The NDP has thier knickers in quite a knot over the LIEbrano government being willing to compensate Kinder Morgan against political delays

http://www.cbc.ca/news/politics/morneau-kinder-morgan-pipeline-announement-1.4665009

Morneau says government willing to compensate Kinder Morgan against political delays

Finance minister's update comes the same day Kinder Morgan shareholders plan to meet

Catharine Tunney · CBC News · Posted: May 16, 2018 9:22 AM ET

  5797 Comments 

Commenting is now closed for this story.

 

Evan Mulligan

Public risk, private profit.

Not very progressive if you ask me.

Evan Mulligan

@Howard Smith

Publicizing risk and privatizing profit is right out of the Con playbook, but JT flits from right to left everytime he changes his oh-so-fashionable socks, it's hard to know where he stands on, well, anything.

And where is Scheer through all this? On vacation again?

David Amos

@Evan Mulligan "And where is Scheer through all this? On vacation again?"

Methinks that he probably went to the same place your comment about "religion providing a moral touchstone" N'esy Pas?

 
Clayton Allen

Just build it! Remove the protesters and Sue them for all they have, then Sue the people funding them.

David Amos

@Clayton Allen "Just build it! Remove the protesters and Sue them for all they have, then Sue the people funding them."

Methinks that the majority of Canadians would agree that the solution is just that simple. However the politicians don't care about the taxpayer interests funding this corporate welfare as long as they get to stay aboard the gravy train N'esy Pas?

David Amos

@John Dunn "At last take we were living in a democracy where we vote for people to make responsible decisions on our behalf. No one is "stomping on the rights of others".

Methinks you don't know that I was not allowed to vote in the last five elections I ran in while being illegally barred from all parliamentary properties and Canada and CBC ignored its non partisan mandate and never said a peep about it. Somebody stomped on my rights N'esy Pas?

Checkout this comment section

http://www.cbc.ca/news/canada/new-brunswick/fundy-royal-riding-profile-1.3274276« less

mo bennett

@David Amos methinks u mean crazy train, m'essy paws!

  

mo bennett

and there ya have it sports fans, billie throwing more of our money down the sewer, when KM was gonna pay for this all by it's little old lonesome, til the idiot politicians got involved!!

David Amos

@mo bennett "methinks u mean crazy train, m'essy paws!"

YO Mo Why insult me with your first reply to any comment I have made particularly after I agreed with you so much in the past? Methinks since your hero Harper lost and Higgs hired Cardy obviously you don't know who your friends are You must be a rather bitter conservative like all the rest in NB N'esy Pas?

 

mo bennett

horgan and the greener's, enemies of Canada!

David Amos

@mo bennett Yo Mo Tut Tut Tut Methinks Higgs told ya to be nice N'esy Pas?

Steve Sax

There should be no need to compensate KM for anything, tell the RCMP to arrest anyone who trespasses, tell the Lawyers to prosecute.

Tell KM, to start building.

David Amos

@Steve Sax "There should be no need to compensate KM for anything, tell the RCMP to arrest anyone who trespasses, tell the Lawyers to prosecute.

Tell KM, to start building."

I agree

 
Matt Scott

Pathetic.
Socialism really sucks.

John Douglas

@Matt Scott

Socialism is when Harper stepped in to block the sale of Sask Potash Corp and bailed out the auto industry...

...and Doug Ford saying his government will step in and tell a private sector Hydro One how much their CEO and board can be paid...and fire the CEO

thats what cons refer to as Socialism

 

Matt Scott

@John Douglas Cons or Libs, they both favour the looting of the public sphere to enrich the private sector.
Corporate welfare state.

Troy Mann

@Matt Scott

You would be crying if they didn't do anything.

david mccaig

@david mccaig

Never give a government a MAJORITY GOVERNMENT , its a blank cheque for government ABUSE .
Stephen Harper taught us that and now Justin Trudeau has reconfirmed it.

david mccaig

@Matt Scott

FIVE MILLION BARRELS a day shipped out of Canada of the DIRTIEST OIL on the planet , that's 'our' environmentally friendly Justin Trudeau is trying to SLIP PAST US .

David Amos

@david mccaig Methinks that whereas the NDP BC has upset the NDP in Alberta your only recourse is to blame the Liberals and the Conservatives N'esy Pas?

David Amos

@John Douglas "Socialism is when Harper stepped in to block the sale of Sask Potash Corp and bailed out the auto industry..."

Methinks you have no idea what Harper and I know about that topic and Jac Nasser in particular However after I watched my first comment in this thread get buried by a blizzard of comments by david mccaig et al I decided less is more N'esy Pas?

Content disabled.

David Amos

@John Douglas Please Enjoy

https://www.scribd.com/document/379430633/Jac-Nasser-Potash-Corp

David Amos

@Jack O Hill "Please do some basic research."

