Canada: Don’t waste any more money on the Trans Mountain pipeline - PressFrom - Canada

CanadaDon’t waste any more money on the Trans Mountain pipeline

00:15  13 june  2019
00:15  13 june  2019 Source:

Trans Mountain pipeline protesters rally ahead of final Ottawa decision

Trans Mountain pipeline protesters rally ahead of final Ottawa decision The final decision from federal government to come by June 18 but regardless opponents vow to stop project if it is approved.

The Trans Mountain Pipeline System, or simply the Trans Mountain Pipeline , is a pipeline that carries crude and refined oil from Alberta to the coast of British Columbia, Canada. " Trans Mountain pipeline system" and " Trans Mountain Expansion Project", TMX, are since August 31, 2018

READ MORE : Ottawa to buy Trans Mountain pipeline project, what does this mean for BC? The Tsleil-Waututh are one of several applicants involved A key argument in the court challenges focuses on the federal government’s alleged failure to properly consult First Nations, an argument the Federal

Don’t waste any more money on the Trans Mountain pipeline© Jonathan Hayward A aerial view of Kinder Morgan's Trans Mountain marine terminal, in Burnaby, B.C., is shown on May 29, 2018.

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

Justin Trudeau is in over a barrel. In 2015, he made a deal with Alberta. He would get an oil pipeline built to a coast if the province joined his pan-Canadian climate plan. After his election this past April, Conservative Alberta Premier Jason Kenney ripped up Alberta’s side of the bargain and declared war on Trudeau‘s climate plan.

McKenna mum on whether feds will hit Trans Mountain approval deadline

McKenna mum on whether feds will hit Trans Mountain approval deadline “There’s no decision yet but just stay tuned," Environment Minister Catherine McKenna says.

That’s because the Trans Mountain pipeline is literally the aortic artery of energy for Vancouver and the Lower Mainland,” McTeague said. He stressed that more than Vancouver will be impacted if the Trans Mountain pipeline ceases to carry oil products to Vancouver.

Injecting taxpayers’ money directly into the Trans Mountain project is another possibility the Liberal government is considering, Carr confirmed Carr’s statement came on the heels of one from Alberta Premier Rachel Notley, who said her province is prepared to invest directly in the pipeline if it would

What should Ottawa do now after being jilted by Alberta?

Should the Liberal government maintain its side of the bargain, and proceed with the expansion of the Trans Mountain pipeline from Edmonton to the Vancouver area and lose credibility as a climate warrior? Or should it kill the pipeline expansion now and say this was a bargain gone bad.

In the long run, the latter course would save Ottawa lots on further subsidies. But there’s that little short-run thing — the looming federal election on or before Oct. 21.

How could Trudeau explain taking a big loss of taxpayer money on a pipeline that no private sector investor would touch last year? Either choice will look bad. No good options is a predicament.

Kicking the can down the road beyond the federal election is one way out. But Natural Resources Minister Amarjeet Sohi promised a decision by June 18.

Federal cabinet decision on fate of Trans Mountain pipeline due Tuesday

Federal cabinet decision on fate of Trans Mountain pipeline due Tuesday OTTAWA — The Liberal government's $4.5-billion gamble to buy the Trans Mountain pipeline in a bid to get it expanded will come to a head on Tuesday when the federal cabinet decides whether to sign off on the project for a second time. Natural Resources Minister Amarjeet Sohi says the decision is coming by Tuesday after official consultations with affected Indigenous communities wrapped up earlier this month. It's been more than 290 days since the Federal Court of Appeal ripped up the original approval and sent the government back to the drawing board.

READ MORE : If Canada has a plan to save the Trans Mountain pipeline project, cabinet isn’ t saying. The pipeline issue is expected to put pressure on the Canadian dollar, which could then drive up gas prices for the rest of the country as well. Sign up for our weekly Money 123 newsletter.

Thousands turned out Saturday in Vancouver, B.C., for a march and demonstration against Kinder Morgan’s Trans Mountain pipeline expansion in Burnaby.

