Bill Morneau

Canada's Natural Resources Minister Jim Carr says Texas pipeline operator Kinder Morgan made its own decisions to reward its executives with bonuses and that this was their business, not Canada's.

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.

The Trump administration's "absurd" tariffs on steel and aluminum sent protectionism rocketing to the top of Bill Morneau's G7 agenda Thursday as he and his fellow finance ministers from the exclusive club of rich countries braced for the inevitable economic impact.

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.

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

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

Finance Minister Bill Morneau is headed west next week with plans to give a speech to a Calgary business audience a day ahead of a deadline set by Kinder Morgan for its controversial Trans Mountain pipeline expansion project.

Analysts and observers say they remain perplexed by Finance Minister Bill Morneau’s comment last week that "plenty of investors would be interested in taking on this project," after the federal government said it would offer an "indemnity" or insurance to guarantee it is built.

Saskatchewan's former premier offered rare praise for the Trudeau government Wednesday, as well as hard questions for the future of the Trans Mountain pipeline expansion as British Columbia Premier John Horgan's government continues to challenge the project.

Finance Minister Bill Morneau said Wednesday he is prepared to protect the Trans Mountain oil pipeline expansion to the west coast against financial loss. The Trudeau government has been in discussions with Alberta as well as the proponent of Trans Mountain, Kinder Morgan, over an arrangement to use public money to back the pipeline.​

Will Canada lead the world in the transition to a more sustainable financial system?

Bill Morneau and other federal ministers have said that all options are on the table to resolve a dispute that threatens to derail Kinder Morgan's Trans Mountain expansion, which would triple the capacity of the Texas company's existing pipeline.

Canada's federal finance minister said on Wednesday, March 7, 2018, the country must do better in closing the gender gap in pay and workforce participation for the health of the economy, but acknowledged getting to parity will be difficult.

“It was your Liberals that pressed the start button and have caused immeasurable pain by ignoring the problems,” wrote Tony Clement on Twitter, defending his role in handling the federal government's dysfunctional Phoenix pay system.