The unpredictable and shaky trade relationship between Canada and the U.S. further exacerbates the need for new pipelines to tidewater.
trans mountain pipeline
The Canadian Pacific Railroad is the most famous case of federal involvement in infrastructure projects.
Bill C-69 would completely overhaul how major energy projects are reviewed by government in Canada.
B.C. Premier John Horgan says the nationalization of the Trans Mountain pipeline expansion doesn’t allay his concerns.
The Trudeau government’s decision is an admission that Canada’s approval process for major infrastructure projects is broken.
For much of the summer, the federal government will backstop construction costs by Kinder Morgan, a private firm.
Trudeau government nationalizes Trans Mountain pipeline project—further proof that Canada is closed for business
In a stunning turn in an already unprecedented saga, Finance Minister Bill Morneau announced this morning that the federal government will buy the Trans Mountain pipeline project from Kinder Morgan for $4.5-billion, essentially nationalizing the project.
Pipeline expansion project may generate $50 billion in government revenue over 20 years.
Kinder Morgan stopped all “non-essential spending” on the $7.4 billion project due to regulatory, legal and political barriers.
Canada’s energy sector employed 884,000 people in 2016.