Remember Justin Trudeau’s grand entry onto the world stage at the Paris Climate Summit in November-December 2015? Canada is back, my friends. That was just six weeks after his stunning electoral upset, leapfrogging his party from third to first place, winning a solid majority.

In Paris, Trudeau and Environment Minister Catherine McKenna promised to catapult Canada from environment laggard under Conservative Prime Minister Stephen Harper to a global climate leader. While most rich countries at the Paris talks aimed to limit global warming to a 2°C rise above pre-industrial levels, Canada joined low-lying island states to champion a stricter 1.5°C global limit.

How then did Trudeau get stuck with a pipeline that makes no environmental or financial sense?

The pipeline is not going to change the fundamental disadvantages of Alberta’s oilsands. At $90 a barrel for new projects, their break even cost is among the highest in the world. And their emission intensity is through the roof. Environment and Climate Change Canada scientists found that CO2 emissions were more than 60 per cent higher than industry had calculated.

Trans Mountain pipeline expansion gets green light to proceed

Trans Mountain pipeline expansion gets green light to proceed Prime Minister Justin Trudeau announced on Tuesday afternoon that the federal cabinet has approved the expansion of the existing pipeline.

This article is more than 9 months old. In a unanimous decision, the federal court of appeal said the government failed to consider the concerns of While the project could allow Alberta to get its bitumen to markets in Asia and reduce its reliance on the US market, there has been opposition over the

You are soon to be the proud new owner of the Trans - Mountain pipeline and expansion. But the Liberal plan as it currently stands is totally backward. The federal government is taking on the maintenance and construction of a nationally-vital project in order to eventually turn all of this

The sands are in a remote part of a remote, landlocked province. Their main market — the U.S. — where 99.9 per cent of Canadian oil exports now head, is now their main competitor. The U.S. produces cheaper, lower emissions oil.

The idea that the Trans Mountain expansion would open new markets in Asia is illusory. The price of heavy, sour crude oil in the Far East is $1 to $3 a barrel lower than on the U.S. Gulf Coast. Transport costs via the Trans Mountain line and tankers will be at least $2 a barrel higher to Asia. China does not have the capacity to refine bitumen. Besides the world is swimming in light crude oil.

In recent years, only a few oil tankers have left Vancouver harbour. Most of that oil has gone to the U.S., not China. So the premise behind the Trans Mountain pipeline is faulty. The pipeline expansion will likely be a white elephant, owned or subsidized by taxpayers.

The pipeline expansion could cost up to $10 billion, in addition to the $4.4 billion purchase price, that the auditor general said was $1 billion too much.

If by some miracle the Trans Mountain pipeline expansion is built, gets filled to capacity and finds markets, it would encourage the production of 590,000 barrels a day more oil from Alberta’s sands. That would add another 13 to 15 megatonnes of carbon pollution.

So it doesn’t make environmental sense either.

The Trudeau government got a special exemption in the new NAFTA (USMCA) to enable it to subsidize the Trans Mountain pipeline.

Why would a government so publicly committed to climate action throw more good money at a dodgy pipeline expansion, especially when Alberta has torn up its side of the climate understanding? Better to cut your losses now.

Gordon Laxer is a political economy professor emeritus at the University of Alberta and author of the Council of Canadians report “Billion Dollar Buyout. How Canadian taxpayers bought a climate-killing pipeline and Trump’s trade deal supports it.”

Indigenous drummers lead pipeline protesters on 22-kilometre march in Victoria.
VICTORIA — Indigenous drummers in British Columbia are leading an anti-pipeline protest along a 22-kilometre route today that passes through Victoria and ends at a beach south of the city. Hundreds of chanting demonstrators left city hall Saturday morning and are walking down the middle of major downtown streets, escorted by police vehicles with their lights flashing. The march is protesting Prime Minister Justin Trudeau's approval this week of the Trans Mountain pipeline expansion project planned to run from north of Edmonton to Burnaby, B.C. The marchers include Indigenous leaders, environmentalists and local politicians.

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