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What Canada’s Pipeline Purchase Means for Line 3 and KXL


#1

What Canada’s Pipeline Purchase Means for Line 3 and KXL

What does it say about the prospects for multi-billion dollar tar sands oil pipelines, that a national government felt the need to buy a project outright in order to try to save it?


#2

Thank you for this good and hopeful information.
Some questions that I am unclear about …

  1. What is the nature of this bailout? Is it a loan (“pay us back if you ever make any $”), a purchase of certain assets, or a promise to cover losses? Does the gov’t require any kind of concession or restructuring, or is it de facto a no-strings gift to the industry? 2. Can the Canadian Parliament still stop or limit it? – could massive public pressure on some party members force them to vote for a change or even cancellation of the plan?

#3

I read that a few days before this “buy,” of Prime Minister Trudeau-------------that Kinder Morgan had a big oil spill…so who will be responsible to clean that up?