On Friday, February 7, 2020, the CEO of Trans Mountain pipeline, Ian Anderson, announced that the costs of building the pipeline expansion have “soared from an initial estimate of $7.4 billion to $12.6 billion.”
That seemingly straight-forward statement is replete with misconceptions.For one thing, the pipeline’s “initial estimate” was not $7.4 billion. In the National Energy Board hearings, Kinder Morgan estimated the cost of building the pipeline expansion at $5.4 billion. So the real leap in costs is from $5.4 to $12.6 billion.
Some of the world’s largest financial institutions have stopped putting their money behind oil production in the Canadian province of Alberta, home to one of the world’s most extensive, and also dirtiest, oil reserves.
Feb 7, 2020 - AN UNSIGNED AGREEMENT between a Wet’suwet’en First Nation and Coastal GasLink along with financial documents obtained by Yellowhead Institute provide reinforcement to Yellowhead’s assessment of the ways these private contracts can dramatically undermine First Nation rights and jurisdiction.
[Priorities: Trudeau & Company have deep pockets for crap like this. But they can't find the much smaller amount needed give indigenous people in Canada clean drinking water.]
Feb 7, 2020
Figure includes $1.1B already spent on construction by previous owner of the project, Kinder Morgan
Trans Mountain CEO Ian Anderson announced Friday that the cost of building the pipeline expansion has soared from an initial estimate of $7.4 billion to $12.6 billion.
The decision found Trudeau government met the minimum legal requirements. For Indigenous peoples, that’s not enough.
The Federal Court of Appeal’s decision to uphold federal government approval for the Trans Mountain pipeline expansion project is devastating for the First Nations that launched the legal challenge.
Colossal fossil Royal Dutch Shell says it now has less than eight years of oil and gas left in its available reserves, after reporting for six years in a row that it is using up those reserves faster than it replaces them.
Federal Court of Appeal found the Government of Canada's renewed consultations with Indigenous communities was adequate
A group of Burnaby residents has issued a statement expressing “deep disappointment” in a ruling from the Federal Court of Appeals that shot down Indigenous opposition to the Trans Mountain pipeline project.
