wnol.info June 23 2018


‘Betrayed’ Canadians could launch unprecedented protests over pipeline: activist

June 23 2018, 04:26 | Alonzo Simpson

Canada to Buy Kinder Morgan Pipeline for $3.5 Billion

Darfield

Cheam Chief Ernie Crey welcomed the news Tuesday of the $4.5 billion federal buyout of the Trans Mountain Pipeline and Kinder Morgan Canada's assets.

The government's purchase price is reasonable if broken down into $3.5 billion for the existing pipeline and $1 billion to recoup money already spent on the expansion, said Richard Masson, former CEO of the Alberta Petroleum Marketing Commission and a fellow at the University of Calgary's School of Public Policy.

"My experience is that people are motivated by betrayal, they're motivated by a lack of fairness, they're motivated by a sense of shared common goal and outrage".

Will George, a member of the Tsleil-Waututh Nation who is leading the protests organized by Protect the Inlet (the watch house) on Burnaby mountain, says his groups' resistance will continue.

On Tuesday, the Federal Liberals dipped deep into their pockets to purchase the controversial project for a price tag of $4.5-billion. Since last summer, the B.C. government led by Premier John Horgan has objected to the pipeline being built. A lack of capacity in pipelines or in rail cars to ship oil produced in Alberta is also hurting Canada's energy sector. It was a remote location that took most people five to seven hours to get through.

Kris Sims, B.C. director of the Canadian Taxpayers Federation, was initially in favour of the Trans Mountain expansion, but said her support is wearing thin now with the $12-billion bill being handed to taxpayers.

He said nationalisation of the pipeline provided the federal jurisdiction needed to overcome British Columbia's opposition, but did not explain how it could force the province to allow construction. The measure made Kinder Morgan too nervous to continue.

"The protesters and the opposition, and the civil disobedience is probably going to increase", Khelsilem said.

Amazon Alexa heard and sent private chat
Amazon said in a statement to The Post Thursday afternoon that the Echo woke up when it heard a word that sounded like "Alexa". The odd behaviour was the result of a misheard command for which Amazon adjusted Alexa to not laugh unsettlingly at random.

Energy East, which would have converted a natural gas pipeline to oil and extended it all the way to New Brunswick, was cancelled last fall when TransCanada decided conditions had changed, including new federal regulations and lower oil prices. After getting cold feet, Kinder Morgan had halted construction in April. This includes the Squamish First Nation, which is likely to appeal this week's B.C. Supreme Court decision to dismiss its challenge of the environmental assessment process for the pipeline.

Peter McCartney, with Wilderness Committee, says the move changes the role the federal government now plays in the energy industry.

Given the amount of money involved, Stetski said there were a number of other spending priorities the federal government should be focused on.

"While accretive options may be surfaced, we do not see a potential transaction as sufficient to offset the potential upside from the Trans Mountain expansion project", the note says.

Instead, taxpayers (whether they oppose the pipeline or not) will take the risk of failure should the project's building costs exceed budget, timelines drag out and/or projected earnings not pan out as expected.

Finance Minister Bill Morneau unveiled the government's long-awaited, big-budget strategy on Tuesday to save the plan to expand the oilsands pipeline.

The federal Liberals have chose to buy the pipeline and all of Kinder Morgan Canada's core assets, but don't plan to be long-term owners.



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