MP Murray Rankin reacts to federal Liberals using tax dollars to buy out Kinder Morgan pipeline

“The Liberal government’s decision today to give $4.5 billion of taxpayers’ money to Texas oil company, Kinder Morgan, for the Trans Mountain pipeline is shameful and irresponsible,” said MP Murray Rankin.

The hefty price tag of $4.5 billion relates only to the pipeline’s existing assets. It does not include the construction of the proposed expansion of the pipeline. Experts have already suggested Canadians should be expecting a much higher figure; Canadians’ pension revenues in the Canada Pension Plan may be invested in the pipeline expansion. 

“It’s a ridiculous amount of money. The cost of meeting the shortfall for clean water on First Nations reserves is $3.2 billion. Instead, the Liberals want to buy a 65-year old pipeline for $4.5 billion that endangers the future of Victoria and the south coast of BC,” said Mr. Rankin. “Very few long-term jobs will be created and yet the risks are substantial.  Speaking of risks, the Federal Court of Appeal hasn’t even decided if Indigenous consultation meets constitutional standards and the BC Court of Appeal has not yet heard the challenge brought by the Government of British Columbia”. 

The community office of MP Murray Rankin in Victoria has already received dozens of phone calls today from constituents concerned about the risk of diluted bitumen oil spills that nobody knows how to clean up and that Canadians will be forced to pay for.

 “It’s simple: Climate change leaders don’t spend $4.5 billion on pipelines,” said Mr. Rankin.

– 30 –

For more information, please contact:
Krystal Thomson: 250-415-2097 or murray.rankin.c1@parl.gc.ca