Canada willing to cover some of KM's pipeline losses
18 May, 2018, 13:29 | Author: Wade Massey
The federal government said Wednesday it is prepared to financially support expansion of the Trans Mountain pipeline, regardless of whether Kinder Morgan decides to build it.
Morneau said the federal government has a "clear role" to play in the pipeline dispute.
The town is reporting that more than 7,000 stray cats call Cornwall home. Kinder Morgan still needs clarity on proceeding, he said.
That sounds like Kinder Morgan is bailing on a fully approved, fully paid for pipeline that we are now offering big incentives and securities for others to buy into because another is walking away.
OTTAWA-The Texas-based oil firm threatening to kill its planned expansion of an Alberta-B.C. pipeline reacted coolly to Ottawa's offer Wednesday to compensate the company for any financial losses due to political opposition of the B.C. government.
He said if Kinder Morgan made a decision to walk away from the project, the indemnification would stay in place in case another company took over, Reutersreported.
The Quebec government, for one, has signaled its support for B.C.in its bid to have the courts affirm that the constitutional authority of the federal government to pursue infrastructure projects that it deems in the national interest provincial does not nullify the provincial right to legislate to protect the environment. Premier John Horgan has proposed measures that would threaten the Trans Mountain expansion.
"It seems like not even Kinder Morgan wants to move forward with this destructive project", Greenpeace Canada climate and energy campaigner Mike Hudema said in a statement. Sources have indicated Ottawa is looking at loan guarantees, a bailout or taking a stake in the pipeline project.
Prime Minister Justin Trudeau, speaking to reporters in NY on Thursday, said he's confident the economics of the Trans Mountain expansion are solid because it will help Canadians fetch higher prices for oil exports "The discount Canadian oil producers [must accept] because we only have a single market to which we sell 99 per cent of our oil exports - the United States - means we're losing about $15-billion a year".
"I'm defending the interests of British Columbia", he said.
Moe says without better market access Saskatchewan may not be able to continue contributing to equalization. Last week, Mr. Morneau flew to Houston for a face-to-face meeting with Kinder Morgan Inc. Goodman Financial Corp acquired a new position in Kinder Morgan during the 4th quarter worth approximately $126,000. Stifel Nicolaus dropped their price target on Kinder Morgan from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Monday, April 30th.
The pressure is being turned up in the standoff that has Alberta and B.C. premiers, the federal government, and some First Nations groups in B.C. fight over oil.
A bill allowing Alberta to choke off the supply of fossil fuels to British Columbia will be challenged in the courts by next week, B.C. Attorney-General David Eby said Thursday.
Entitled "Preserving Canada's Economic Prosperity Act" and officially known as Bill 12, the government said the objective of the bill is meant to give the province the power it needs to to restrict the export of crude oil, natural gas and refined fuels into BC.
The US dollar 's overwhelming position of dominance in the global financial system is one prominent example. The law was initially passed to prevent the U.S. blocking European Union companies from trading with Cuba.
It's really hard when you're filming a reality show, and my sister and I were always the type of people who were open books. The Bella Twins also discussed Birdie Joe turning 1, what to expect on Total Bellas and more.
He and Vanessa are still madly in love with each other, and things seem to be going well until a life-changing event occurs. Higher level X-Men characters, of course, and maybe slightly more than a "moderate visual effects budget".
Yeddyurappa leaves to meet the state governor to stake claim to form the government, in Bengaluru , India, May 16, 2018. India's ruling Bharatiya Janata Party ( BJP ) leader and former Chief Minister of the southern state of Karnataka B.S.
The White House said Wednesday morning it is not surprised North Korea is threating to call off next month's historic meeting. Bolton called the decision by North Korea to scrap meetings with South Korea "discouraging" and evidence of "old thinking".
As we told you, the KUWTK star was being dragged Wednesday for promoting Flat Tummy's appetite-suppressant lollipops. The mum-of-three was called "terrible and toxic" after she posted the ad on her social accounts.
It's worth mentioning that this synopsis is incredibly similar to that of John Jackson Miller's 2013 novel, Kenobi . According to TMZ , the long-rumored Obi-Wan Kenobi solo film is getting closer to becoming a reality.
If the pick goes to the Sixers, Boston gets the better 2019 first-rounder between Sacramento and Philly, protected for No. 1. If the Pistons hold onto this year's pick, it remains top-four protected until 2021, when it becomes unprotected.
Alec Baldwin and his yoga instructor wife welcomed a baby boy on May 17. "8lbs 2oz #wegotthis2018", Hilaria added. Alec is also dad to 22-year-old daughter Ireland Baldwin, from his previous marriage to actress Kim Basinger .
Toshiba receives China antitrust approval to sell memory unit
There were fears that the deal would not go ahead as it is taking place during trade tension between China and United States. Sources with knowledge of the matter told Reuters on Tuesday that there had yet to be any concrete breakthrough in China.
Redstones Win First Battle in CBS Fight
Moonves is suggesting that this is breach of fiduciary duty, but as we understand it, only an officer of the company can breach... The court said the restraining order wasn't necessary because the company can legally challenge board maneuvers from Redstone.
Elon Musk promises $1 tunnel rides at 240 kmph in LA
He added he has every intent of submitting to a full environmental study for the tunnel network as a whole when the time comes. It's a massive infrastructure project and not everyone is on board, but the company apparently found a new partner: LA Metro.
Intel's Self-Driving Unit Wins Deal For 8 Million Cars
The logo of Israeli technology firm Mobileye is seen on the building hosting their headquarters in Jerusalem, May 15, 2018. Intel hopes to have self-driving vehicles on the road by 2021 in partnership with vehicle manufacturers.