How Kinder Morgan won a billion-dollar bailout on Canada pipeline

However, the decision won’t. Keystone XL pipeline, which will carry crude oil from Alberta to the U.S. Gulf Coast. Competing pipeline projects, including Enbridge Inc.’s 760,000-bpd Line 3.

Stop the kinder morgan buyout. trudeau’s Finance Minister just confirmed what we feared: he’s planning to use $4.5 billion of your tax dollars to buy Kinder Morgan’s floundering pipeline and tanker scheme, syphoning it directly into their corporate coffers. dozens of First Nations still don’t have clean drinking water. We’re facing a housing crisis.

For months, the federal ndp leader had been saying he opposed Kinder Morgan. pipeline’s construction. Singh saw an opportunity. In the preceding weeks, New Democrats in Ottawa had been telling.

Now, in a deal announced Tuesday, Canada will pay Kinder Morgan the C$1.1 billion it has spent and another C$3.4 billion for the existing pipeline and to compensate the firm for giving up the expansion’s potential profits.

The government says it will pay $4.5 billion to Kinder Morgan, which buys it the existing 65-year-old leaky pipeline, some oil storage facilities, and a marine export terminal. But Finance Minister Bill Morneau refused to say what the final price tag for building the Trans Mountain Expansion would be.

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44 Responses to "Trudeau government won’t rule out using force to build Kinder Morgan’s pipeline" Mr.NotFuckingHappy May 2, 2018 at 12:23 am # Clearly our Prime Minister has lost his mind along with his credibility about Nation-to-Nation relationship.

"I certainly don’t see any chance of the opposition receding," says Michael Byers, a political science professor at the University of British Columbia who holds a Canada. Kinder Morgan’s Trans.

Now, in a deal announced Tuesday, Canada will pay Kinder Morgan the C$1.1 billion it has spent and another C$3.4 billion for the existing pipeline and to compensate the firm for giving up the expansion’s potential profits.

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How Kinder Morgan won a billion -dollar bailout on Canada pipeline U.S. energy firm Kinder Morgan ‘s C. 5 billion sale of an oil pipeline to Canada ‘s government marked an extraordinary escape from months of The documents show kinder morgan cut creative deals with lenders and oil producers to shield itself from massive write-downs like the.

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