The page you are looking for is temporarily unavailable.
Please try again later

Canada Bill Morneau to give 'major update' on Kinder Morgan pipeline talks Wednesday

06:35  16 may  2018
06:35  16 may  2018 Source:   cbc.ca

Paddling protesters arrested after attaching themselves to pipeline terminal's floating fence

  Paddling protesters arrested after attaching themselves to pipeline terminal's floating fence At least two protesters in kayaks have been arrested after they blocked workers from entering the Westridge Terminal site from the water.At least two protesters in kayaks have attached themselves to a floating fence that surrounds the Kinder Morgan construction site at the Westridge Terminal in Burnaby, B.C., blocking workers from entering the site on the water and leading to at least two arrests.

Federal Finance Minister Bill Morneau updates the media on the talks involving the plans for Trans Mountain pipeline extension during a briefing in Toronto on Wednesday . (Chris Young/Canadian Press).

Finance Minister Bill Morneau speaks at the University of British Columbia in Vancouver on March 6, 2018. Kinder Morgan gave the government a deadline of May 31 to get reassurance for its investors the pipeline will come to fruition.

a man wearing a suit and tie smiling and looking at the camera: Finance Minister Bill Morneau will give an update on his negotiations with Kinder Morgan over the Trans Mountain pipeline expansion Wednesday.© Darryl Dyck/Canadian Press Finance Minister Bill Morneau will give an update on his negotiations with Kinder Morgan over the Trans Mountain pipeline expansion Wednesday.

Finance Minister Bill Morneau will give what a senior government official is calling a "major update" on the state of the Trans Mountain pipeline negotiations — on the same day that Kinder Morgan shareholders gather for their annual general meeting in Calgary.

A news conference scheduled for 9 a.m. Wednesday in Ottawa will be the first detailed update on the efforts to save the controversial Trans Mountain Pipeline expansion since Prime Minister Justin Trudeau asked Morneau to work with Kinder Morgan to find a path forward.

Morneau: we'll back Trans Mountain investors

  Morneau: we'll back Trans Mountain investors Morneau: we'll back Trans Mountain investorsKMI

04/11/2018 12:37 EDT | Updated 04/11/2018 12:38 EDT. Morneau says any federal investment in the pipeline would first require closed-door talks with Kinder Morgan and the two provinces. Trudeau Government Mum On Its Plan To Get Kinder Morgan Pipeline Built.

Finance Minister Bill Morneau is tasked with saving the Trans Mountain pipeline . He speaks with CBC’s Wendy Mesley about the ongoing battle to get the pipeline expansion built, and how the outcome will affect the Liberals come election time.

Kinder Morgan has threatened to abandon the project if a clear path forward isn't reached by May 31. The company's statement came after a months-long standoff between the British Columbia and Alberta governments, with B.C. working to block the pipeline for environmental reasons over Alberta's objections.

Ottawa has promised financial and political support for the project to help boost the economy and to send a message that Canada is a good place to invest.

However, other than repeating those public declarations of support, the federal government has said little about the state of the talks.

But a senior Alberta government official told CBC News late Tuesday that "Kinder Morgan is not making this easy."

Much at stake

The official, who spoke to CBC News on condition of anonymity, said there is "a lot to lose right now."

Trans Mountain pipeline supporters rally around Kinder Morgan

  Trans Mountain pipeline supporters rally around Kinder Morgan Nearly 100 supporters gathered outside the conference centre hosting the Kinder Morgan annual general meeting in downtown Calgary on Wednesday to show their unwavering support for the Trans Mountain pipeline amid uncertainty about whether the project will go forward. James Robson, spokesperson for rally organizers Canada Action says the group is dedicated to showing Canadians’ […]James Robson, spokesperson for rally organizers Canada Action says the group is dedicated to showing Canadians’ support for the project.

Tags: Bill Morneau , Trans Mountain Pipeline , Kinder Morgan , Oilsands, NAFTA, Morneau , Trans Mountain, Pipeline , Finance Minister, Liberals

Prime Minister Justin Trudeau plans to start talks with Kinder Morgan Inc. to backstop the Trans Mountain pipeline after failing to end a spat between He asked Finance Minister Bill Morneau to launch a "formal financial discussion" with the company to hedge risk over the project and said he was

Morneau's update comes as the May 31 deadline draws closer — and less than 24 hours after the prime minister gave an evasive answer on the state of talks during a visit to Calgary on Tuesday.

"We continue to work very, very hard, both visibly and behind the scenes," Trudeau said to reporters.

"When we have something to announce, you guys will be the first to know."

The timing of the Morneau update is important for another reason. With Kinder Morgan shareholders meeting Wednesday in Calgary, it's an opportunity for Morneau to put public pressure on the company.

Premier Notley spars with federal NDP leader Jagmeet Singh over Trans Mountain .
Premier Rachel Notley wasn’t mincing words Wednesday after federal NDP leader Jagmeet Singh chastised the federal Liberal government for subsidizing the fossil fuel industry, and in particular, offering a financial backstop to Kinder Morgan's Trans Mountain pipeline expansion. Singh said at a rally in Ottawa that he simply can't support the project and wants it scrapped as it places too much liability on Canadian taxpayers. "There are talks of absorbing the risk of Kinder Morgan, which could put Canada, Canadians and the environment, to hold all the risk," he said.

Source: http://ca.pressfrom.com/news/canada/-74839-bill-morneau-to-give-major-update-on-kinder-morgan-pipeline-talks-wednesday/

—   Share news in the SOC. Networks

Topical videos:

This is interesting!