Protesters at the Kinder Morgan marine facility in Burnaby, B.C. on May 9. THE CANADIAN PRESS/Jonathan Hayward
UPDATED May 29, 2018 2:58pmET
Watch Finance Minister Bill Morneau and Natural Resources Minister Jim Carr speak to journalists in Ottawa after announcing the federal plan to buy Kinder Morgan’s Trans Mountain pipeline expansion assets for $4.5 billion:
Here are some key highlights:
Finance Min. Bill Morneau announces that federal cabinet has approved $4.5-billion Trans Mountain investment:
“The federal govt has reached an agreement w/ Kinder Morgan to purchase the existing Trans Mountain pipeline & the infrastructure related to the TM expansion project.” pic.twitter.com/5gnZofyCcu
— CPAC (@CPAC_TV) May 29, 2018
WATCH: finance minister questioned on what #TransMountain will cost beyond the $4.5BN asset purchase. #cdnpoli #cdnecon #KinderMorgan pic.twitter.com/jICwSPqR2I
— CPAC (@CPAC_TV) May 29, 2018
The government’s language on #TransMountain indemnity for a future owner. #cdnpoli #cdnecon pic.twitter.com/hynuvXzIf2
— Andrew Thomson (@thomsonian) May 29, 2018
Andrew Scheer on federal govt’s announcement that it will buy Trans Mountain pipeline:
“$4.5B is the absolute minimum of taxpayers’ money that’s going to be on the hook here. Justin Trudeau can’t tell us the true cost on this & he’s asking Cdns to bail him out of his failure.” pic.twitter.com/K1uP5vJgie
— CPAC (@CPAC_TV) May 29, 2018
Watch Scheer’s full news conference.
NDP Leader Jagmeet Singh on government’s Trans Mountain announcement: says “this is a bad deal that won’t solve anything”; says “climate-change leaders don’t spend $4.5B on pipelines.”
You can watch the full news conference here: https://t.co/2IIEYNQG41 #cdnpoli #KinderMorgan pic.twitter.com/Lx48IAqmeo
— CPAC (@CPAC_TV) May 29, 2018
Watch Singh’s full news conference, plus more reaction from Green Leader Elizabeth May, Alberta Premier Rachel Notley, and B.C. Premier John Horgan.
Read the official statements from the federal government and Kinder Morgan Canada Limited.
And here are some key exchanges from today’s question period:
#QP 1/ @AndrewScheer Trans Mountain plan: Can PM give us guarantee that these costs won’t exceed $4.5B?@Bill_Morneau The audacity of MP opposite talking about not getting pipeline to market…We’ve stepped fwd & said we’ll take decision to put fwd project in nat’l interest… pic.twitter.com/wYEckWmKEX
— CPAC (@CPAC_TV) May 29, 2018
#QP 3/ @AndrewScheer PM claims he wants to attract investment to Canada; how much of $4.5B for Kinder Morgan will be spent/invested in Cda?@Bill_Morneau We’re talking about $4.5B investment in KM assets, creating long-term value for country b/c we know it’s right thing to do… pic.twitter.com/qlfpQgMsUz
— CPAC (@CPAC_TV) May 29, 2018
#QP 8/ @nathancullen TMX: When did Liberals decide that trampling Indigenous rights & putting coast at further risk was in public interest?@Bill_Morneau We need rule of law to get investments made…We can’t have provinces creating uncertainty…We’re ensuring project moves fwd pic.twitter.com/YpmEnUOvA4
— CPAC (@CPAC_TV) May 29, 2018
#QP 9/ @nathancullen When did Liberals decide to trump First Nations rights & title & protecting coast in favour of Texas oil co.?@Bill_Morneau It’s critically important that we ensure project moves fwd…We’ve decided to purchase assets b/c this is way to ensure project happens pic.twitter.com/45OQefCp6D
— CPAC (@CPAC_TV) May 29, 2018
-Andrew Thomson