April 09, 2018

Trans Mountain DONE: Kinder Morgan won’t spend another penny fighting pipeline opposition

Sheila Gunn ReidRebel Host | The Gunn Show

 

Kinder Morgan has suspended spending on the Trans Mountain Pipeline expansion project, citing the “continued actions in opposition to the project by the province of British Columbia.”

In a press release the company said “in the current environment we will not put Kinder Morgan shareholders at risk on the remaining project spend.”

It is so bad that Kinder Morgan president Ian Anderson told BC Premier John Horgan that the company was being unnecessarily harassed by the province of BC.

Kinder Morgan’s ready to cut a $1.1B loss on the $7.4B project because BC isn’t respecting the Canadian Constitution and Justin Trudeau doesn't seem all that concerned about it.

And Notley? Her solution is to ask Trudeau to do something “concrete” while she muses about investing money she doesn't have for an ownership stake in the pipeline, a move that sends the chilling message that to do business in Canada, a company has to partner with the state like Venezuela circa 2007.

Today I ask, what would Notley, Trudeau and Horgan have done differently if they were working for a foreign government to block pipelines and scare away oil and gas development?

Look at the radicals they’ve appointed to make decisions. Look at the policies they’ve implemented to deter investment to Canada.

Horgan, Notley and Trudeau are the best OPEC salesmen those dirty dictators ever had.

Comments
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commented 2018-04-11 10:13:11 -0400
Drew, let the Socialist bastards and cunts be shot in the head like it was in the 40’s in Europe.
commented 2018-04-10 07:33:51 -0400
Just like California ,British Columbia thinks it’s a sovereign nation and can do whatever it pleases without regard to the rest of the country.
Provincially , Federalism takes a back seat to self interest. Federally, Canadians take a back seat in favor of globalist policies that favour anyone but our own citizens.
Welcome to the progressive world brought to you by socialist Marxists that hide behind names like NDP and Liberal.
commented 2018-04-10 02:03:44 -0400
Let the Socialist Bastards freeze in the dark.
commented 2018-04-10 02:02:45 -0400
Damn just before that Liberal study was to be done to figure out why investment is leaving. That study surely would have shone the light on the reason why they left.
commented 2018-04-10 01:33:01 -0400
wow how wonderful. trudy and the scumbag east have won again. eastern pipeline gone and kinder morgan gone. someone please tell me why this so called country is still together. maybe these puke know what they are doing. promise us anything and screw you right in your wrinkling buts. thanks trudy.
commented 2018-04-10 00:41:04 -0400
Great report Sheila. Notley has to stop standing in front of her solar panels. It really ages a person.
commented 2018-04-09 23:46:58 -0400
Should have left the illegal protesters chained to the equipment. Filled em up with coffee and fiber.

Honestly, you knew this day was coming. Over 1.1 B of the total 7.4 B budget? 15% already blown and haven’t begun the heavy lifting yet.

Who in their right mind would keep plowing ahead? As an investor would you support moving ahead? In fact KM would have gained investor support if they were to have made this decision long ago.

What a sh_t show in the PMO Office. Gerald, you and your Fem Boy Trudeau should be ashamed. Include Catherine McKenna in that grouping as well.

And if you voted Liberal, shame on you. Social licence my arse. Take your Carbon Tax theory and pound salt.
commented 2018-04-09 20:49:03 -0400
When the lights go out, who will be the first to fear the dark? Who will be the first to assign blame? Who will be the first to claim entitlements? Who will be the first to declare a war on prosperity? W
commented 2018-04-09 20:38:52 -0400
Those so-called “protesters” should get one warning, then a bullet from the RCMP. That would reduce officer injuries. Suggestion to Kinder Morgan: Shoot, shovel, and shut up.
commented 2018-04-09 18:38:58 -0400
Sheila, excellent report.

Please stop using close-up photos of Nutley….they scare me!