Canada Set to “Lose Billions” As it Already Looks For Buyer for KM Pipeline
"The taxpayer is going to end up losing billions of dollars here"
Read the latest insights and analysis from the experts at Oil Change International.
"The taxpayer is going to end up losing billions of dollars here"
Trudeau may finally reveal today the true extent of the stranglehold that Canada’s oil and gas industry has over his government.
As the clock ticks down until the May 31 deadline over the controversial Kinder Morgan Trans Mountain pipeline project, which will triple the amount of tar sands being transported from Alberta to the British Columbian coast, the campaign against its expansion is spreading abroad.
As Canadian Prime Minister, Justin Trudeau and Albertan Premier, Rachel Notley, prepare to invest in Kinder Morgan’s Trans Mountain pipeline, they are trying to spin the benefits of the highly controversial project.
As Big Oil’s new poster boy, Canadian Prime Minister, Justin Trudeau, scrabbles around for investors for Kinder Morgan’s Trans Mountain pipeline, extra finance may not be enough to save the controversial pipeline.
Two leading political figures from the US and Canada, who have boasted about the need to fight climate change are now under fire for being climate change hypocrites: saying they care about the climate, but allowing drilling and fossil fuel infrastructure to be built anyway.
On Sunday, Kinder Morgan sent shock waves across Canada and the oil industry when it announced it was “suspending all non-essential activities and related spending on the Trans Mountain Expansion Project”, until at least the end of May.
As local opposition against the highly controversial Trans Mountain pipeline in Canada continues to grow, pipeline construction passed another legal hurdle after the federal Court of Appeal ruled against the government of British Colombia’s latest legal challenge.