‘Another Dead Pipeline?’

Yet another example of the combination of U.S. money, B.C. ‘environmentalists’ and aboriginal privilege damaging the Canadian economy:

“Kinder Morgan Canada Limited today announced that it is suspending all non-essential activities and related spending on the ‘Trans Mountain Expansion Project’.
{Trans Mountain has spent C$1.1 billion (approximately half of which has been spent since the KML IPO) and made unprecedented efforts to develop the Project since its initial filing with the National Energy Board in 2013.}

“KML also announced that under current circumstances, specifically including the continued actions in opposition to the Project by the Province of British Columbia, it will not commit additional shareholder resources to the Project.

“However, KML will consult with various stakeholders in an effort to reach agreements by May 31st that may allow the Project to proceed. The focus in those consultations will be on two principles: clarity on the path forward, particularly with respect to the ability to construct through B.C.; and, adequate protection of KML shareholders.

“…We have determined that in the current environment, we will not put KML shareholders at risk on the remaining project spend“,
said KML Chairman and Chief Executive Officer Steve Kean.

“The Project has the support of the Federal Government and the Provinces of Alberta and Saskatchewan but faces continued active opposition from the government of British Columbia.

“A company cannot resolve differences between governments. While we have succeeded in all legal challenges to date, a company cannot litigate its way to an in-service pipeline amidst jurisdictional differences between governments,”
added Kean.

“Today, KML is a very good midstream energy company, with limited debt. The uncertainty as to whether we will be able to finish what we start leads us to the conclusion that we should protect the value that KML has, rather than risking billions of dollars on an outcome that is outside of our control”,
Kean said.

“To date, we have spent considerable resources bringing the Project to this point and recognize the vital economic importance of the Project to Canada. Therefore, in the coming weeks we will work with stakeholders on potential ways to continue advancing the Project consistent with the two principles previously stated…

“The fact remains that a substantial portion of the Project must be constructed through British Columbia, and since the change in government in June 2017, that government has been clear and public in its intention to use ‘every tool in the toolbox’ to stop the Project. The uncertainty created by BC has not been resolved but instead has escalated into an inter-governmental dispute.”

“While we are prepared to accept the many risks traditionally presented by large construction projects, extraordinary political risks that are completely outside of our control and that could prevent completion of the project are risks to which we simply cannot expose our shareholders”,
said Kean.

“However, given the importance of the Project to Canada and Alberta, to ‘indigenous’ communities, our shippers, our contractors, and working Canadians, we are committed to trying to find a way forward, working with stakeholders between now and the end of May on measures that may allow us to advance this critical project, but only if it does not subject KML shareholders to undue risk. If we cannot reach agreement by May 31st, it is difficult to conceive of any scenario in which we would proceed with the Project. The time period for reaching a potential resolution is short, but necessarily so because of approaching construction windows, the time required to mobilize contractors, and the need to commit materials orders, among many other imperatives associated with such a large project.”

“Please join KML and Kinder Morgan, Inc. (NYSE: KMI) at 8:30 a.m. Eastern Time on Monday April 9, 2018, at http://www.kindermorgancanadalimited.com or at http://www.kindermorgan.com for a LIVE webcast conference call that will include a discussion of the matters described in this news release. Dial: 1-517-308-9248 Passcode: 2088258”

–‘Kinder Morgan Canada Limited Suspends Non-Essential Spending on Trans Mountain Expansion Project’,
Kinder Morgan Canada Limited, April 8, 2018

https://www.prnewswire.com/news-releases/kinder-morgan-canada-limited-suspends-non-essential-spending-on-trans-mountain-expansion-project-300626072.html

Companies have already cancelled major investments in Canada because of the combination of excessive and slow-moving regulatory processes, plus Canada’s inability to enforce its laws where illegal protests are concerned – particularly when the interference is aboriginal. And let’s not forget Canadian courts’ readiness to allow frivolous aboriginal and environmental lawsuits and appeals.
Get ready for a lower standard of living…
^^^^^^^^^^^^^^^
“Kinder Morgan Canada Ltd shares fell as much as 4.7% on Tuesday after the company said there could be more delays in the expansion of its C$7.4 billion (US$5.8 billion) ‘Trans Mountain’ pipeline expansion, raising concerns about cost blowout….

“Kinder Morgan’s ‘Trans Mountain’ expansion to Canada’s west coast has already been delayed by nine months. The company said late on Monday that the lack of clarity around municipal permit processes and related judicial process could push it back further…

“I find it a very odd and sad situation that we have this sort of conflict going on once you’ve got federal approval and previous provincial approval”,
said Chris King, vice president and portfolio manager at ‘Morgan Meighen & Associates’, who holds shares in ‘Kinder Morgan Inc.’…”

–‘Kinder Morgan Canada drops 4.3% after more potential delay’,
Ethan Lou, Reuters, DECEMBER 5, 2017

https://ca.reuters.com/article/businessNews/idCAKBN1DZ2CW-OCABS

“Today Ta’ah Amy George, (Tsleil-Waututh ‘Nation’ {a ‘nation’ of 597 people} elder), Grand Chief Stewart Phillip, (President of the Union of B.C. Indian Chiefs), Chief Judy Wilson (Neskonlith ‘First Nation’ {a ‘nation’ of 660 people} in {ancestors’ former} Secwepemc territory), and Chief Bob Chamberlin (Kwikwasut’inuxw Haxwa’mis ‘First Nation’ {a ‘nation’ of 310 people}) were joined by hundreds of others in a full-day blockade at Kinder Morgan’s Burnaby construction site.

