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Trudeau Offers Federal Aid For Trans Mountain

Trudeau Offers Federal Aid For Trans Mountain

Trudeau said he has asked Finance Minister Bill Morneau to work with the company on a financial solution that would ease the risk to investors, while his government prepares legislation that would re-assert federal authority to make decisions about pipeline projects.

The ongoing risk of delays has led pipeline builder Kinder Morgan to halt non-essential spending on the project until investors can be assured the project will be completed. "But it will be up to British Columbians and all Canadians to ask themselves if this is an appropriate investment of tax dollars".

Kinder Morgan Canada's shares closed up 13 Canadian cents at C$17.37 on the Toronto Stock Exchange. "We do not intend to issue updates or further disclosures on the status of consultations until we've reached a sufficiently definitive agreement on or before May 31". "I don't believe that it is in the best interests of the country to engage in esoteric jurisdictional debates for the purposes of harassing a project to death", Notley said.

"Ideally, we wouldn't be in this situation right now", Trudeau told a news conference Sunday after a closely watched, last-minute meeting with B.C. Premier John Horgan, who is blocking the project, and Alberta Premier Rachel Notley, who desperately wants to see it go ahead.

Opponents of the project include several environmental groups, the cities of Vancouver and Burnaby, and the Union of BC Indian Chiefs.

Natural Resources Minister Jim Carr said the Trudeau government put interim guidelines in place to avoid pipeline dismissals by the previous Conservative government. "It's not going to help with climate change that years ago he agreed to help us with".

The British Columbia government is denying Prime Minister Justin Trudeau's claim that it has been mum on how Ottawa should reinforce environmental protections - and offering as proof a detailed list of six demands it says were provided to the federal government in February.

"This was the opening of the dance, there are still a couple more numbers to be played", he said of the political talks. The minister can determine how product is exported, through pipeline, rail or truck. An outage on TransCanada Corp's Keystone system last year sent Western Canada Select crude's discount to West Texas Intermediate to the widest in four years. Another 600 permits have yet to be requested by Trans Mountain.

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Politically, the dispute pits New Democratic Party governments in Alberta and British Columbia against each other.

Stubbs told the House the pipeline will provide necessary access to export markets for "landlocked, environmentally and socially responsible Canadian oil".

Alberta's response has been to threaten retaliation, possibly by throttling the flow of oil and refined fuel products to B.C., triggering concerns that both a trade war and constitutional crisis may erupt.

Trudeau has firm options he could have threatened, such as halting B.C.'s infrastructure funds.

"Mr. Speaker, there is only one Government of Canada".

Trudeau said strong action is needed because of less certain trade ties with the USA, which buys nearly all of Canada's crude oil, and to show global investors his country is a good place to do business.

On the environmental front, Gabriel said not almost enough has been done to mitigate or contain any possible future spills, saying that previous BC Liberal and federal governments had "gutted" environmental protection and disaster response.

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