#KinderMorgan, #TransMountain, #BillMorneau, #RachelNotley, #Alberta, #B.C. #JustinTrudeau, #Ottawa, #Canada
Ottawa, Apr 12 (Canadian-Media): Bill Morneau, Canada's Finance Minister had pledged Wednesday that Kinder Morgan’s May 31 deadline was a reasonable one and would be met to make sure construction goes ahead this summer, media reports said.
“Our approach is to engage with provinces to understand those risks; engage with the project proponent to understand what the financial hurdles are from their standpoint, and get to an answer that ensures the project moves forward in a very short timeline, meaning we can get on with something we know is going to be very positive for our economy,” the Finance Minister said and added the May 31 deadline “is a reasonable one to work with.”
Morneau had a meeting with Rachel Notley, Alberta Premier yesterday in Toronto and had committed to consider financial, legal and regulatory measures in building the Trans Mountain pipeline.
But besides that, neither Morneau nor Notley provided any other details about the meeting.
Notley had offered on Tuesday that her province was ready to purchase the pipeline project in order to ensure the building of Kinder Morgan's Trans Mountain Pipeline,
British Columbia (B.C.) government was of the firm belief that Kinder Morgan conditions had some legal challenges and did not offer protections for shareholders.
B.C. government was committed to a court challenge to restrict the flow of oil-sands bitumen through the province.
“If it is B.C.’s intent to exhaust Trans Mountain’s investors into submission, that strategy will not work. Alberta is prepared to take a public position in the company if it becomes necessary,” Notley said.
“No matter how hard the B.C. government may try, they cannot scare off our government or our province.”
Canada's Prime minister Justin Trudeau had tweeted a little while ago, "I wouldn’t approve major pipeline projects if I wasn’t confident they could be done safely. And they can be done safely because we’ve made a massive investment in protecting our oceans and coastlines – in BC and across the country."
(Reporting by Asha Bajaj)