TransmountaIn expansion is a go

[corky51]

http://www.cbc.ca/news/politics/tran...ming-1.4681662

[West O'5]

[MountainTi]

Originally Posted by elkhunter11

And how does that relate to guns and ammo discussion?

Will be a significant boost to the economy, resulting in more disposable income to purchase guns and ammo?

[ETOWNCANUCK]

Details of the announcement were being held close on Monday because Kinder Morgan is a publicly traded company and the pipeline discussions are subject to a non-disclosure agreement.

The government has looked at three options for moving the project forward. Morneau already has announced that the federal government is willing to compensate Kinder Morgan — or any other company — for any financial losses caused by British Columbia's attempts to obstruct the project.

Ottawa could also buy, build and then sell the expansion once the work is complete. Or it could buy the project from Kinder Morgan and then put it on the market for investors willing to pick up the project and build it themselves.


Yeah sure it’s a good thing,
At what cost to the taxpayers?

Because one Premier decided to play his game and stamp his feet like a little kid having a tantrum.
And now that this chicken little game has come to an end, how long before we see the benefits ?

People having jobs notwithstanding

Might’ve have been better to have them walk away until a change in government.

[whiteout]

I'm going with a full sale of KMC assets to a Crown corp, probably about $3bn. The Crown corp then builds the pipeline, with construction costs ballooning because of protestors and sabotage, then try to put it up for sale at a loss once its built.

KM knows that any legislation could just be repealed and wouldn't do anything to address their concerns. Buying the existing asset is the only way the government can actually keep all the work KM has already done in regards to approvals/engineering etc.. while collecting on the political capital of being able to say they are pushing ahead with construction (probably at a snails pace though)

[elkhunter11]

Originally Posted by ETOWNCANUCK

Details of the announcement were being held close on Monday because Kinder Morgan is a publicly traded company and the pipeline discussions are subject to a non-disclosure agreement.

The government has looked at three options for moving the project forward. Morneau already has announced that the federal government is willing to compensate Kinder Morgan — or any other company — for any financial losses caused by British Columbia's attempts to obstruct the project.

Ottawa could also buy, build and then sell the expansion once the work is complete. Or it could buy the project from Kinder Morgan and then put it on the market for investors willing to pick up the project and build it themselves.


Yeah sure it’s a good thing,
At what cost to the taxpayers?

Because one Premier decided to play his game and stamp his feet like a little kid having a tantrum.
And now that this chicken little game has come to an end, how long before we see the benefits ?

People having jobs notwithstanding

Might’ve have been better to have them walk away until a change in government.

B.C. should compensate Kinder Morgan. The federal government should not spend any money on the project.

[barsik]

sounds like the federal gov't is going to bankroll the construction, and then sell it to private investors after completion at a later date. while I support O&G development, this is going to be a financial disaster. the only winners will be Liberal party insiders which have already heavily invested in construction companies which will be working on the project. the taxpayer always picks up the tab.

[Twisted Canuck]

'We're from the government, and we're here to help....'

Because nothing says 'efficiency' and 'competence' like the government. $4.5 Billion buy in, and no idea what construction cost will be. But I will estimate at least double what KM would have paid. Because, government contract.

[Sneeze]

This is not cause for celebration.

Basically it's government nationalizing a pipeline. The Feds couldn't organize a two car parade let alone a complicated construction project like this.

Let the extortion by "stakeholders", nepotism, palm greasing and corruption begin. This will cost double what kinder would have done it for and the only pipeliners to set foot on it will be union crews from the east.

In any other scenario we Albertans would be screaming bloody murder about the Feds doing something like this.

[79ford]

My understanding is the feds buy the old line and infrastructure for 4.5 billion then kinder morgan builds the new pipe.

It makes some sense. I dont think kinder morgan canada had the cash to build the thing and the parent is probably having a rough go with the new trump taxes on mlp's etc. Some one probably had to get some cash in kinder morgan canada and the thought of putting billions into that political mess was un palatable for small entities like corporations.

For kinder canada it was either equity sales, or raising debt at absorbitant rates to fight an up hill battle which would essentially annilhate the share price.. for trudeau....well you cant say you want it built then screw it it over despite having all the permits etc. The guy is a tool but if he had enbridge and transcanada shewed away already and hooped this one too i think keystone xl would be the last pipe out of camada for a long time lol.

Canada does produce more oil than iran and almost as much as iraq, gotta keep some oil flowing no matter how much some nut bars resist.

[Big Grey Wolf]

Great day for future of Canada and jobs for our grandchildren. Should improve future capital investment in Canada. Large projects require cooperation of industry, federal and provincial governments. Similar to what was necessary to get Syncrude built and the resulting economic growth of major Canadian industry.

[dmcbride]

Announcing to the world, Canada is closed for business unless it is tax payer funded.

[Ehgun]

Originally Posted by Sneeze

This is not cause for celebration.

Basically it's government nationalizing a pipeline. The Feds couldn't organize a two car parade let alone a complicated construction project like this.

Let the extortion by "stakeholders", nepotism, palm greasing and corruption begin. This will cost double what kinder would have done it for and the only pipeliners to set foot on it will be union crews from the east.

In any other scenario we Albertans would be screaming bloody murder about the Feds doing something like this.

Totally agree!

[Sundancefisher]

Constructing the pipeline is good.

