• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 24 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 days Does Toyota Know Something That We Don’t?
  • 3 days America should go after China but it should be done in a wise way.
  • 8 days World could get rid of Putin and Russia but nobody is bold enough
  • 10 days China is using Chinese Names of Cities on their Border with Russia.
  • 12 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 12 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 11 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 12 days Putin and Xi Bet on the Global South
  • 12 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"

Alberta Ready To Buy Trans Mountain Pipeline

Alberta Premier Rachel Notley upped the ante on the Trans Mountain oil pipeline by saying the provincial government was prepared to go all the way and buy the whole project if Kinder Morgan decided to drop it.

Earlier this week, following a statement from Kinder Morgan that it will drop Trans Mountain if it receives no clarity on its viability by the end of May, Notley said Alberta is prepared to invest in the project to make sure it goes ahead. Now, the province seems to be ready to fully take financial responsibility for Trans Mountain.

That’s not all, however. In her statement Monday, Notley had a clear message for British Columbia’s government—the reason Kinder Morgan is considering the suspension of the project and the reason the federal cabinet yesterday held an emergency meeting to weigh its options in what is turning into a real political crisis.

This is what Notley had to say to B.C. PM John Horgan: “Premier Horgan believes he can harass this project without economic consequences for his province. He is wrong. We will be bringing forward legislation in coming days giving our government the powers it needs to impose serious economic consequences on B.C. if its government continues on its present course.”

Related: Are U.S. Oil Majors Primed For A Comeback?

Horgan, for his part, said Alberta’s Premier can do whatever she wants within the borders of her province. “If she wants to invest in a pipeline that’s her business. I would prefer she invest in refining capacity,” he said as quoted by the Edmonton Journal.

The problem for B.C. is that what Notley and her government decide to do within the borders of their province will have an impact—a potentially very serious one—on British Columbia. If Alberta’s parliament approves the bill proposing to reduce the flow of oil to B.C., Horgan and his government will be hard pressed to continue its pipeline opposition. Such legislation would be the equivalent of twisting B.C.’s arm as it depends on energy imports from Alberta to keep its lights on.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News