Published: Fri, April 20, 2018
Money | By Armando Alvarado

Protesters built a giant pipeline to greet Justin Trudeau in London

Protesters built a giant pipeline to greet Justin Trudeau in London

Carr is hopeful that the government's plan will help quell Kinder Morgan's concerns.

He federal government is now looking for legal ways to assert its jurisdiction over the pipeline that will allow it to trump whatever argument against it B.C. can come up with. "Most of the investment is in British Columbia, where the government is in opposition to the project". The refinery accounts for more than a quarter of B.C. transportation fuel.

This is an open letter to Justin Trudeau. The courts will eventually settle B.C.'s case.

Eby said he believed the Alberta legislation was meant to never be adopted, but if Alberta Premier Rachel Notley's government does pass the law, then B.C. will immediately launch court action.

"Our neighbouring province disagrees with that, the federal government disagrees with that", he said. Finally, CIBC downgraded shares of Kinder Morgan Canada from an outperform rating to a neutral rating and cut their price objective for the company from C$23.00 to C$22.00 in a report on Tuesday, April 10th.

"The federal government can't buy off the opposition to this failing pipeline. the resistance continues to grow", said Mike Hudema of Greenpeace Canada.

As the Liberals go over its legislation, the Alberta NDP will soon be tabling its own bill to limit oil shipments to B.C.

Notley said the legislation sends the message that Alberta is prepared to defend its resources.

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A failure to build pipelines over the last decade has had impacts on the broader economy, with Canadian oil producers long suffering from a lack of available pipeline capacity to get their product to tidewater, causing the value of Canadian oil to fall compared to producers in the US and elsewhere.

"There are lots of livelihoods that have banked on this work", Surerus said, noting construction would benefit the trucking industry, camp operators, and others support businesses throughout the province.

"There is no business case for an expansion of Alberta's oilsands on the scale needed to justify the Keystone XL and Trans Mountain export pipelines because of one bare fact: there are zero foreign buyers who today will commit to decades-long purchase contracts for unrefined bitumen at a fixed price near US$80 per barrel", McKay wrote. "The Alberta premier has yet to deny this", said Schneider.

Not to mention the host of folks from all walks of life taking stands on the pipeline issue - both for and against - in a variety of ways, from turning up to block the gates of the Trans Mountain terminal to carrying on passionate debates on social media.

"They seem to think that their provincial jurisdiction will supersede the federal, which it clearly doesn't". "If they did try to use it we would be in court immediately seeking an injunction to stop them from using it, but we would probably have to get in line behind oil companies that would be concerned about contracts that they have with companies in B.C.to deliver product".

"We have heard a lot of rhetoric about this being done, but I lack the confidence, as do many other Canadians", Zimmer said.

Proponents point to constraints on pipeline capacity that force Alberta producers to ship by higher cost and arguably higher risk rail transport, reducing the value and limiting the amount of crude oil production in the province.

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