Federal officials were in custody with Morgan on Monday when Prime Minister Justin Trudeau prepared to meet with the Cabinet before the company approached the approaching deadline to decide the fate of extending the Trans Mountain pipeline ,
Ottawa was able to announce the project on Tuesday morning, including a possible purchase, the Canadian Press reported.
But as of Monday night, three outcomes related to the controversial trans-mountain pipeline expansion were still possible: the Pipeline Company and the Federal Agency and the governments of Alberta will be able to reach agreement on how the 7,4- Billion dollar project will continue; that the parties will not reach an agreement; or that there will be an agreed extension of talks after Thursday's deadline set by Morgan.
"Talks with Morgan's children are intense," a senior source said remaining anonymous. "We're aiming for a form of completion before the deadline."
However, the Canadian Press reported late Monday that Finance Minister Bill Morneau might make a pipeline announcement Tuesday morning after an early morning cabinet meeting. One of the options for a deal is that Ottawa buys and builds the extension, then sells it as it finishes, or buys the project on an interim basis, then sells it to investors and leaves it for construction.
Mr. Morneau has already introduced a third option: to keep the project in Kinder Morgan's hands, but to offer insurance or compensation policy to cover cost overruns caused by political interference. When Morneau's The Globe and Mail office was contacted, Morneau's office refused to answer questions about the Canadian press release.
Children's Morgan started in April with 50 days of uncertainty when it was announced that the controversial expansion project would not continue to move Alberta to the West Coast – fought on environmental grounds by the British Columbia government – if it was not clear about his Saw its ability to build in BC and believed that it could adequately protect its shareholders by 31 May. The pipeline company should conclude a treasury deal and ensure that the pipeline is expanded. Englisch: www.cosmetic-business.com/en/showar…p?art_id=544 with dilute bitumen to supply new global markets continues
. Morneau will be speaking at an event in Calgary Chamber on Wednesday, but his office said it was just a stop to talk about broader issues such as investor confidence and the competitiveness of companies on their way to the seven finance and development ministers and central bank governors Speaking in Whistler, British Columbia
But in Calgary, the location for Mr. Morneau's speech had to be relocated to a new location to house hundreds of city business leaders looking for news from the Minister of Finance this week.
Calgary Scott Crockatt, Chamber of Commerce spokesman, said on Monday that the venue was moved from a hotel ballroom to a concert hall on the Stampede property to accommodate approximately 500 people.
"There is great interest in this event and what Minister Morneau has to say," said Mr. Crockatt. "The Calgary community hopes it has positive news."
Ottawa has said that it is ready to give public support to see the controversial project – it is only a question of how and in what form the support will be it will cost.
Two weeks ago, Mr Morneau said Ottawa was ready to compensate for the trans-mountain expansion against unnecessary delays politically motivated by the BC government. He later added that Morgan's child financial loss guarantee would probably be free of charge to Canadian taxpayers, as Ottawa would receive a premium from the promoters to extend that insurance.
In the past, federal officials have said: a The main worry is whether the company is seriously looking for a deal or whether it just wants to end the project. Mr. Morneau said others, including retirement plans, might be interested in investing in the project if Morgan's children lose interest. But so far, the Alberta government is the party that has expressed a definite interest in acquiring some sort of involvement in the project.
In Victoria, B.C. Attorney General David Eby said the uncertainty will continue beyond the project because of outstanding legal challenges. The Federal Appeals Tribunal is considering 15 consolidated challenges for the federal approvals of the pipeline project and could make a decision every day – or it might request a retrial to hear new evidence.
Applicants want to overthrow the National Energy Committee and Cabinet Decisions of the federal government, which approved the project.
"This, in my opinion, is the biggest legal challenge facing a particular project," Eby told reporters Monday. "Regardless of what the US government is announcing this week, the process will continue."
In the face of Ottawa's impending reaction, the critics of the expansion project intensified their attacks. The city of Vancouver announced that it was unable to fully cover its costs from a federal fund for refurbishing an MS Marathassa bunker fuel at English Bay three years ago – underscoring the lack of responsibility for response to spills and compensation. Vancouver Mayor Gregor Robertson said in a statement that the city's experience with this small oil spill was part of what drives opposition to the Children Morgan pipeline project. The B.C. Government says it has not been able to recover the cost of ship cleaning from shipowners.