Purchase agreement indicates the deal is subject to a U.S. national security review
The federal government's plan to purchase Kinder Morgan's Trans Mountain pipeline and related infrastructure still faces a potential spoiler in the form of a U.S. national security review — setting up the possibility that U.S. President Donald Trump could veto the deal.
BERLIN – Since the Paris climate agreement was signed in 2015, too many policymakers have fallen for the oil and gas industry’s rhetoric about how it can help to reduce greenhouse gas emissions. Tall tales about “clean coal,” “oil pipelines to fund clean energy” and “gas as a bridge fuel” have coaxed governments into rubber-stamping new fossil fuel projects, even though current fossil fuel production already threatens to push temperatures well beyond the Paris agreement’s limit of well below 2 degrees above pre-industrial levels.
June 23 marked the 30th year anniversary of NASA climate scientist James Hansen’s presentation on global warming to the U.S. Congress. In his address Hansen argued that climate change – long predicted by scientists, was now here, and that it would get steadily worse.
OTTAWA — The federal government is set to become the official owner of the Trans Mountain pipeline expansion after failing to quickly flip the project to another private-sector buyer.
Pipeline owner Kinder Morgan had been working with the government to identify another buyer before July 22.
But with that date set to pass without a deal, it was expected the pipeline company will now take Ottawa's $4.5-billion offer to purchase the project to its shareholders.
