"We said we should get the pipeline built and we are getting it built".
The deal needs to be approved by Kinder Morgan shareholders.
On Tuesday, B.C. Premier John Horgan vowed to continue to fight the pipeline in court.
Federal Finance Minister Bill Morneau made the announcement from Ottawa and says the deal represents a sound investment.
Canada's long-term plan is to finance the costs of construction through the paid contracts with oil producers to ship their oil through the pipeline, and recoup its investment through an eventual sale.
Alberta has agreed to put up to $2 billion on the table to cover off any unexpected costs during the sale or construction phases, and will receive equity or profit for any money it does put in. They said more oil-by-rail shipments would be necessary.
Prime Minister Justin Trudeau has long insisted the project is in Canada's national interest and is a pivotal part of the country's economic future.
This despite Obama's hypocritical veto of the Keystone XL pipeline to move Alberta's oil to the U.S. Gulf Coast. The Export Development Bank of Canada will finance the plan and create a Crown corporation to run and manage the pipeline during Canada's ownership period.
First, said Morneau announced "an agreement with Kinder Morgan to purchase the existing Trans Mountain infrastructure related to the TMX project".
While Brad Wall is happy the federal government stepped in to ensure the Trans Mountain extension's construction, he doesn't believe the Liberals needed to buy it. Kean is also CEO of Kinder Morgan, Inc., the Houston-based firm that owns 70 per cent of the Canadian firm.
Morneau couldn't say what additional costs, if any, would be incurred by Canadians in building the pipeline.
But if one isn't found by July 22, Kinder Morgan's stake in the pipeline would be bought out by the Canadian government, which would proceed with the expansion, whose cost has been estimated at about $5.7 billion.
Finance Minister Bill Morneau has proposed sacrificing Canadian taxpayers to bail out an uneconomic US pipeline owned by former Enron executives.
Peter Milobar, Stone's counterpart in Kamloops-North Thompson, blamed Horgan and Environment Minister George Heyman for causing the impasse that led to the federal government's decision, saying it's time the two "become regulators, and not activists".
"This is a major step forward for all Canadians", tweeted Rachel Notley, the premier of Alberta.
"It's really quite a turnup for the books for the Canadian government to buy itself a pipeline", he said.
The Alberta government responded with a short-lived ban on the import of B.C. wines, and the passing of Bill 12, legislation that would allow the Alberta government to "turn off the taps" for oil imports to B.C. They have also asked the court to reopen its evidentiary record, more than six months after hearings concluded, to consider new evidence uncovered by a National Observer investigation that revealed public servants were instructed to find a way to approve the project before the government had concluded consultations with First Nations.
Kinder Morgan last month gave Ottawa an ultimatum: Chairman Steve Kean said the company would suspend all work on the expansion project entirely if the legal issues surrounding it can not be resolved by May 31, adding that it would not continue risking shareholder funds on the project unless the clouds over it clear.
Bad enough that people like hysterical, anti-pipeline protesters, as Robert Bryce explains in his book Power Hungry, refuse to accept the inescapable reality that, "We use hydrocarbons - coal, oil and natural gas - not because we like them, but because they produce lots of heat energy from small spaces, at prices we can afford in the quantities that we demand".
Ex-Trump aide Sam Nunberg candidly pointed out the cycle of conspiracy theories peddled by Trump and the few outlets he likes. Trump has repeatedly called for the investigation to end, often demonstrably and on Twitter.
As the floodwaters receded late Sunday, officials were only beginning the grim task of assessing the destruction. Another massive cleanup, serious economic losses and a daunting comeback couldn't come at a worse time.
Officials argued Tuesday that releasing the entire family would remove all consequences for adults trying to enter the U.S. Prior to his daughter's controversial Tweet, President Donald Trump tried to blame the "horrible law" on Democrats .
The expansion Golden Knights have won over Las Vegas residents during the team's surprising run to the Stanley Cup Final . Holtby was beaten for five goals, with the sixth being an empty-net tally from Tomas Nosek late in the third period.
