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Money Alberta unveils bill that could wreak havoc on B.C. gas prices in trade war

10:29  17 april  2018
10:29  17 april  2018 Source:   cbc.ca

Kinder Morgan dispute dominates political agenda as Morneau, Notley prepare to meet

  Kinder Morgan dispute dominates political agenda as Morneau, Notley prepare to meet The Kinder Morgan pipeline dispute between B.C. and Alberta continues to dominate the political agenda across the country as Finance Minister Bill Morneau and Alberta Premier Rachel Notley prepare to meet in Toronto to try to hash out a resolution. No details of the meeting are available and officials speaking for both Morneau and Notley said no information about the time or place of the meetings will be released.

All these measures could amount to driving up prices at the pump, which could create political problems for B . C . Premier John Horgan. The bill will give Alberta 's Energy Minister Marg McCuaig-Boyd power to issue licences for the export of crude oil, natural gas and refined products like

Alberta 's minister of energy will have sweeping discretionary powers to limit exports of crude, natural gas and gasoline to B . C . under much-anticipated legislation introduced Monday. Bill 12, titled Preserving Canada's Economic Prosperity Act, gives the Alberta government the ability to retaliate.

a man and a woman holding a sign: Alberta Premier Rachel Notley (right) and Energy Minister Marg McCuaig-Boyd speak to reporters about Bill 12, which will give McCuaig-Boyd the power to limit energy shipments to B.C.© CBC Alberta Premier Rachel Notley (right) and Energy Minister Marg McCuaig-Boyd speak to reporters about Bill 12, which will give McCuaig-Boyd the power to limit energy shipments to B.C.

Alberta's minister of energy will have sweeping discretionary powers to limit exports of crude, natural gas and gasoline to B.C. under much-anticipated legislation introduced Monday.

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Alberta unveils bill that could wreak havoc on B . C . gas prices in trade war . The legislation does not mention B . C ., but Alberta Premier Rachel Notley says it could be used to put pressure on the province if the B . C . government doesn't change its stance on the Trans Mountain pipeline expansion.

Alberta unveils bill that could wreak havoc on B . C . gas prices in trade war . "It would significantly disrupt potential supplies to British Columbia, leading to days or potentially weeks of higher prices there than would otherwise be the case," he continued.

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Bill 12, titled Preserving Canada's Economic Prosperity Act, gives the Alberta government the ability to retaliate against the B.C. government for any delays to the Trans Mountain pipeline expansion, by driving up gas prices or slapping restrictions on shipments of other energy products.

"We are very committed to putting pressure on B.C. to come around and focus on what this pipeline actually means," Alberta Premier Rachel Notley said.

The majority of gasoline and aviation fuel used in B.C. is shipped from Alberta through the existing Trans Mountain pipeline.

B.C. gas prices could jump 45 cents per litre if Alberta turns off the taps: analyst

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Gas prices in B . C . could be on the rise as Alberta has introduced a bill that would give its government the ability to retaliate against B . C . for any delays Impact of Alberta and B . C .'s trade war - Продолжительность: 5:16 CBC News: The National 3 705 просмотров.

Alberta unveils bill that could wreak havoc on B . C . gas prices in trade war . Alberta willing to buy Trans Mountain pipeline if necessary, premier says.

Limiting exports could create shortages in B.C., forcing it to look elsewhere for gasoline. Alberta could also divert crude oil shipments to rail and truck, in order to free up pipeline space for bitumen.

All these measures could amount to driving up prices at the pump, which could create political problems for B.C. Premier John Horgan.

Kinder Morgan has set May 31 as its deadline for deciding whether it will proceed with the Trans Mountain project. ​

If investor certainty isn't there by then, Notley said, then the Alberta government may take action.

"Then that might be the point at which we're going to have to be a lot more strategic around what products get shipped to what markets by what means," she said.

B.C. Attorney General David Eby said he is prepared to take Alberta to court over the legislation if it causes gas prices in his province to jump dramatically.

$10M daily fine

The bill will give Alberta's Energy Minister Marg McCuaig-Boyd power to issue licences for the export of crude oil, natural gas and refined products like gasoline and aviation fuel.

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Alberta unveils bill that could wreak havoc on B . C . gas prices in trade war . Canada will take financial and legislative action to make pipeline happen: Trudeau.

Alberta unveils bill that could wreak havoc on B . C . gas prices in trade war . Bill 12 gives McCuaig-Boyd wide discretionary power to limit shipments of oil, gas and refined products to B . C . and to specify how they are shipped.

The licences can set limits on where product goes and on how much can be exported over a defined period of time. The minister can determine how product is exported, through pipeline, rail or truck.

Corporations that violate terms of a licence face a fine of $10 million a day.

The government claims it has received a legal opinion indicating the legislation would not violate the Constitution, NAFTA or any internal trade agreements.

If passed, the bill would come into effect upon proclamation.

Jason Kenney, leader of the Official Opposition United Conservative Party, has called on the government to turn off the taps to B.C., but he is reserving opinion on the bill until his caucus can read it more closely.

"We certainly accept the goal but we have to do our due diligence as the opposition to make sure the bill doesn't go farther than it needs to," he said.

Kenney added the UCP may propose an amendment to put a sunset clause on the bill, so the minister doesn't retain these powers longer than necessary.

The bill was introduced one day after Notley and Horgan met with Prime Minister Justin Trudeau in Ottawa to discuss the dispute between the two provinces over proceeding with the pipeline.

Bill to limit oil exports to B.C. no bluff, Alberta energy minister says

  Bill to limit oil exports to B.C. no bluff, Alberta energy minister says Bill to limit oil exports to B.C. no bluff, Alberta energy minister says "We've introduced this bill and we absolutely intend to use it if we need to," McCuaig-Boyd told reporters at the Alberta legislature on Tuesday.

B . C . stakeholders, experts respond to Kinder Morgan's deadline ultimatum for Trans Mountain pipeline. Bill 12 a necessary tool to get Trans Mountain built, says Alberta energy minister. Alberta unveils bill that could wreak havoc on B . C . gas prices in trade war .

Bill 12, titled Preserving Canada’s Economic Prosperity Act, gives the Alberta government the ability to retaliate against the B . C . government for any delays to the Trans Mountain pipeline expansion, by driving up gas prices or slapping restrictions on shipments of other energy products.

Alberta's proposed law came up in the discussions, and according to Notley, her B.C. counterpart said he hoped that it would not go ahead.

Notley said delays to the proposed pipeline project will cost Canada an estimated $40 million a day in lost revenue.

The Alberta and federal governments are in talks with Kinder Morgan on ways to give the company financial assurances the Trans Mountain pipeline project will go ahead.

The Texas-based company cited resistance from the B.C. government when it announced recently it was halting all non-essential spending on the project.

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