Hundreds protest Kinder Morgan at double Burnaby-Whistler events

Trans Mountain private investigator

Trans Mountain private investigator

But, given the level of controversy surrounding construction, that's a hefty "if".

According to Kinder Morgan's project website, the construction and the first 20 years of expanded operations would mean a combined government revenue of $46.7 billion, with $5.7 billion for BC, $19.4 billion for Alberta and $21.6 billion for the rest of Canada.

A second pipeline related event, an "emergency town hall" on the Kinder Morgan project organized by Victoria NDP MP Murray Rankin, happens Friday from 5:30 to 7:30 p.m.

Kinder Morgan said it has agreed to work with the government until July 22 to find a third-party buyer for the pipeline, although Kean said his company will be paid the C$4.5 billion (from which it expects after-tax proceeds of C$1.5 billion) regardless of whether a new suitor is found.

"The failure to get... our product to Canadian tidewater has been estimated to cost the Canadian economy around $14 billion per year", she said.

At the time, Finance Minister Bill Morneau called the purchase an investment in Canada's future.

"Why in heck are we going after this insane adventure when everyone with half a brain knows it's time to move on and get away from the oil?"

Without government assurances that the pipeline project could proceed in full accordance with the law and duly secured permits and approvals, the company was going to shut construction down. It's not. Four pipelines were built under the previous government without spending one cent of taxpayers' money.

He said the company will have a "profitable piece of pipe" if it can complete the expansion. Prime Minister Justin Trudeau first proposed to indemnify the project from risk, but ultimately made a decision to purchase it outright as the May 31 deadline neared. "Maybe, because the federal government might have a. different capital return threshold than a private entity might have".

Protect the Inlet says, "The Trudeau's government purchase of the pipeline and tanker project "changes nothing" for those who are committed to do "whatever it takes" to protect the inlet, land, water and climate".

Other research analysts have also issued reports about the company.

The two companies have declined comment on the issue.

We are pleased to have worked with the federal government to ensure construction resumes, certainty is increased and Albertans and all Canadians enjoy the many benefits of having this project go forward.

The federal government's record of making money on investments in energy megaprojects is spotty, but it has often succeeded in saving troubled projects that eventually are sold back to the private sector, said Doucet.

Kinder Morgan was forced to abandon the tar sands pipeline project after facing escalating opposition from Indigenous Nations and leaders, as well as thousands of British Columbians who have pledged to engage in civil disobedience to stop the pipeline.

"The upside is that things get done sooner", he said.

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