Former CEO Of TransCanada Says Kinder Morgan Pipeline Expansion Will Only Happen With $10 Billion Taxpayer-Backed Indemnity

It seems Justin Trudeau’s ‘leadership’ has brought Canada to the point where we will either have a massively expensive ‘nationalized’ pipeline expansion, or no pipeline expansion at all.

The former CEO of oil company TransCanada says the Kinder Morgan Trans Mountain expansion will only happen if it gets a large, taxpayer-backed indemnity.

As reported by BNN Bloomberg, Hal Kvisle said, “The only way [the Trans Mountain expansion project] could go ahead is if the government was to indemnify Kinder Morgan against a failed project halfway through… That’s a $10 billion dollar indemnity – I don’t know that’s going to happen.”

Kvisle said he liked Trudeau’s rhetoric, but pointed out the lack of action in the long lead up to this crisis:

“I admire the Prime Minister for saying it’s going to get done but I also look at the realities Kinder Morgan has faced and the billions of dollars adding up. I think the government could have taken steps earlier on to make it much more acceptable to the people of Burnaby and the Lower Mainland and they may yet have to do that. But I think they should have done that before the clock is ticking and time is running out.”

Trudeau government failure: If the pipeline has already been approved, why would taxpayer money be needed?

If Kvisle is right, then it only magnifies the failure of the Trudeau government.

After all, when pipelines are approved, they are supposed to start getting built, not delayed to death.

Also, when pipelines are approved, it’s not expected that taxpayers will have to potentially shell out billions.

So, either way it seems that Trudeau’s failure will leave Canada worse off than we should be. Either we will potentially pay billions for a project that would have been fully covered by the private sector under a competent government, or the project will be cancelled entirely, which would be a disaster for our country.

That’s the price of bad leadership: What should have been a simple project is now a national crisis.

Spencer Fernando

Photo – YouTube

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Clive EdwardsJohn SkripakRon VossShawn HarrisDel Recent comment authors
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bj stewart
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bj stewart

End game, everything in the hands of the state. Marxism. Game on, we are being played as usual.

Jeff
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Jeff

If it cost 10 billion to keep Alberta part of Canada then Do it, debt doesn’t matter to Justin, He’ll have to utilize the army in BC so maybe start there now while the weather is good, once you see its going good, then you start the Alberta section and start moving that towards the BC section and possibly start a section mid-way and have that veer off in towards the others that way you speed up the process and get it done in budget.

Eric Blair
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Eric Blair

Trudeau’s brain or the real PM of Canada, Gerald Butts, is on record saying he wants to see Canada become fossil fuel free and having a new pipeline just does not sit well with that reality. It is all a charade to make it look like Trudeau tried to get the thing done but alas it was others that prevented it. Mission accomplished.

Clive Edwards
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Clive Edwards

Well then let Turdeau and Butts have their wish – a fossil fuel free Canada. Of course, the Western Provinces will have left, leaving Canada (Upper and Lower, plus the Maritimes) to freeze in the dark in their driveways, but that is what Turdeau and Butts want to do to all Canadians. All of the provinces could succeed from Confederation, of course, leaving Ottawa as an imperial city in the manner of the City of London, the Vatican, and Washington DC. with Turdeau free to wander around in whatever costumes he likes, having smoke blown up his Tommy Hilfigers by… Read more »

Del
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Del

Rather than a “leader” whose prime responsibility is to stand up for and promote Canada as the great respected nation it was, we have a spineless social justice pussy hat clown who spews his pathetic platitudes, pretending he is doing “what Canadians expect, what Canadians want”. The responses he got from his pathetic town hall tours are simply ignored. Rather than his typical play on words saying “the pipeline will be built”, we need to hear “work on the pipeline is starting this afternoon” and “trespassers are going to be arrested and face criminal charges for violating Court orders”. The… Read more »

Shawn Harris
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Shawn Harris

It would appear that the Kinder Morgan Pipeline will become the very thing the protesters want, stopped and left unbuilt. Why, simple, Trudeau was trying to be clever, but has exposed himself as a deceitful liar with duplicitous motives. Trudeau deliberately allowed the Trans Mountain Pipeline to become the ticking time bomb that it is today. Trudeau has never wanted to support the oil industry and this is the clearest example of his betrayal to both the oil industry and all Canadians. Trudeau has proven by his decisions, such as remaking the National Energy Board from a world renowned and… Read more »

Ron Voss
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Ron Voss

An article that Hal Kvisle co-authored in December 2010, THE ROAD AHEAD – WHAT CANADA SHOULD BE DOING ON CLIMATE CHANGE: http://thebusinesscouncil.ca/publications/the-road-ahead-what-canada-should-be-doing-on-climate-change/ Some excerpts: “Still, the fact that a global agreement has proven so elusive does not absolve Canadians of the responsibility to strengthen our own efforts to limit the growth of GHG emissions and contribute to the search for more environmentally sustainable forms of development.” “First, we need to get our act together as a country when it comes to climate policy. In particular, governments at all levels should commit to a national approach to GHG reductions and carbon… Read more »

John Skripak
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John Skripak

If Alberta and Saskatchewan seceded from Canada and joined the Trump USA, they would be receiving world price for their oil being exported to the USA. Give us world oil prices and we will dump Quebec-Ontario controlled Canada and join the USA!