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-   -   News Trudeau cabinet approves Trans Mountain expansion project (https://gfy.com/showthread.php?t=1314464)

Brian mike 06-19-2019 06:04 AM

Trudeau cabinet approves Trans Mountain expansion project
 
Federal officials say construction of the $7.4 billion pipeline is likely to begin in 2019

https://i.cbc.ca/1.5180765.156089943...e-20190618.jpg

Prime Minister Justin Trudeau and his cabinet have again approved the Trans Mountain expansion project, a crucial next step for the much-delayed pipeline project designed to carry nearly a million barrels of oil from Alberta's oilpatch to the B.C. coast each day.

The cabinet has affirmed the National Energy Board's conclusion that, while the pipeline has the potential to damage the environment and marine life, it's in the national interest and could contribute tens of billions of dollars to government coffers and create and sustain thousands of jobs.

Beyond approving the project, Trudeau also committed to directing every single dollar the federal government earns from the pipeline — which, when it's built, is estimated to be some $500 million a year in federal corporate tax revenue alone — to investments in unspecified clean energy projects.

Sale proceeds to go to green projects
Any proceeds from the eventual sale of the pipeline will also be earmarked for projects that would help with the transition away from fossil fuels to cleaner sources of energy.

"We need to create wealth today so we can invest in the future. We need resources to invest in Canadians so they can take advantage of the opportunities generated by a rapidly changing economy, here at home and around the world," Trudeau said.

Trudeau said building the project, which will help deliver Canadian oil to tidewater for shipment to lucrative markets in Asia, will ensure Canada is not dependent on selling its natural resources to one customer — the United States.

https://www.cbc.ca/news/politics/tas...sion-1.5180269

optics 06-19-2019 06:27 AM

Quote:

Originally Posted by Brian mike (Post 22486839)
Trans Mountain

https://i.imgur.com/3yeqSsa.jpg

optics 06-19-2019 06:34 AM

I like to picture Trudeau and hijab-woman in New Zealand as wartime leaders....

celandina 06-19-2019 06:57 AM

He bought it with 5 bil. of taxpayers money he better finish it and make some cash back :2 cents:

Brian mike 06-19-2019 07:05 AM

Quote:

Originally Posted by celandina (Post 22486859)
He bought it with 5 bil. of taxpayers money he better finish it and make some cash back :2 cents:

I agree it was a Risky investment but look like it will be sold very soon... The construction should resume in couple weeks.

>>> https://ironcoalition.com/ those guys want to buy it badly. :thumbsup

2MuchMark 06-19-2019 07:32 AM

That's too bad. I was hoping to see it die. Canada needs less oil.

Brian mike 06-19-2019 07:51 AM

Quote:

Originally Posted by 2MuchMark (Post 22486871)
That's too bad. I was hoping to see it die. Canada needs less oil.

That's the mentality of most People in Quebec :1orglaugh Prefered get screwed by Hydro quebec and get Fed gov lost 5B ....
Have you think about how much your taxes will rise if this project dosent go through?
BTW How much is the taxes in Quebec combine fed/prov in 2019 ? 20 - 22%.... Already... imagine that another 2.5% - 5% on top of it to sponge the 5B lost LOL

In Alberta we pay 5% ONLY and we like it this way lol .... :xomunch Just saying :winkwink:


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