News Trudeau cabinet approves Trans Mountain expansion project - GoFuckYourself.com

Brian mike · 06-19-2019, 06:04 AM

Federal officials say construction of the $7.4 billion pipeline is likely to begin in 2019

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

Trans Mountain

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

Brian mike · 06-19-2019, 07:05 AM

Quote:

Originally Posted by celandina

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

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.

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

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

That's the mentality of most People in Quebec

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 ....

Just saying

06-19-2019, 06:04 AM	#1
Brian mike STAND OUR GROUND Industry Role: Join Date: Oct 2014 Location: Canada Posts: 7,089	Trudeau cabinet approves Trans Mountain expansion project Federal officials say construction of the $7.4 billion pipeline is likely to begin in 2019 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

06-19-2019, 06:34 AM	#3
optics So Fucking Banned Industry Role: Join Date: Mar 2019 Location: near Rotherham Posts: 520	I like to picture Trudeau and hijab-woman in New Zealand as wartime leaders....

06-19-2019, 06:57 AM	#4
celandina Too lazy to set a custom title Industry Role: Join Date: Jun 2006 Posts: 10,833	He bought it with 5 bil. of taxpayers money he better finish it and make some cash back

06-19-2019, 07:32 AM	#6
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 45,806	That's too bad. I was hoping to see it die. Canada needs less oil.