The poor leadership in government meant they would not play hardball with BC. They would not legislate. They won't restrict funding to BC. They tried bribing with more money. Playing nice with continuing funding.

Hogan bend them over and the government smiled and bought the whole thing.

We need it built. Shame the government took the expensive way out.

Once built it will make money going forward. Someone will buy. A crown corporation pipeline will mean higher costs.

[zabbo]

Only one thing different now. Our tax dollars will be squandered. Lots of them! Other than that, nothing. B C will still be in court, native groups will still be in court, environmental groups will still be in court and at the end of all that, turdope will still have to call in the military to construct the Vancouver, Burnaby, Squamish section of the line. Odds on that are....................way below zero!
What a great day for Canadian business!

[CaberTosser]

I'm absolutely behind the pipeline when its administered by a competent entity. The new owner is absolutely not a competent entity when it comes to business enterprise. I concur with others that the move also does absolutely nothing to instill investment confidence in Canada because it does nothing whatsoever to prove that we're a good place to invest and a good place to make profits without being over-taxed.


They should have let KM build it and had the police or even military along the construction route to ensure the protesters are kept well pepper-sprayed and well water-cannoned prior to being jailed. The rule of law needs teeth and the twits at the protest sites are only being gummed by a geriatric toothless Yorkshire terrier.

[6.5 shooter]

All you proud NDP/Liberal voters must be Happy???

Another white Elephant, Trulydumb and Nutley have just spent your children's children's, children into a sea of Debt, for what? If Mr. Dressup had a clue he would have used force,money or whatever means at his disposal to kick BC in the arse and built the pipeline. As for Nutley and her merry band of misfits, She has signed Alberta to a boat load of debt to cover "cost over runs" whatever they are...

So glad to see that your happy about a pipeline that will "BALANCE itself". A pipeline which should have cost the Canadian people ZERO financially, and provided thousands of jobs for Canadians..but no, now we have another Petro Canada, a huge bill, and the lose of Trillions of dollars by the time it is all over.

The 4.5 BILLION they have wasted so far, will triple in August when they need to buy the entire company (KM).

Yup so glad your happy, be sure to get out and vote next time, so we can become another Venezuela in 2019.

[markg]

I am sure the government will be able to do it for a reasonable cost. After the gender nuetral hiring study, making sure that half the pipeline workers are women and a proper amount of LGBT people are also hired, ohh then there needs to be male female and other bathrooms on site. How could anything possibly go wrong with the Feds doing a project like this.

Trulander's father tried to nationalize the energy industry in the 1970's and that worked out so well why not try it again.

[michaelmicallef]

If the taxpayer owns this then the taxpayer should be receive any profits that are generated by the pipeline. That is what the Canadian public needs to be demanding to keep things honest. Other wise it’s just a huge conflict of interest.

[DiabeticKripple]

This is all because of the train wreck that BC’s John Horgan has started, along with an incompetent prime minister and liberal party. They blame Harper for it because there was “no consultation” but the FM groups had their chances.

Who would want to invest in Canada after this? If I had billions to spend I’d be looking elsewhere.

[Pioneer2]

Originally Posted by MountainTi

Perfect training exercise for our military. Test out the water cannons!

Skunk cannons worked wonders quelling Gaza rioters.

[67ZL1]

Don’t worry, the pipeline budget will balance itself!

[elkhunter11]

Originally Posted by 67ZL1

Don’t worry, the pipeline budget will balance itself!

With the government involved, the costs should double or triple, and the schedule will likely do the same.

[Venison Assassin]

Originally Posted by elkhunter11

With the government involved, the costs should double or triple, and the schedule will likely do the same.

Lots of union work though! Someone could make a lot of $$ putting Espars into the trucks because they’ll surely have no-idling rules (idle no more! ). Can you imagine how hamstrung with rules such a project would be under gov’t mgmt?

[raab]

Nothing has really changed except theres more government involvement now. Horgan's still going ahead with his court case. Ashamed to be Canadian at the moment.

[raab]

Originally Posted by DiabeticKripple

This is all because of the train wreck that BC’s John Horgan has started, along with an incompetent prime minister and liberal party. They blame Harper for it because there was “no consultation” but the FM groups had their chances.

Who would want to invest in Canada after this? If I had billions to spend I’d be looking elsewhere.

Ill be moving my minimal assets south over the next month or two. No confidence this country can get anything done.

[Bigwoodsman]

Originally Posted by michaelmicallef

If the taxpayer owns this then the taxpayer should be receive any profits that are generated by the pipeline. That is what the Canadian public needs to be demanding to keep things honest. Other wise it’s just a huge conflict of interest.

Just wait after this pipeline is built the feds will sell it to private enterprise for nickels on the dollar that we're going to pay for it.

I'd of used pennies on the dollar but we gave up on the penny years ago.

BW

[raab]

Originally Posted by Bigwoodsman

Just wait after this pipeline is built the feds will sell it to private enterprise for nickels on the dollar that we're going to pay for it.

I'd of used pennies on the dollar but we gave up on the penny years ago.

BW

They'll probably just give it to Bombardier!

[Trochu]

A quote from Glen McGregor:

"To be clear, the $4.5 billion is for existing pipeline and work that has already been done on its expansion. The figure floated for expansion alone was $7.4 billion so this could cost govt much more to complete."

[pikergolf]

It would have been cheaper to just starve the malcontents out. No more gas for you.