Timeline of Kinder Morgan's Trans Mountain pipeline

Timeline of Kinder Morgan's Trans Mountain pipeline

Canada will buy Kinder Morgan Canada Ltd.'s Trans Mountain oil pipeline and its controversial expansion project for C$4.5 billion ($3.5 billion) in a bid to ensure it gets built amid fierce opposition.

"We said we would get the pipeline built and we are getting it built", she said, flanked by her celebratory caucus at a Tuesday news conference overlooking the Alberta Legislature.

Canada needs projects like the expansion created to triple Trans Mountain's capacity to move crude oil and refined products from the Alberta oilsands and Edmonton refining complex to the West Coast, said Chris Bloomer, CEO of the Canadian Energy Pipeline Association. We met the deadline.

"Any climate change plan that ignores the needs of working people is doomed to fail", Alberta Premier Rachel Notley said after the deal was announced.

In an emailed statement late Monday, the Calgary-based company said it didn't intend to issue updates "unless and until these discussions have concluded or we've reached an agreement that satisfies our two objectives: clarity on the path forward, particularly with respect to the ability to construct through British Columbia, and ensuring adequate protection of our KML shareholders".

For Horgan, there was a single silver lining of Tuesday's announcement - that he can now pick up the phone and call the owner of the pipeline for "more candid discussions" than he was ever able to have with Kinder Morgan. She added that there is bad news for Kinder Morgan because the company's "growth outlook is muted" without the expansion project.

In return, Kinder Morgan will go ahead with its $7.4-billion plan to twin the pipeline carrying diluted bitumen from Alberta's oilsands to the B.C. coast and from there to overseas markets.

But Morneau said the Alberta-British Columbia feud - which led Alberta to boycott British Columbia wines and threaten to cut the neighboring provinces fuel supplies - "cannot be allowed to fester". "The federal government has responded and that's their business".

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Once the sale is complete, he said, Canada will continue the construction on its own, with a view to eventually selling the whole thing down the road, once market conditions would allow it to get the best price.

Asked if nationalizing the pipeline gives Ottawa more power over the provinces' abilities to block it, May said it already came under federal jurisdiction. The purchase will see Canada buy the existing pipeline, the Westridge marine terminal in Burnaby, B.C., as well as pumping stations and rights of way along the routes.

McMillan stressed the need to prevent project overruns due to continued political opposition and praised Ottawa's plan to find a buyer for the pipeline.

Questions over the viability of the Kinder Morgan pipeline expansion are the same today as they were yesterday - whether it's a private company or a new Crown corporation running it, says federal Green Party Leader Elizabeth May. "We won't stop until the job is done!"

Kinder Morgan Canada will continue to own the remaining assets, including crude storage, rail terminals and a condensate pipeline, and look to expand, he said.

Meanwhile, Notley said it's unlikely her government will enact landmark legislation passed earlier this month to turn off the taps to B.C.

"John Horgan picked a fight with Alberta and provoked a constitutional crisis with Ottawa over this project and this is now the embarrassing result", Wilkinson said.

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