After the sale is complete, anticipated this August, the federal government will continue construction before selling it to a new long-term owner or owners.
As part of the agreement, the Government of Canada has agreed to fund the resumption of TMEP planning and construction work by guaranteeing TMEP's expenditures under a separate Federal Government recourse credit facility until the transaction closes.
The original Trans Mountain pipeline was built in 1953. The expansion would allow the system to send 890,000 barrels of different types of oil products from Edmonton to Burnaby per day.
Pipeline supporters, including the province of Alberta and the federal government, argue the project is a critical piece of infrastructure needed to help Canadian oil reach new markets in Asia.
"So now when we're moving to this new phase where we're actually buying pipelines, that certainly isn't moving forward with any of the commitments that many Canadians want to see". However, Sohi would not say if the government has a date in mind for when the project will be sold to the private sector.
"The federal government is going to have a higher obligation to make sure that the Canadian workforce is going to be the one to benefit", he said, especially because the project is under intense scrutiny.
"Tens of thousands of B.C.jobs depend on pristine coastal and inland waters". "What matters is defending our coast - and our lands, rivers and streams - from the impact of a dilbit spill".
According to Blaney, Canadians are wondering why Canada would be pumping oil to the States just to buy it back.
"Multiple Indigenous legal challenges are still outstanding and can stop this project".
"Our government is determined to defend British Columbia's interests within the rule of law and in the courts", he said.
But Premier Horgan was not persuaded. "We will continue our reference case, to determine our rights within our provincial jurisdiction".
He added the purchasing consortium should also include an established pipeline company such as TransCanada Corp. or Enbridge Inc.to look after operations.
Opponents - including environmentalists, First Nations and community groups - have vowed to redouble their protests.
Still, there wasn't much of an increase of protesters in Burnaby on Saturday.
Kinder Morgan is walking away from a major energy project here in Canada.
Opposition and United Conservative Party Leader Jason Kenney said on Thursday he was still ready "to swallow the bitter pill" and support backing Alberta's $2-billion investment if it means the pipeline will be built.
"We are glad that the Trans Mountain pipeline expansion was not permanently cancelled today, but given Justin Trudeau's failure to take any action to end the death by delay tactics in British Columbia, we still have very serious concerns about the project proceeding", Kenney said in his statement. The City has 30 days to appeal the ruling. "We are absolutely shocked and appalled that Canada is willingly investing taxpayers' money in such a highly controversial fossil fuel expansion project", Grand Chief Stewart Philip, president of the Union of B.C. Indian Chiefs, told the Toronto Star.
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