The federal court of appeal has squashed the Kinder Morgan Trans Mountain pipeline approval.
It's back to the drawing board after five years of consultations, regulatory approvals and billions spent on the Kinder Morgan Trans Mountain pipeline expansion.
Canadian taxpayers are on the hook now for at least $4.5B, which could balloon up to $8B.
But that’s not the end of the cost of the death of Kinder Morgan at the hands of the Trudeau Liberals. Eight thousand direct jobs will be lost and indirect job losses are yet to be tallied.
To put this in perspective, during the National Energy Program, 15K oil and gas jobs were lost. The damage done by cancelling this pipeline is over half of that caused by the NEP!
Regina’s EVRAZ Steel, the company that was going to manufacture the physical pipes, now faces layoffs creating uncertain futures for hundreds of steel workers.
If Ontario’s auto sector or Quebec’s hydro plants were staring down this many job losses, the Feds would find a way to fix it. But so far, nothing is being done to save TMX and all of those jobs.
This isn't about saving the Earth or transitioning to Green energy or bitumen or killer whales or tanker traffic or anything else the environmentalist left wants you to believe.
This is a class war. It’s about rich liberal elites in Eastern Canada making sure that Albertans don't get too uppity and forget their place in confederation, as a colony of the Toronto to Montreal bubble, instead of an equal partner in the nation.
As my guest tonight tells us, oil and gas is the great equalizer, giving people who can work with their hands and their back the same economic clout as the fancy Laurentian Elites and academics, and those elites resent it.
Joining me tonight to talk about what the death of TMX means for the oil patch and what happens next, is activist and businessman, Robbie Picard from Oil Sands Strong.