Tag Archives: Kinder Morgan

Energy, Seniors

Freeland insists TMX will recoup billions; opposition MPs say no way

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Finance Minister Chrystia Freeland is “very confident” the federal government will get back the $34 billion in public funds spent on the Trans Mountain Pipeline expansion. But her statement produced widespread skepticism from opposition MPs.

“If you look at market analysis right now, the consensus view is this is a project that is worth a lot of money,” Freeland said at the natural resources committee meeting Monday.

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Energy

Passing the buck at TMX pipeline hearings

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Now that TMX is complete, the question of who should bear the brunt of the project’s cost overruns is making the rounds on Parliament Hill.

A federal committee delved into this issue on Wednesday night, with some witnesses and MPs insisting the oil and gas sector should shoulder the burden because they are the ones profiting, while others argued the pipeline benefits all Canadians.

Oil industry executives called to testify at the Oct. 9 committee meeting on Trans Mountain’s massively over-budget pipeline expansion were met with a combative NDP leader.

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Energy

TMX in the crosshairs on MPs’ first day back in Ottawa

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Canadian MPs are back in the capital and kicked off day one by digging into the climate and financial impacts of the Trans Mountain pipeline expansion (TMX).

Over five committee meetings in coming weeks, federal ministers, experts and interest groups will testify about TMX’s impact on Canada’s climate targets, how the cost to taxpayers soared, and government plans to sell TMX.

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Energy

Trans Mountain wants higher tolls, and they won’t cover even half its price tag

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Trans Mountain wants to charge oil shippers more to use the Trans Mountain expansion pipeline (TMX), but those increased tolls wouldn’t cover even half of the project’s $30.9-billion price tag.

“There has never been an instance in any western country — that I’m aware of — where tolls have been set below the level required to cover the cost of the operation of a pipeline,” said Thomas Gunton, professor and director of the Resource and Environmental Planning Program at Simon Fraser University in B.C.

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Energy, Finances

Kinder Morgan Sold the Trans Mountain Pipeline

Prime Minister Justin Trudeau claims that buying the controversial Trans Mountain pipeline is acting in the national interest. Ben Parfait put his feeling about the $4.5 billion purchase to music: “Broken hands on broken ploughs, Broken treaties, broken vows, Broken pipes, broken tools/ People bending broken rules.” Economist Robyn Allan estimates Canadian taxpayers will spend $20 billion before the controversial pipeline expansion is finished; if it is finished. Is anyone surprised to hear that Kinder Morgan sold the Trans Mountain pipeline?

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