Hundreds rallied against federal buyout of Kinder Morgan in Vancouver

The federal decision by the Canadian government to take over the Trans Mountain expansion gets the project removed from provisional spats, analysts said.

The plant holds contracts to supply 75 per cent of the steel required for the pipeline expansion.

"My experience is that people are motivated by betrayal, they're motivated by a lack of fairness, they're motivated by a sense of shared common objective and outrage".

Greenpeace, the Coast Salish Watch House, and other grassroots indigenous and environmental groups have already planned an emergency rally in Vancouver this evening. To do so, Canada will pay the pipeline's current owner, Kinder Morgan, $4.5 billion in Canadian dollars - about $3.5 billion in US currency.

Braun, said last month that delays in getting the pipeline built were threatening the provincial economy, said he was happy with the move and that it is a step to "restore confidence in our country as a place to invest".

The Trans Mountain project is created to increase capacity of the 65-year-old pipeline from Edmonton, Alberta, to Burnaby, B.C., from 300,000 to 890,000 barrels per day.

Alberta Party Leader Stephen Mandel said the decision sends a message to investors that even if a project is approved in Canada, they still might have to sell rather than build because the rule of law can't be enforced. It was a remote location that took most people five to seven hours to get through.

The decision to nationalize the Trans Mountain pipeline is not a victory, it's a failure. The measure made Kinder Morgan too nervous to continue.

Ottawa has the constitutional authority to build interprovincial projects like pipelines, but Premier John Horgan has gone to court to get a judge to weigh in on whether B.C.'s jurisdiction for the environment would allow him to regulate what flows through the pipeline.

"The protesters and the opposition, and the civil disobedience is probably going to increase", Khelsilem said.

Political observers said it's not clear how the pipeline's resurrection will effect next spring's election. By the closing bell, Kinder Morgan stock was back down to $16.10.

His support for the pipeline came with the proviso that it be part of an overall framework that included putting a price on carbon.

Climate Justice Saskatoon said their concerns remain when it comes to climate change, spill risks and job creation.

The rationale for the pipeline's construction is to secure access to an overseas export market for Canada's oil producers.

"We're going to physically, directly intervene and stop the destruction, starting on Friday".

"Honestly, not that much has changed", says Ben West, a long-time campaigner against pipelines in British Columbia, "other than the federal government is now wasting billions of taxpayers' dollars". "We're seeking the ensure the project gets done, but we will always try and make sure the project presents a fair situation for Canadians", he said.

The ensuing uncertainty, paired with opposition from environmental groups and some Indigenous communities in B.C., prompted Kinder Morgan to halt investment until the federal government could inject some certainty into the project.

Finance Minister Bill Morneau unveiled the government's long-awaited, big-budget strategy on Tuesday to save the plan to expand the oilsands pipeline.


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