pipeline obstruction

10:07AM
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Trudeau government nationalizes Trans Mountain pipeline project—further proof that Canada is closed for business

In a stunning turn in an already unprecedented saga, Finance Minister Bill Morneau announced this morning that the federal government will buy the Trans Mountain pipeline project from Kinder Morgan for $4.5-billion, essentially nationalizing the project.


2:20PM
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Kinder Morgan stopped all “non-essential spending” on the $7.4 billion project due to regulatory, legal and political barriers.


2:02PM
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The proposed Enbridge Line 3 pipeline would carry 760,000 barrels per day from Alberta to Wisconsin.


11:44AM
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Premier John Horgan has led B.C.’s obstruction of the pipeline project.


11:25AM
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At least 51 First Nation communities signed agreements worth more than $400 million with the Trans Mountain pipeline project.


10:05AM
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Due to pipeline constraints, Canadian oil producers are selling unrefined bitumen at a fraction of the price many competitors receive.


12:00AM
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Apparently, in the eyes of the B.C. government, the National Energy Board is not up to the task.


9:35AM
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Since 2015, the Alberta government has increased corporate income taxes and implemented a carbon tax.