“Grand Chief Stewart Phillip, Penticton Indian Band, President UBCIC:

“There is absolutely no way that we are letting {such arrogance} Kinder Morgan expand its archaic and dangerous {hysterical nonsense} fossil fuel extraction. Today we proudly stood with {self-proclaimed} ‘land defenders’ {illegal protesters} to send a strong message to Kinder Morgan, its investors, and Trudeau — we will not stand down and we will remain united in our opposition…“

“The action represents the latest escalation in a growing, decades-long fight by ‘indigenous’ peoples to gain recognition for their {race-based} ‘rights’ and ‘title’. Nearly 200 people have been arrested peacefully {?} ‘resisting the pipeline’ {‘breaking the law’} in solidarity with impacted ‘indigenous’ communities since actions began last month.

“The Kinder Morgan pipeline — and the tar {oil} sands expansion it would enable — are incompatible with the federal government’s commitments under the {unConstitutional and racist} ‘United Nations Declaration on the Rights of ‘Indigenous’ Peoples’ (UNDR‘I’P) and threaten to worsen the ‘national crisis’ of ‘Missing and Murdered ‘Indigenous’ Women and Girls’ (MM‘I’WG).

“Chief Bob Chamberlin, Kwikwasut’inuxw Haxwa’mis, Vice-President UBCIC:

“The Prime Minister needs to understand that this project does not have the consent {of a few} of the ‘indigenous’ peoples whose {ancestors’ former} territory will be impacted – and you can’t achieve {one-way} ‘reconciliation’ without recognizing that you need our consent.”

{The Supreme Court has already ruled that you DON’T get a veto over resource projects!}

“Chief Judy Wilson, Neskonlith, Secretary-Treasurer UBCIC:

“Justin Trudeau…is confused and he is blind and he has to understand. This destruction cannot continue. Our Mother Earth needs us more than ever. The salmon, the orcas, need us...”

{‘Mother Earth’ is a European — NOT aboriginal – concept:
“We are constantly lectured by aboriginal supremacists about how ‘white man’ needs to understand our relationship with ‘Mother Earth’, the way that aboriginals ‘inherently’ do. It will therefore come as a surprise to many that ‘Mother Earth’ as a concept in Canadian culture is European in origin and has virtually no history or connection with aboriginal culture or belief – and that’s according to aboriginal elders and ‘scholars’.”
https://endracebasedlaw.wordpress.com/2016/09/19/mother-earth/

https://www.facebook.com/ENDRACEBASEDLAW/photos/a.336196793149227.59519.332982123470694/840370156065219/?type=3 }

“This latest wave of escalation comes on the heels of Prime Minister Justin Trudeau’s tour of Suncor’s tar {oil} sands operations yesterday. Trudeau approved the Kinder Morgan pipeline in 2016, despite his government’s failure to obtain consent {?} from ‘indigenous’ peoples along the pipeline and tanker route…

“‘Indigenous’ leaders and people across Canada and the U.S. have promised escalating action to stop this pipeline from moving forward. ‘International’ {‘American’} opposition to the tar {oil} sands project is on the rise, and opponents have promised to make sure Alberta Premier Rachel Notley hears that opposition when she promotes Kinder Morgan’s pipeline in New York and Toronto next week…”

–‘Indigenous Leaders Shut Down Construction on Kinder Morgan’s Pipeline’,
Newswire –provided by ‘Protect the Inlet’, April 07, 2018
https://www.newswire.ca/news-releases/indigenous-leaders-shut-down-construction-on-kinder-morgans-pipeline-679065693.html

See also:
‘Not Even A Slap On The Wrist’ (Pipeline Protesters – Burnaby) {January 15, 2018):
“So, police determine that an ‘anti-pipeline’ protest trailer is illegally parked in front of an oil storage facility. Protesters object to an already-approved expansion of a 60-year-old pipeline. Police leave the trailer alone for 2 months before finally arriving to enforce the law. A protester climbs on top of the trailer to stop it from being towed away. It works. The police go away {!?!}…”
https://endracebasedlaw.wordpress.com/2018/01/15/not-even-a-slap-on-the-wrist/

https://www.facebook.com/ENDRACEBASEDLAW/photos/a.336196793149227.59519.332982123470694/1231486080286956/?type=3&theater
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‘Pipeline Phobia’ (Standing Rock, U.S.) {November 23, 2016}:
“Dozens of people packed a free, public event {Paid for and initiated by U.S.-organized and funded ‘Leadnow’} Thursday evening in Vancouver to hear about how ‘direct-action’ {‘illegal’} protests have affected the ‘Dakota Access Pipeline’, and whether those tactics might ‘translate’ to ‘Kinder Morgan’s Burnaby Mountain project.”
https://endracebasedlaw.wordpress.com/2016/11/23/pipeline-phobia/

https://www.facebook.com/ENDRACEBASEDLAW/photos/a.336196793149227.59519.332982123470694/892458224189745/?type=3
^^^^^^^^^^^^^^^
‘Tribes Sign Treaty Opposing Pipelines’ {September 23, 2016}:
“‘Indigenous’ ‘nations’ from across the country signed a “continent-wide ‘indigenous’ treaty” to oppose five oil pipelines awaiting approval across the country.”
https://endracebasedlaw.wordpress.com/2016/09/23/tribes-sign-treaty-opposing-pipelines/

https://www.facebook.com/ENDRACEBASEDLAW/photos/a.336196793149227.59519.332982123470694/842958915806343/?type=3

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