Liberal government to buy Trans Mountain pipeline for $4.5B


mentalfloss
#1
Huge move.

If this were the Harper government, there wouldn't even be a pipeline.


Liberal government to buy Trans Mountain pipeline for $4.5B

The Liberal government will buy the Trans Mountain pipeline and infrastructure related to the expansion project for $4.5 billion.

Finance Minister Bill Morneau is announcing details of the agreement reached with Kinder Morgan at a news conference with Natural Resources Minister Jim Carr at the National Press Theatre in Ottawa, and CBCNews.ca is carrying it live now.

"Make no mistake, this is an investment in Canada's future," Morneau said.

He said the government does not intend to be a long-term owner, and at the appropriate time, the government will work with investors to transfer the project and related assets to a new owner or owners. Investors such as Indigenous groups and pension funds have already expressed interest, he said.

Until then, it will proceed under the ownership of a Crown corporation. The agreement is expected to close in August.

Morneau said the project is in the national interest, and proceeding will preserve jobs, reassure investors and get resources to world markets.

Carr said the plan does not sacrifice the environment for the economic benefits.

"Canadians want both and we can have both," he said.

Liberal government to buy Trans Mountain pipeline for $4.5B | CBC News
 
petros
#2
Atoadaso.
 
captain morgan
Bloc Québécois
#3

 
mentalfloss
#4
Quote: Originally Posted by captain morgan View Post

Yea, $4.5B is a pretty puny project.

Looks like the pipeline business is on its way out.
 
petros
#5
Of course it is. $72bbl baby cakes!

NG is grinding to a halt too.
 
captain morgan
Bloc Québécois
#6
Say Petros, any ideas on how the Mfg sector in Ontario is doing?
 
mentalfloss
#7
Quote: Originally Posted by petros View Post

Of course it is. $72bbl baby cakes!

NG is grinding to a halt too.

I know.

It's truly sad.

But whaddya goan do.
 
petros
+2
#8
75,000 manufacturing jobs lost — that’s the price of Ontario’s electricity disaster
BY SPECIAL TO FINANCIAL POST
ORIGINALLY PUBLISHED: OCT 17, 2017
 
captain morgan
Bloc Québécois
#9
Quote: Originally Posted by petros View Post

75,000 manufacturing jobs lost — that’s the price of Ontario’s electricity disaster
BY SPECIAL TO FINANCIAL POST
ORIGINALLY PUBLISHED: OCT 17, 2017


Oh my!

That can't be good for flossy
 
mentalfloss
#10
Could you imagine how much worse it would be under Drug Fraud?

Thankfully, Ontario doesn't rely exclusively on one industry like the prayeries.
 
petros
+1
#11
Quote: Originally Posted by mentalfloss View Post

I know.

It's truly sad.

But whaddya goan do.

https://www.straight.com/news/103747...t-will-proceed

STRAIGHT TALK

Shell forecasts LNG shortage, raising potential that $40-billion B.C. project will proceed
by Charlie Smith on February 26th, 2018 at 8:39 AM
 
captain morgan
Bloc Québécois
+1
#12
Quote: Originally Posted by mentalfloss View Post

Could you imagine how much worse it would be under Drug Fraud?


Mrs Reddenbacher's tenure represents the lowest of lows.
 
mentalfloss
#13
Quote: Originally Posted by petros View Post

https://www.straight.com/news/103747...t-will-proceed

STRAIGHT TALK

Shell forecasts LNG shortage, raising potential that $40-billion B.C. project will proceed
by Charlie Smith on February 26th, 2018 at 8:39 AM


You'll get through it.
 
petros
+1
#14
More pipelines lots n lots of pipelines.
 
Hoid
+1 / -1
#15
It makes no difference who owns the pipeline plan that is 600 BC permits short of approval.

As I said from the beginning, blood will be spilled if they force it.
 
captain morgan
Bloc Québécois
+1
#16
Quote: Originally Posted by petros View Post

More pipelines lots n lots of pipelines.


Gubmint owned pipelines.

.. The catch is that if there's a spill, it will be hoid, flossy and cliffy on the hook
 
mentalfloss
#17
Yes we already know how much you leftards love gubmint owned pipelines.
 
petros
+1
#18
Quote: Originally Posted by mentalfloss View Post

You'll get through it.

Why don't you petition the Federal PC Party to oppose the purchase?
 
captain morgan
Bloc Québécois
#19
Quote: Originally Posted by Hoid View Post

As I said from the beginning, blood will be spilled if they force it.


 
petros
+1
#20
Quote: Originally Posted by mentalfloss View Post

Yes we already know how much you leftards love gubmint owned pipeline.

Fine by me.

Oh BTW and thanks for buying me new rail cars.
 
mentalfloss
#21
Yes we already knew you were a leftard.

Dipper to the core.
 
captain morgan
Bloc Québécois
+1
#22
 
petros
+1
#23
Sorry for your loss.

Maybe it's a good time to invest in Canadian steel?
 
mentalfloss
#24
I'm fine with the pipeline.

I'm just not a gubmint licker like you guys who just want to mooch off the taxpayer.
 
Jinentonix
No Party Affiliation
+2
#25
Soooo getting our oil to China is in the "national interest" but getting our oil to the eastern half of our own f*cking country isn't?
Notice how Morneau said it's "in the national interest" and not "in OUR national interest"? Makes me wonder just whose national interests the Trudumpster party is working for.
 
Hoid
#26
they are all addicted to the profiteering.
 
Twin_Moose
Conservative
+2
#27
I'm not a fan of this move they should have just grew a pair and told B.C. dippers to phuck off and deal with it.
 
petros
+1
#28
They can't stop a Crown Corporation besides BC is technically an owner too.

Quote: Originally Posted by Hoid View Post

they are all addicted to the profiteering.

And you're just addicted?
 
Jinentonix
No Party Affiliation
+1
#29
Quote: Originally Posted by Hoid View Post

It makes no difference who owns the pipeline plan that is 600 BC permits short of approval.

As I said from the beginning, blood will be spilled if they force it.

Ah yes, nothing like the bleat of self-righteous granola-munchers as they deny some of "those uppity-f*ck injuns" an opportunity to profit from Canada's resources. That about sum it up?

Anyways, it looks like the Wynned Bag has been watching too many "flipping" shows.
 
Twin_Moose
Conservative
+1
#30
Quote: Originally Posted by petros View Post

They can't stop a Crown Corporation besides BC is technically an owner too.



And you're just addicted?

True, but it is still the pussy way out and sets president
 
Twin_Moose
Conservative
+1
#31
Quote: Originally Posted by petros View Post

They can't stop a Crown Corporation besides BC is technically an owner too.



And you're just addicted?

True, but it is still the pussy way out and sets president