Prime Minister Justin Trudeau spent a lot of time on his feet in the House of Commons on Monday, responding to questions about revelations by National Observer that two oilpatch executives were getting $3 million in bonuses because of a federal deal negotiated by his finance minister to buy a west coast pipeline and expansion project.
"No deal ... no buyout." A speech that Prime Minister Justin Trudeau could have given if he'd said 'no' to Kinder Morgan is imagined by 'Mitchell Beer, publisher of The Energy Mix, an e-digest on climate change, energy, and post-carbon solutions.
A B.C. Supreme Court judge has granted Texas energy giant Kinder Morgan the power to expand the scope of its injunction, in a bid to keep anti-pipeline protesters away from its property.
Pipeline opponents in B.C. rallied in Whistler and Burnaby Mountain on Saturday the wake of the federal government's announcement that it would purchase the Trans Mountain pipeline for $4.5 billion in taxpayer funds.
Two executives at the Canadian unit of Texas-based Kinder Morgan are poised to cash in with $1.5 million bonuses after Ottawa offered to bailout their west coast oil pipeline system and expansion project, according to a new filing with the United States Securities and Exchange Commission.
Texas-based Kinder Morgan has scored another legal victory after the Federal Court of Appeal rejected a request to consider new evidence that allegedly showed the Trudeau government rigged its review of the Trans Mountain pipeline expansion project.
B.C. has a very strong argument against Alberta’s move to limit the flow of oil into the province, and Ottawa’s decision to buy the Kinder Morgan Trans Mountain pipeline is unlikely to change that, three constitutional experts agree.
EDC says it's "currently engaged with the government" to "determine the nature" of its involvement in the $4.5 billion public purchase of the Kinder Morgan Trans Mountain pipeline expansion.
A few days before Bill Morneau announced the federal government’s plan to buy the Trans Mountain pipeline, my morning newspaper displayed the collision of forces behind this decision. On one page was a story about the pipeline’s expansion, and on the facing page was a story about cities on B.C.’s coast planning to build seawalls and abandon low-lying land to cope with rising ocean levels
"This is a shameful path for Canada," said Bob Chamberlin, Union of B.C. Indian Chiefs vice president, asking why Canada can afford to buy a $4.5 billion oil pipeline but not safe drinking water for First Nations communities.
Texas-based Kinder Morgan gets to walk away from the controversial Trans Mountain pipeline with a decent financial boost but is deprived of significant future earnings growth after Canada’s federal government paid $4.5 billion to take the expansion project (and the existing pipeline) off its hands on Tuesday.
As Bill McKibben told me recently, seated on Burnaby Mountain where we were sheltering in the shade of a Douglas fir on a blazingly hot May day, "Physics is remarkably disinterested in how the economy is doing right now, or where in the election cycle we are."
Finance Minister Bill Morneau says the government will buy the existing Trans Mountain pipeline from Kinder Morgan at a price of $4.5 billion. He refused to explain that $4.5 billion simply buys Ottawa the rights to what exists today — a 65 year old pipeline
Prime Minister Justin Trudeau says his decision to use taxpayer money to buy Kinder Morgan’s Trans Mountain pipeline and its troubled expansion project for $4.5 billion was made after the company told his government that the project was a "risky" investment.