The logic to Trudeau’s action may lie in an obscure and overlooked 2014 agreement to ensure China got a pipeline built
31 May 2018
Why is Justin Trudeau buying a pipeline?
Canada’s government announced yesterday it was planning to purchase the Trans Mountain pipeline for $4.5bn. This pipeline – which transports oil from Alberta’s tar sands to the western coast of British Columbia – is at the centre of a bitter political war that shows no signs of abating.
Unprecedented Crime By Peter D. Carter and Elizabeth Woodworth. Clarity Press, Inc., 269 pp, softcover
Nobody in the mainstream media ever asks Prime Minister Justin Trudeau or Finance Minister Bill Morneau if they're perpetrating an unprecedented crime on future generations.
Even after the Liberal government announced its intention to pay a Texas oil company $4.5 billion for its Trans Mountain Pipeline Expansion project, coverage focused on the financial aspects of the deal, not its moral component.
Trans Mountain existing assets valued at $550 million in 2007.
Finance Minister Bill Morneau has proposed sacrificing Canadian taxpayers to bail out an uneconomic U.S. pipeline owned by former Enron executives.
Let’s parse the fantastic numbers, because they will affect all of us. And the bill for taxpayers won’t be $4.5 billion as Morneau claims, but much closer to $20 billion, says economist Robyn Allan.
Finance Minister Bill Morneau announced on May 29 that the Government of Canada will buy the existing Trans Mountain pipeline system from Kinder Morgan at a price of $4.5 billion.
In the weeks and months ahead, there will be many political casualties of the Liberal government’s crisis surrounding the Kinder Morgan Trans Mountain Pipeline expansion. The first of these, however, was the carefully-crafted illusion that the Canada Pension Plan Investment Board’s (CPPIB) investment decisions are free from political influence. Over two decades, the Board had painstakingly constructed the pretence that Board decisions stood above retail politics.
Three prominent Quebec-area Indigenous chiefs were among the hundreds of people who gathered in Montreal on Sunday to protest the Kinder Morgan pipeline expansion.
Assembly of First Nations regional Chief Ghislain Picard, Mohawk Chief Serge Simon and Innu Chief Jean-Charles Pietacho spoke out against the project, citing the need to show solidarity with First Nations and other groups in British Columbia who are fighting against it.
