The Pipelines segment operates Trans Mountain pipeline that transports approximately 300,000 barrels per day of crude oil and refined petroleum from Edmonton, Alberta to Burnaby, British Columbia; Puget Sound pipeline serving Washington State; and Jet Fuel pipeline serving Vancouver International Airport.
Kinder Morgan chief executive officer Steve Kean is happy with the deal, saying it benefits Canadians, Trans Mountain expansion project shippers and this company's shareholders.
More than 200 protesters - including NDP MP Kennedy Stewart and Green Party Leader Elizabeth May - have already been arrested for violating a court-ordered injunction to stay a certain distance away from Kinder Morgan's marine terminal in Burnaby, B.C. Many more protests are expected as anger at the government's pipeline purchase exploded this week.
We are endeavouring to move positively into the next decades without further harming the Earth.
While Prime Minister Justin Trudeau and Alberta Premier Rachel Notley have been adamant that the project is good for the entire country, B.C. Premier Joe Horgan and indigenous groups in B.C. have been opposed to the project for months. In my opinion, it was also his final and fatal fall from grace.
As for me, I say this of the pipelines: Never, never, never.
April 8, 2018: Kinder Morgan Canada suspends non-essential spending on the Trans Mountain expansion project and sets a May 31 deadline to reach agreements with stakeholders.
Analysts have said China is eager to get access to Canada's oil, but largely gave up hope that a pipeline to the Pacific coast would be built.
Tuesday, Kinder Morgan Canada announced a deal in the works to sell its Trans Mountain pipeline and expansion project to the Government of Canada for $4.5 billion.
The fact the federal government needed to buy Trans Mountain to ensure the project goes ahead does not bode well for the industry, said Chris Bloomer, CEO of the Canadian Energy Pipeline Association.
Were that court challenge to be dropped, it would remove a lot of the risk that has made the project so unattractive to the private sector.
Energy East would have been a job-creation bonanza, expected to create nearly 3,720 jobs during the construction phase and 97 permanent jobs once the pipeline was built. Kinder Morgan a year ago said it was about $7.4 billion, plus about $1 billion already spent - an estimate that's now considered low.
Horgan said his concerns remain rooted in what he calls the limited scientific knowledge of how diluted bitumen behaves in water, as well as perceived gaps in prevention efforts and response plans in the event of a spill.
The federal government can in theory step in and disallow any provincial laws that British Columbia might use to block the pipeline, but this provision in the Canadian constitution has not been used since the 1940s.
"As of today, this is the most certainty that this project has ever had", she said.
She also said any money the province puts in will be converted to equity in the pipeline, so there should be no negative effect on Alberta's credit rating.
"Our mandate from our people is to continue to defend our rights as a people and to protect our territory, not just for us but for future generations".
When comparing other options, pipelines are cheaper, safer and emissions are reduced, the letter reads.