Shaye Anderson, Alberta Municipal Affairs minister. File Photo

Alberta Ministers pleased with new pipeline deal

Ministers of Transportation and Municipal Affairs Brian Mason and Shaye Anderson say it’s a good day

May 29 was a good day for Albertans and all Canadians, according to Alberta Minister of Transportation Brian Mason and Minister of Municipal Affairs Shaye Anderson.

The federal government announced on Tuesday the purchase of the Kinder Morgan Pipeline from Alberta to British Columbia. The Government of Alberta will invest about $2 billion into an indemnity pool.

Minister Anderson says the the investment will only be payable once oil is flowing through the pipeline. After that the investment turns into an equity stake in the project.

“This deal will unlock investment in our oil sands. We know that people across this province and in Central Alberta are involved in the oil sands through different industries,” said Anderson, adding the deal will “unlock investment across this province.”

After the announcement, Anderson said people went back to work that day in the oil sands.

“This is going to create certainty which will create more investment in this province, which means more people are going to go back to work,” said Anderson.

Minister of Transportation says there will be plenty of work that will begin immediately as there is a back log of product waiting to be sent out.

“We will see many benefits coming from this pipeline. Immediately we will see more jobs, it will stimulate to oil patch, and reduce the price differential,” Mason said.

The pipeline being built means there will be more money paid to the government for things like roads, schools and hospitals, according to Anderson.

While a start date is not yet known, Ministers Mason and Anderson believe shovel will be put to ground soon.

Minister Mason also commented on the Government of British Columbia continuing their most current court case against the pipeline.

He says the court case isn’t likely to delay progress on the pipeline.

“The Federal government is committed to seeing it through, … we are committed to seeing it through,” said Mason.

So far there have been 16 court cases from the Government of British Columbia against the pipeline, each one was unsuccessful.

Minister Anderson says the people of British Columbia have their right to speak up for their beliefs and to see it in court, but he is confident the pipeline will be built.

“They are allowed to speak up and and defend their beliefs,” Anderson said. “But, we have won 16 out of 16 court cases.”

The pipeline will also have the added benefit of allowing Alberta and Canada to send its product to other markets.

“We won’t be captive to the American market anymore,” said Mason.

Mason and Anderson said the investment by the Federal Government is something they are both “very pleased” with.

Anderson called it a “great move forward” while Mason says it will benefit all of Canada, not just Alberta.

“We have been called on by our opposition to be more aggressive. Instead we used a steady and careful strategy, where we shifted the public’s interest to our side,” said Mason, adding, “we were even able to get the public from B.C. on our side.”

“It is a good day for Alberta and for all of Canada,” said Anderson.

 

Minister of Infrastructure and Transportation Brian Mason. File Photo

Just Posted

Innisfail RCMP arrest two men attempting to sell stolen property

A large amount of music equipment and instruments had been stolen

École Secondaire Notre Dame High School students hold ‘Food Truck Friday’

Food studies students learn what it takes to run a food truck business while giving to a good cause

Action Group Society seeking support for transit program

Donate A Ride needs a boost in funds to serve the community

Pro-immigration rally planned for Red Deer on Saturday

Rally taking place outside Red Deer City Hall from 11 a.m. to 2 p.m.

Springbrook Community Skate park Committee receives $125,000 CFEP grant

Group is nearly 75% funded for the $635,000 Skate Park Facility

VIDEO: U.S. Congress to probe whether Trump told lawyer Cohen to lie

At issue is a BuzzFeed News report that about negotiations over a Moscow real estate project

Ponoka cowboy Vernon (Bud) Butterfield passes away

The Ponoka Stampede Association announced his passing Friday

Rare ‘super blood wolf moon’ takes to the skies this Sunday

Celestial event happens only three times this century

Ponoka RCMP are looking for a missing man

Police say he may be in Drayton Valley and they are worried for his wellbeing

Dog dies saving B.C. family from burning home

Homeowners safe but one pet missing, another confirmed dead following fire

Fashion Fridays: Inspirational gym outfits

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Company issues lifetime ban after man jumps from cruise ship

Nick Naydev posted the video last week showing him standing on the balcony of the Symphony of the Seas

Inflation rises as higher airfares, veggie prices offset cheaper gas

Statistics Canada says inflation accelerated to two per cent in December

Russian fighter jets collide over Sea of Japan, crews eject

One plane crashed after its crew ejected safely, the other crew also ejected but they have not been found

Most Read