports I see.

 
petros

petros

The Central Scrutinizer
Nov 21, 2008
109,303
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Low Earth Orbit
Cliffy said:
Another oil and gas company fails in Alberta — and more than a dozen others are teetering
'It's going to get a lot worse,' landowner advocate says about the number of companies on the brink
Alberta's persistently low oil and gas prices have claimed another victim as Calgary-based Trident Exploration ceased operations this week.
Several other companies could suffer the same fate.
Trident's board of directors resigned, 94 people are without work and a large number of oil and gas assets now have no owner. The company, predominantly focused on natural gas, had approximately 3,650 wells, 240 facilities and 500 pipelines, according to the Alberta Energy Regulator.
While there is no official list of how many firms have declared bankruptcy since the oil price crash in late 2014, many companies declared bankruptcy or entered creditor protection. In the last year alone, at least a dozen companies have become insolvent, according to Insolvency Insider, an industry newsletter.
Plenty of companies are in rough shape, said Daryl Bennett who works with small energy companies through his positions with the Action Surface Rights Association and Alberta Surface Rights Federation.
More: ttps://www.cbc.ca/news/business/trident-exploration-aer-owa-oilpatch-1.5120486
Time to get out while the getting is good. This is what happens when you blow your load in the present without attending to the future.
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BC Govt and especially the Squamish Band must be shitting bricks with NG prices plummeting.

Will leveraging Stanley Park and the Royal Park Mall going to cost them?

BTW, why aren't they sharing their wealth?

When their fossil fuel venture make them mega rich they'll be coming after your clan that abandoned their claim to the Slocan.

Big Injun Oil is coming for you.
 
Twin_Moose

Twin_Moose

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Western Canadian First Nations groups making progress in bid to purchase TMX

Indigenous groups from across western Canada say they are nearly ready to put forward an offer to buy the Trans Mountain pipeline expansion project.
The multi-billion-dollar project is currently awaiting federal approval, but as Ottawa finishes its final round a consultations, at least two coalitions, representing bands from across BC, Alberta and Saskatchewan, have been raising capital and organizing a potential bid.
"Invitations have gone out to all Indigenous communities — over 300 in British Columbia, Alberta and Saskatchewan," said Harrie Vredenberg, a board member with Project Reconciliation, a company that has set up shop in downtown Calgary in order to help negotiate and facilitate a 51 per cent equity stake purchase of the Trans Mountain pipeline expansion project.
Delbert Wapass, the former chief of the Saskatchewan, Thunderchild First Nation, serves as Project Reconciliation's executive Chairman. Any Indigenous group that wishes to participate in the purchase bid is welcome, he said, and would not be required to invest any money of their own.
"What we're proposing is zero risk for First Nations," Wapass said. "We're not asking them to invest anything other than their time to look at what's being proposed."
READ MORE: Consultant advises Indigenous investors to wait until Trans Mountain pipeline expansion is finished before buying in
Vredenberg says the group has been in talks with several Canadian and international banks about raising the billions of dollars needed to purchase the equity stake. It's a good investment, says University of Saskatchewan professor, Ken Coates, but only if the Trans Mountain Pipeline Expansion (TMX) project moves ahead.
"Banks are gong to come forward with the money when they know it's a viable project — when they know it's actually going to be built," said Coates.
This isn't the first time First Nations groups have expressed interest in purchasing the pipeline, but Coates believes this is the first time a plan like this one could succeed.
"Ottawa's got a real dilemma," Coates said. "They've got a pipeline they didn't want to buy, that quite frankly parts of their government does not want to build.
"They want nothing more than to have it to pass it on to somebody who could actually build it and do it in a way that is environmentally sound and socially progressive."
The federal government has until June 18 to wrap up consultations with Indigenous groups before deciding whether to proceed with a plan to twin the pipeline between Edmonton and Burnaby, B.C.
Federal Finance Minister Bill Morneau has said his government may be open to selling Indigenous groups an equity stake of TMX, but that any discussions would have to wait until after the project is approved.
READ MORE: Ottawa extends deadline for Trans Mountain decision to June 18
If that happens, Project Reconciliation may have competition from another Indigenous group. Chief Michael LeBourdais of the Whispering Pines First Nation, north of Kamloops, B.C., chairs the Western Indigenous Pipeline group, a coalition of BC bands who live along the TMX route.
"We've always wanted equity in this pipeline to give us revenue and oversight, so that's what we're pursuing," LeBourdais said. "We want that revenue and most of all we want that environmental oversight."
LeBourdais says ownership would help lift communities like his out of poverty, but not everyone agrees. The Union of BC Indian Chiefs recently published an open letter to First Nations leaders warning them against getting involved with any plan to purchase.
"There are good reasons why Kinder Morgan chose to walk away from this project and you should carefully consider them before investing your Nation’s money," the April 25, 2019 letter signed by Grand Chief Stewart Phillip and Kukpi7 Judy Wilson reads.
Back in Calgary, Wapass says he respects the opinions of Chiefs Phillip and Wilson, but he also disagrees.
"This is a huge opportunity," Wapass said. "There is a huge upside and many a time in the past, we've squandered these opportunities."
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Great a bidding war with our tax dollars to re purchase a pipeline we already own

Do you see the Bolded Hoid? what does it say? Twin now that's interesting
 
H

Hoid

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they use the term twinning in order to minimize the amount of new ground they are breaking the and amount of environmental damage they will do.
 
C

Curious Cdn

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Hoid said:
they use the term twinning in order to minimize the amount of new ground they are breaking the and amount of environmental damage they will do.
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That has already happened in to past with railroads, telegraphs and highways sharing the same precious mountain passes. The pipelines should share those same right-of-ways, too. The railroad surveyors probably found the most efficient routes 130 years ago.
 
Mowich

Mowich

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pgs said:
I believe all gas stations on Vancouver Island should be shut down by government proclamation.
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I was watching all the Canadians filling up their six legal jerry cans at gas stations in the US, the other day. Some of the people interviewed said they made the trip at least weekly.
 
pgs

pgs

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Mowich said:
I was watching all the Canadians filling up their six legal jerry cans at gas stations in the US, the other day. Some of the people interviewed said they made the trip at least weekly.
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Of course , milk and cheese as well .
 
H

Hoid

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Mowich said:
I was watching all the Canadians filling up their six legal jerry cans at gas stations in the US, the other day. Some of the people interviewed said they made the trip at least weekly.
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They come here and buy drugs because their government allows the drug industry to charge exorbitant prices for drugs.

We go there to buy gas because our government allows the oil industry to charge exorbitant prices for gas.
 
Twin_Moose

Twin_Moose

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Hoid said:
they use the term twinning in order to minimize the amount of new ground they are breaking the and amount of environmental damage they will do.
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I see you were paying attention from our last discussion, it's to share easement and only have to pay for temporary workspace, also the NEB wants pipelines to run in a corridor for less environmental disturbance. and better leak surveilance
 
pgs

pgs

Hall of Fame Member
Nov 29, 2008
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Hoid said:
They come here and buy drugs because their government allows the drug industry to charge exorbitant prices for drugs.

We go there to buy gas because our government allows the oil industry to charge exorbitant prices for gas.
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No we go to Washington to fill up because Canadian governments tax gasoline at a much higher rate than our American neighbors , we buy milk eggs and cheese while there because marketing boards inflate the price of those commodities in Canada .
 
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