BC judge expands pipeline injunction as protesters use ‘calculated’ defiance

BC judge expands pipeline injunction as protesters use ‘calculated’ defiance

BC judge expands pipeline injunction as protesters use ‘calculated’ defiance

The idea of bringing the pitch back resurfaced after the federal government committed $4.5 billion to ensure the Trans Mountain pipeline is completed.

The move to buy the pipeline from an affiliate of USA -based pipeline company Kinder Morgan follows the company's threat to pull the plug on the expansion because of delays caused by opponents of the project.

"Our prime minister thinks that it's appropriate to use public funds to bailout a project that does not have a social licence, that does not have the consent of communities and is completely unacceptable in 2018 to use public money ... on a project that expands the fossil fuel industry in 2018 when we're supposed to be taking real, meaningful action on climate change", she said. "The only (way) in our estimation that that can be done is through exerting our jurisdiction by purchasing the project".

Pending their approval, the sale would be finalized sometime in August or September.

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"We are pleased to reach agreement on a transaction that benefits the people of Canada, TMEP shippers and KML shareholders", said Kinder Morgan Chairman and Chief Executive Officer Steve Kean.

As Alberta cheered the Liberal's purchase of Trans Mountain, the Fort's Conservative MP believes this will be the last pipeline the federal government will see go forward.

Alberta Party Leader Stephen Mandel said the decision sends a message to investors that even if a project is approved in Canada, they still might have to sell rather than build because the rule of law can't be enforced. Until then, the pipeline expansion will proceed under the ownership of a Crown corporation. Existing statutes stipulate one level of government can not interfere with the work of another - a situation one official called a "conversation changer" that might convince Horgan to back down. "This kind of project belongs in the private sector, and it should never have left it".

Morneau stressed repeatedly the pipeline is commercially viable and profitable.

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Kinder Morgan Canada estimates the pipeline deal is worth about $12 per restricted voting share, after capital gains tax - about three-quarters of its total share price. Kinder Morgan a year ago said it was about $7.4 billion, plus about $1 billion already spent - an estimate that's now considered low. "We should be establishing conditions for the private sector to invest in the energy sector not thinking the government can somehow replace that".

The poll shows that 49% of British Columbians say they're "less likely" to vote for the federal Liberals in the next election.

Horgan said his concerns remain rooted in what he calls the limited scientific knowledge of how diluted bitumen behaves in water, as well as perceived gaps in prevention efforts and response plans in the event of a spill.

Canadian Prime Minister Justin Trudeau said the deal would create and protect jobs in Alberta and British Columbia. They are led by British Columbia, which is trying to stop the pipeline development in the courts on environmental grounds. They said it would be great to have it but they didn't need it. "That certainty is absolutely critical".

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