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BR Trans Mountain – CP

by ahnationtalk on May 17, 201834 Views

Source: The Canadian Press – Broadcast wire
May 17, 2018

Ottawa will stand behind any and all financial backers of the divisive Trans Mountain pipeline expansion as the Liberal government tries to shore up investor confidence.

The government is providing indemnity to help ease the political risks for any investors, be they Kinder Morgan, the project’s original architects, or otherwise, to ensure the Alberta-B-C project can proceed.

Finance Minister Bill Morneau says if Kinder Morgan were to abandon its plan to expand the existing pipeline, there are plenty of other investors willing to take up the cause, and they will also have federal backing.

Federal N-D-P Leader Jagmeet Singh tweeted his reaction to the plan, saying — quote — “Rigged process, First Nations & local communities shut out, oil spill threats, science ignored and now billions on the line.”

Alberta Premier Rachel Notley made her disdain for Singh’s sentiments crystal clear, saying he is — quote — “absolutely, fundamentally, incontrovertibly incorrect in every element of that tweet.”

(The Canadian Press)

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