Methinks folks would have loved researching the link to an irrefutable document I posted within this thread had not CBC blocked it So much for the spirit of full disclosure N'esy Pas?

 

Peter Samson

@Lou Parks So I think you have a misconception about oil Lou, you state that it will "provide (people) with *even more* oil to consume" which illustrates a serious failing you have in your logic. Oil does not follow the typical supply/demand curve, oil enjoys an economic relationship called inelastic demand. In layman's terms it means people demand a certain amount regardless of supply or price (which is not the typical behavior of most products). For example, gas was really cheap a year or so ago, did you just leave your car idling? Just go drive around for hours because it was affordable to do so? Not likely. The truth is the world consumes a fixed amount of oil, and it doesn't really matter as far as GHG whether it's oil is from Alberta or from Saudi Arabia. Your assumption that this pipeline will supply 600,000 more barrels/day, as if it will be burnt in addition to what the world is already consuming, is demonstrably false.

David Amos

@Peter Samson Well put Sir

Morneau says government willing to compensate Kinder Morgan against political delays

Finance minister's update comes the same day Kinder Morgan shareholders plan to meet

Catharine Tunney · CBC News · Posted: May 16, 2018 9:22 AM ET

Canada's Finance Minister Bill Morneau listens to a question during a news conference about the state of the Kinder Morgan pipeline expansion in Ottawa, Ontario, Canada, May 16, 2018. (Chris Wattie/Reuters)



Canada is willing to write Kinder Morgan — or whoever else steps up to the plate — a cheque to ensure the Trans Mountain pipeline expansion gets built, Finance Minister Bill Morneau says.

Morneau said Wednesday his government is willing to compensate the pipeline's backers against any financial loss due to British Columbia's attempts to obstruct the Trans Mountain pipeline expansion.

"The indemnification would allow Kinder Morgan to finish what they started, what they received federal and B.C. approval to do," he said Wednesday morning, during a news conference that laid out the broad strokes about what his government is willing to do to help the project go ahead.

Morneau's comments ​come just hours before Kinder Morgan Canada's stakeholder plan to meet in Calgary, and offers an incentive just weeks before the company's potential drop-dead date. Kinder Morgan has threatened to abandon the project if a clear path forward isn't reached by May 31.

"As a government we need to ensure that the rule of law is respected and that investors have the certainty needed to complete the Trans Mountain expansion project because it's in the national interest to do so," he said.

Morneau said that if Kinder Morgan bails on the project, the government would reimburse any other investor that would like to take the project on against financial loss as long as the support is "sound and fair and beneficial for Canadians."

• Finance minister set to give 'major update' on Kinder Morgan pipeline talks

• Trudeau faces tough pipeline questions while re-announcing $1.53B for Green Line in Calgary

• Backing Trans Mountain pipeline will send message to investors, finance minister says

Morneau wouldn't say if there was a cap on how much the government was willing to indemnify the pipeline's backer.

"This is an exceptional situation," he told reporters.

Wednesday's news conference was the first detailed update on the government's efforts to save the controversial pipeline expansion since Prime Minister Justin Trudeau asked his economic lieutenant to work with Kinder Morgan to find a path forward.

'A lot to lose'

It was announced late Tuesday night as Morneau consulted with senior officials in the Alberta government. Morneau also spoke with Kinder Morgan CEO Steve Kean by phone to tell him what he was would be saying.

A senior Alberta government official told CBC News late Tuesday that "Kinder Morgan is not making this easy."

The official, who spoke to CBC News on condition of anonymity, said there is "a lot to lose right now."

Politics News

Morneau blames Horgan for Trans Mountain delay

00:00 02:09

Finance Minister Bill Morneau places the blame for the delay of the Trans Mountain expansion directly on the shoulders of BC Premier John Horgan, and says the federal government is willing to provide indemnity to ensure the project goes ahead. 2:09

Last month Kinder Morgan stopped all non-essential spending on its $7.4-billion project after a months-long standoff between the British Columbia and Alberta governments. B.C. has been working to block the pipeline for environmental reasons over Alberta's objections.

The expansion would add a second pipeline along Kinder Morgan's existing pipeline route to carry diluted bitumen from Alberta to the B.C. coast for export on tankers.

​Shots at Horgan

Morneau placed the bulk of blame for the delay at the feet of British Columbia Premier John Horgan calling his opposition "politically motivated."

"Premier Horgan's stated intentions are to do whatever it takes to stop the project, which is unconstitutional in its very purpose. These are challenges that frankly put the livelihood of thousands of Canadians and their families at risk."

Morneau's update comes as the May 31 deadline draws closer — and less than 24 hours after the prime minister gave an evasive answer on the state of talks during a visit to Calgary on Tuesday.

"We continue to work very, very hard, both visibly and behind the scenes," Trudeau said to reporters.
"When we have something to announce, you guys will be the first to know."

With files from the CBC's David Cochrane and Vassy Kapelos