Dedicated to the Restoration of Progressive Democracy
Quote:"Taxpayers will foot the $4.5 billion purchase price. That sum doesn't include what could be billions of dollars in construction costs, or the costs of cleaning up a spill — although Morneau said Alberta's government will share the cost of any unexpected or emergency cost overruns."http://www.cbc.ca/news/politics/pipeline-morneau-nationalize-1.4682199
Quote:"And the bill for taxpayers won’t be $4.5 billion as Morneau claims, but much closer to $20 billion, says economist Robyn Allan.Let’s parse the fantastic numbers, because they will affect all of us. The $4.5-billion purchase price only buys a leaking 65-year-old pipeline, an aging tanker farm not built to withstand earthquakes, and a port facility as well as engineering plans and permits for the twinning of a high-risk expansion project. In 2007, Kinder Morgan reported to the National Energy Board that it valued the Trans Mountain pipeline system at $550 million. Let’s repeat that fact: the federal government will pay $4.5 billion for an old and compromised tanker and pipeline system that the company valued at $550 million in 2007.“The federal government have overpaid for an aging asset that has huge integrity problems. Every year they have to spend more on maintenance to keep it running,” added Allan.Next, taxpayers are on the hook for the cost of twinning the project — an estimated $7.4 billion and climbing."https://thetyee.ca/Opinion/2018/05/29/Canada-Dirty-Pipeline-Bailout/
.. After all these years, I must be asleep at the wheel ..I must have missed the excellent consequentials of extirpating speciesby destroying habitats .. you know.. the boreal forestsThe inland waters must bear the cost..not just of tar sands lakes (not ponds) & toxinsSo lets just accept the Caribou are toast & related food chainsOff we go gaily via heated pipelines with the 'wealth'To Vancouver we shall go to supertankers half full heavenlyand off thrashing the Salish Sea nailing all sorts of habitat/speciesGoodby wild salmon, orcaand never a worry, we have 'world class' dilbit recoverySure sure.. we've had problems in the past just with diesel fuel recoveryfrom small tugs on the rocksbut dilbit for Asia or Washington State we have it coveredand this is for 'The Economy' dontcha know !It must be grown..This is the pathway for fracking of gas n oil to followTo Asia or some ally it shall gozillions of high paying jobs at stakemost for temporary foreign workerscalloo callaythese are exciting times for species extirpationabandoned wells leaking methaneand supertankers providing 'Energy Security For Canadians'
Post a Comment