Financing costs total $87 million in first seven months of government ownership
The Trans Mountain pipeline posted a $36 million net loss for the federal government in the first seven months that it owned the pipeline, according to the Parliamentary Budget Officer.
A big chunk of that loss is attributable to $87 million in financing – i.e. interest on the debt the government incurred to buy the pipeline from Kinder Morgan Canada (TSX:KML).
VANCOUVER -- Six First Nations that have filed another legal challenge against the Trans Mountain pipeline expansion say Canada's ownership of the corporation behind the project created a bias that prevented full consultations as ordered by the Federal Court of Appeal.
Chief Leah George-Wilson of the Tsleil-Waututh Nation said Canada had an opportunity to "get it right" but failed to take environmental risks into consideration as part of a rushed consultation process.
Conservative lawmakers have put forward laws criminalizing protests in at least 18 states since 2017 that civil liberties advocates say are unconstitutional
Approving a pipeline while declaring a climate emergency is ‘climate change denial with a human face.’
21 Jun 2019
The Trudeau government’s recent actions — declaring a climate emergency and re-approving the Trans Mountain expansion project within two days — aren’t just hypocritical: they’re morally equivalent to climate change denial.
Canadian crude by rail activity is on the upswing again, according to new data from the National Energy Board.
The NEB reports that rail offtake from the Western Canada Sedimentary Basin averaged 236,252 bbls/d in April 2019.
“This is a 40 percent increase over March 2019 exports but still down from the record high of 353,789 b/d in December 2018,” the NEB tweeted on Friday.
