Kinder Morgan: How We Got Here
- Details
- Published on Sunday, 29 November -0001 16:00
- Written by editor
How "rigorous" is Canada's pipeline process, really?
Amongst all the hooting and hollering over the Kinder Morgan Trans Mountain pipeline, it’s easy to lose track of how on earth we ended up in this place.Much of it comes down to the failure of Canada's environmental review process to address big questions about climate change, Indigenous rights, endangered whales and oil spills.
Editor-in-Chief Emma Gilchrist explored how we got into this mess and also how we get out of it. Check out her piece here.
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That was just one of the great stories we published this week, so read on! Time For a Fix: B.C. Looks at Overhaul of Reviews for Mines, Dams and Pipelines
By Sarah Cox
As pipeline politics dominate headlines, British Columbia is poised to overhaul the process that guides how major resource and development projects proceed.
The review now underway of the environmental assessment process has the potential to restore public confidence in the system that evaluates large developments — from open-pit coal mines to pipelines to hydro dams — by considering the combined effects of multiple projects in a single region and instituting other sweeping changes that critics say are long overdue. Read more.
By Judith Lavoie
Canadians are being urged to fight against a push by U.S. President Donald Trump to fast-track drilling for oil and gas in the Arctic National Wildlife Refuge, in the calving grounds of Porcupine caribou herd.
The Trump administration, which last fall slipped a provision allowing drilling in the Arctic Refuge into an unrelated tax bill, is forging ahead with plans to prepare for a mandatory environmental review of the decision and the Bureau of Land Management will be accepting comments from Americans and Canadians for the next 60 days to map out the scope of the review. Read more.
Kinder Morgan’s Canadian Executives Earn Millions As Governments Discuss Bailout
By Sarah Cox
Ian Anderson, president of Kinder Morgan Canada Ltd., must be laughing all the way to check on his stock options since the Trudeau government offered to use public funds to bail out the company’s stalled Trans Mountain Pipeline Expansion project.
Anderson earned almost $2.9 million last year in salary, stock awards and other compensation, according to company documents — and that was only from June through December.
Las week, in its quarterly financial report, Kinder Morgan Inc. announced results so strong it beat its own rosy forecast for the first segment of 2018. Read more.
The Myth of The Asian Market for Alberta’s Oil
By James Wilt
For years, we’ve been told again and again (and again) that Kinder Morgan’s proposed expansion of the Trans Mountain pipeline is desperately needed for producers to export oil to Asian countries and get much higher returns.
The way it’s been framed makes it seem like it’s the only thing standing between Alberta and fields of gold.
Small problem: Canadian producers already have the ability to ship their heavy oil to Asia via the existing 300,000 barrel per day Trans Mountain pipeline — but they’re not using it. Read more.
Elizabeth May: An Oilsands Bargain that Actually Makes Sense
By Elizabeth May
We import approximately 700,000 barrels of foreign crude per day to Eastern Canada. Kinder Morgan’s pipeline expansion will increase exports by 590,000 barrels per day. Why not stop imports, process bitumen in Alberta and sell it across Canada?
The answer comes readily. Big Oil has decreed that Canada provide raw resources for export, not value added.
But what if we took a page from Peter Lougheed’s book? His first rule for resource development was “think like an owner.” Read more.
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