The new Double Gear system boosts Mega Man's speed and power for a new twist to the satisfying gameplay the series is known for. Thankfully, it will be available on myriad platforms in order to offer practically everyone the chance to play it at launch.
Apple is expected to use OLED displays in its second-generation iPhone X and the larger " iPhone X Plus", says MacRumors . The news sent shares of Apple's current LCD supplier, Japan Display, tumbling 20%.
Hopefully players pretty much know if you're going to hit someone on objective , you've got to go a little lower. He was promptly erased from the basepaths when Montgomery induced an inning-ending double play to David Freese.
Britain's Jo Konta, a Wimbledon semi-finalist past year , was beaten in straight sets by Yulia Putintseva of Kazakhstan. Trungelliti, a 28-year-old Argentine ranked 190th, lost in qualifying at Roland Garros and then headed home to Spain.
Kevin Durant hits some deep twos with Trevor Ariza basically on him like a shadow and Stephen Curry scores 11 consecutive points. Durant is incredible, but his isolation sets have had a tendency to drag down Golden State's offense at times.
He was captain of the F/V Maverick and was featured on multiple episodes before he voluntarily quit following season 3 in 2007. A friend of his had called the police, having become anxious because he had not had contact with Painter for days on end.
The national crisis centre, on high alert since past attacks by Islamic State in Paris and Brussels, is also investigating. In that attack a former convict armed with grenades and an automatic rifle killed six people and wounded more than 120.
Wickstead has responded to the dress gate drama herself, releasing a statement to New York Magazine's The Cut . You're pathetic!" commented an Instagram user. "Me thinks somebody's after some publicity", wrote another.
The company is hoping this will nullify any customer service-related issues, while effectively boosting their long-term value. The list of inappropriate behaviors includes smoking, using drugs or alcohol, sleeping or improperly using the restroom.
At 1000 PM CDT (0300 UTC), the center of Subtropical Depression Alberto was located near latitude 31.4 North, longitude 86.2 West. A storm surge watch remains in effect for much of northern Florida, from the Suwannee to Navarre in the Panhandle.
Mark Warner (D-Va.), the top Democrat on the Senate Intelligence Committee, later criticized their presence at the latter meeting. News reports indicate the informant was an American professor in England who was not embedded within Trump's campaign .
According to Hudema, the movement opposing the project " will not back down" following the government's purchase. Alberta province also pledged to provide "emergency funding" for the pipeline's construction, if needed.
On Tuesday, Barr tweeted in response to a comment that accused Jarrett of hiding misdeeds from the Obama administration. The show returned in March after over 20 years to over 18 million viewers for its combined two-episode premiere .
The American got her first look at a break point late when Pliskova offered her a set point before sealing it with a timely ace. I always wanted to be a superhero, and it's kind of my way of being a superhero. "Hopefully the results continue to show".
US Commerce Secretary Wilbur Ross is scheduled to travel to China this week for another round of discussions. Proposed investment restrictions will be announced by June 30 and also take effect at a later date.
Now, Sesame Workshop is seeking a permanent injunction that would prevent the use of its trademarks in association with the film. The movie is described as being a filthy comedy and creator of the original Muppets, Jim Henson's son Brian Henson directs it.
Lauren Cohan, who plays Maggie, is only contracted to appear in six episodes in Season 9, which is now in production. Fear The Walking Dead has very successfully rebooted itself in season 4 and The Walking Dead could do the same.
One particularly disturbing image showed two children sleeping on mattresses on the floor inside what appeared to be a cage. The president called for Congress to draft a Summer immigration bill to address the ongoing problems at the border.
On Monday, Williams kicked off the French Open with a win, defeating the Czech Republic's Kristyna Pliskova in straight sets. She admitted the suit also had some functionality to it, after she suffered through blood clots after Olympia's birth.