MP asks if Prime Minister 'smokes pot' after $4.5B pipeline purchase

Minister of Finance Bill Morneau speaks to the media in Calgary Alta. Wednesday

Minister of Finance Bill Morneau speaks to the media in Calgary Alta. Wednesday

That is until Kinder Morgan, Trans Mountain's parent company, announced plans to add a second pipeline to the existing route. "We're seeking to ensure the project gets done, but we will always try and make sure the project presents a fair situation for Canadians".

Fat chance. Does anyone other than Prime Minister Selfie truly believe Ottawa can find a buyer where Kinder Morgan could not?

Protect the Inlet says, "The Trudeau's government purchase of the pipeline and tanker project "changes nothing" for those who are committed to do "whatever it takes" to protect the inlet, land, water and climate".

"While accretive options may be surfaced, we do not see a potential transaction as sufficient to offset the potential upside from the Trans Mountain expansion project", the note says.

Deutsche Bank est "fragile" et en "difficultés" pour les autorités américaines
L'action Deutsche Bank perd 6,01% à 13h07 GMT, plus forte baisse de l'indice sectoriel des banques européennes (-0,81%) et de l'indice européen Stoxx 600 (+0,05%).


And in a handsome piece of irony, pipeline protestors now own a piece of the project they loathe.

The poll has found the majority of British Columbians, 53 per cent are opposed to the federal government's acquisition of the pipeline and only one third, 33 per cent support the decision.

There's lots of blame to go around.

People with inside knowledge of the federal Liberals' actions claim sales packages have been sent to other pipeline companies, pension funds and asset managers. After a series of speeches in front of the Visitor's Information Centre, hundreds of marchers made their way along Wharf Street to Centennial Square, where they met many more participants.

Nadal, Halep cruise into third round of French Open
There was another upset as unseeded Ukrainian Lesia Tsurenko defeated 19th-seeded Slovak Magdalena Rybarikova 6-2, 6-4. Halep said in her post-match interview that she struggled initially against the left-hander's shots with topspin.


But obviously the biggest share of the blame for this situation goes to the loophole government now leading B.C., which seemingly wants to make life hard for anything opposed by the provincial Green Party, which is propping up the B.C. government. Federal investments in major energy projects are nothing new; they include the Syncrude oilsands in Alberta and the offshore Hibernia oilfield in Newfoundland and Labrador.

So much for heeding the concerns of the people. If the pipeline expansion would have died, then they'd be digging a deeper hole with business leaders.

If all of this was not enough, there are the signals that Morneau is sending to the pipeline's fantasy future purchaser: Canada will sell you the pipeline at a loss.

The pipeline first began carrying 150,000 barrels per day (bpd) in 1953 and by 2008 the addition of the "Anchor Loop" expansion through Jasper National Park and Mount Robson Provincial Park between Hinton, Alta., and Hargreaves, B.C. increased capacity to 300,000 bpd. "This kind of project belongs in the private sector, and it should never have left it".

Bungie announces new partnership with NetEase for a new game
We're excited for them to bring their experience as we enter this new chapter in Bungie's history. Bungie will continue to operate independently through its employee-owned structure.


Ultimately, Trans-Mountain needs to happen. But this mess associated with the pipeline is happening during the Liberals' watch, and people will remember it during the next election.

Latest News