Key dates in the history of the Trans Mountain pipeline — TIMELINE

Key dates in the history of the Trans Mountain pipeline — TIMELINE

Tuesday's announcement came two days before Kinder Morgan's deadline of May 31 to get a commitment that the pipeline would indeed be constructed.

"Ultimately it will take far more than this to restore investors' faith in Canada's project approval process".

August 2015: The NEB postpones public hearings after striking from the record economic evidence prepared by a Kinder Morgan consultant who was to begin working for the regulator.

NDP Leader Jagmeet Singh said he has not instructed any other MPs in his caucus about how to participate in protests and said he understands the frustration and anger of people who felt the Trudeau government promised to protect the environment, not build more pipelines.

May 29, 2018: Federal government announces deal to buy the Trans Mountain pipeline and expansion project from Kinder Morgan Canada for $4.5 billion. The 980-kilometre (600-mile) expansion is seen by the oil industry as a crucial link to Asian markets, allowing producers to diversify away from the US, which takes the vast majority of Canadian oil exports.

The Trans Mountain expansion would nearly triple capacity to 890,000 barrels of oil on a line running from Alberta to a terminal near Vancouver. "That's a very fair price".

"We are purchasing the assets; we are purchasing the existing assets, and the investment in the twinning of that pipeline, and those assets are what is required for us to move forward with the expansion", he said.

"This is a great day, not only for our company but for Canada", he said.

However, GMP FirstEnergy said the buyout was negative for future Canadian investment prospects.

2006 - 2008: The Anchor Loop project adds 160 kilometres of new pipeline through Jasper National Park and Mount Robson Provincial Park between Hinton, Alta., and Hargreaves, B.C. The extension includes 13 new pump stations and modifications to existing stations, increasing capacity from 260,000 bpd to 300,000 bpd.

The pipeline expansion would triple the capacity of an existing line to ship oil extracted from the oil sands in Alberta across the snow-capped peaks of the Canadian Rockies.

Twelve of the 13 oil producers - including BP Canada, Teck Energy Sales, Andeavor and Canadian Natural Resources - did not respond to Reuters inquiries or declined to comment on their contracts with Kinder Morgan. According to PSAC, the oil and gas industry in Canada supports over 540,000 jobs across the country. Resistance from Canada's First Nations and the province of British Columbia have stalled the pipeline, and Kinder Morgan said last month that it would make a decision by May 30 on whether to proceed with the project.

"It might have been a miscalculation on the premier's part to do the victory lap", said Brown.

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The government has said it is willing to cover the costs of budget overruns on the pipeline caused by political interference from British Columbia, but the company has not yet indicated if that will be enough to convince it to put shovels in the ground.

"So the feds need to get the pipeline built before they can realistically look for another buyer".

December 7, 2017: NEB allows Kinder Morgan Canada to bypass Burnaby bylaws.

Sanders was unavailable for an interview Tuesday, a company spokesman said.

The Canadian government, however, has no intention of owing the pipeline system for the long term. She opposed it specifically for that reason, unlike most other opponents who have cited fear of oil spills.

January 27, 2016: The federal Liberal government says pipeline projects such as the Trans Mountain expansion will now be assessed in part on the greenhouse gas emissions produced in the extraction and processing of the oil they carry.

January 17, 2018: Kinder Morgan Canada warns the Trans Mountain expansion project could be a year behind schedule.

"Now Kinder Morgan's US shareholders will be made whole", she said.

"The Trans Mountain expansion project is of vital interest to Canada and to Canadians", Morneau told a news conference in Ottawa.

Buying the pipeline outright became increasingly likely after Trudeau first pledged only to backstop it.

January 30, 2018: B.C. government moves to restrict any increase in diluted bitumen shipments until it conducts more spill response studies, a move that increases the uncertainty for Trans Mountain. The prime minister reiterated his intentions to get the line completed as he headed into a meeting with his cabinet Tuesday.

Trudeau could theoretically nullify any provincial law that effectively kills a federally approved project under a constitutional provision that hasn't been used since the 1940s.

The prime minister is already paying the political price. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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