Toronto The Daily News – CrackedPudding.com

Top Menu

  • Login
  • Archives
  • Les Actualités
  • ESPAÑOL
  • Advertising
  • Contact Us

Main Menu

  • Home
  • Business
  • Entertainment
  • Food & Drink
  • Headline news
  • Health
  • Letters · Editorials
  • Buzz
  • Lifestyle
  • Sports
  • Adults Only
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login
  • Login
  • Archives
  • Les Actualités
  • ESPAÑOL
  • Advertising
  • Contact Us

logo

Header Banner

Toronto The Daily News – CrackedPudding.com

  • Home
  • Business
  • Entertainment
  • Food & Drink
  • Headline news
  • Health
  • Letters · Editorials
  • Buzz
  • Lifestyle
  • Sports
  • Adults Only
  • ShoutIt.ca: A new free speech social media platform changing the face of censorship

  • Titan Medical Launches “Titan Living Labs” Showcasing a Behind-the-Scenes Look at Product Development

  • Scarborough woman brings her jerk marinade from Malvern to Loblaws and Sobeys

  • John Summers: Abused mother died without seeing her son thanks to Ottawa lawyer relying on slander

  • Some cabbies caught in lurch after city demands expired plates back

Buzz
Home›Buzz›Canada’s purchase of Trans Mountain clears major U.S. hurdle

Canada’s purchase of Trans Mountain clears major U.S. hurdle

By admin
August 18, 2018
822
0
Share:

U.S national security review gives green light to government purchase

A U.S. national security review has given a green light to the Canadian government’s planned purchase of Kinder Morgan’s Trans Mountain pipeline project, moving the transaction one step closer to completion.

In July, CBC News reported that the deal was contingent in part on getting clearance from the Committee on Foreign Investments in the United States, also known as CFIUS.

The deal was subject to a CFIUS review because the purchase agreement includes the acquisition of the Puget Sound pipeline, a short spur line off the Trans Mountain system that transports Canadian crude oil from Abbotsford, B.C., to refineries in Washington state.

A spokesperson for Finance Minister Bill Morneau’s office confirmed to CBC News Friday that CFIUS had approved the planned purchase.

“The required regulatory approvals necessary for the close of the sale have been received. The transaction is proceeding as scheduled, and construction activities are on track as detailed in line with the 2018 work plan,” said Pierre-Olivier Herbert. “The Trans Mountain expansion is in the national interest and it must be built.”

There had been fears that the CFIUS review could pose a serious threat to the deal because, in some instances, the committee would defer the approval of a purchase to the president of the United States. That raised the prospect of Donald Trump holding up the project to secure leverage in trade disputes with Canada.

The federal government announced at the end of May it had reached a deal with Kinder Morgan Canada to purchase the pipeline and related infrastructure for $4.5 billion, and that it could spend billions more to build the controversial planned expansion. Ottawa said it was taking the unusual step of buying into the project in order to ensure the expansion’s completion in the face of intense political opposition in British Columbia.

The Trans Mountain expansion will build a new pipeline roughly parallel to the existing, 1,150-kilometre line that carries refined and unrefined oil products from the Edmonton area to Burnaby, B.C.

It will nearly triple the line’s capacity to 890,000 barrels a day. Trans Mountain is the only pipeline carrying Alberta crude to the West Coast, and the hope is that most of the oil will end up in tankers bound for Asia.

Post Views: 864
Previous Article

SEX-PLAINED From farting to fetishes and fantasies…we ...

Next Article

With 97 cranes in the sky, Toronto ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Buzz

    With 97 cranes in the sky, Toronto far ahead of other North American cities

    August 18, 2018
    By admin
  • Buzz

    Man clings to windshield wiper for free tram ride

    February 15, 2019
    By admin
  • Buzz

    Black Snow Is Falling from the Skies in Siberia, and It Is Toxic

    February 19, 2019
    By admin
  • Buzz

    Mums admit gross things they craved during pregnancy – including toilet cleaner

    March 28, 2019
    By admin
  • Buzz

    Some useful tips before buy CBD oil Online

    January 3, 2019
    By admin
  • Buzz

    New medical treatment imbues older adults with “teen blood” harvested from youth… vampirism about to become mainstream “medicine”

    January 4, 2019
    By admin

Popupar Articles

  • Week
  • Month

Week

  • Gigi Saul Guerrero: “La M... Chucky 2 le cambió la vida. Esa película la ins... 9 views
  • Sex Work in Canada Should... The Canadian government under the stewardship of Just... 4 views
  • Is It OK To Have Sex In P... If your hometown is anything like mine, there was... 4 views
  • Los latinoamericanos expe... La sociedad arcaica a la que los abuelos estaban acostu... 3 views
  • Lottery Winner Collects R... Winning the lottery can sometimes be both a blessing an... 3 views
  • Resort or a Real Danger:... Why do people need rest and relaxation? The response is... 2 views
  • Sex toys used to look ver... Before she passed away in 2016, sex-educator Joani Blan... 2 views
  • Sex Workers Begin New Pus... On a sunny June afternoon in Ridgewood, New York, close... 2 views
  • HOUSE OF HORRORS ‘Foster... A FOSTER mum accused of sexually assaulting and torturi... 2 views
  • Titan Medical Launches “T... TORONTO--(BUSINESS WIRE)--Titan Medical Inc. (“Titan”... 2 views

Month

  • Gigi Saul Guerrero: “La M... Chucky 2 le cambió la vida. Esa película la ins...
  • Sex Work in Canada Should... The Canadian government under the stewardship of Just...
  • Lottery Winner Collects R... Winning the lottery can sometimes be both a blessing an...
  • Is It OK To Have Sex In P... If your hometown is anything like mine, there was...
  • Freddie Achom on Blockcha... The Entrepreneur to the stars, Freddie Achom, is a popu...
  • BOMBSHELL: Google tracks... (Natural News) By now, most people realize that Google...
  • Los latinoamericanos expe... La sociedad arcaica a la que los abuelos estaban acostu...
  • Girl who wed zombie sex d... The woman who married a zombie sex doll has revealed th...
  • Música: Metric, el arte d... Este 2019 marca el inicio de una gira de Metr...
  • Sex toys used to look ver... Before she passed away in 2016, sex-educator Joani Blan...



Recent Articles

  • ShoutIt.ca: A new free speech social media platform changing the face of censorship
  • Titan Medical Launches “Titan Living Labs” Showcasing a Behind-the-Scenes Look at Product Development
  • Scarborough woman brings her jerk marinade from Malvern to Loblaws and Sobeys
  • John Summers: Abused mother died without seeing her son thanks to Ottawa lawyer relying on slander
  • Some cabbies caught in lurch after city demands expired plates back
  • Winterfolk Blues and Roots Festival celebrates its 19th year with virtual performances this February
  • The Leslieville Flea: Let’s work together to help local shops and restaurants survive and thrive
  • Toronto Life’s top Real Weddings of 2020
  • Toronto restaurants doing New Year’s Day brunch for takeout or delivery
  • University discriminated against man with brain injury, poor grades, court rules

Most Viewed Articles

  • BOMBSHELL: Google tracks your physical location even if you turn off location data on your mobile device (34,578)
  • The Largest, Best Studies Yet on Sex and Marijuana (33,070)
  • Resort or a Real Danger: the Paradise Islands in Opposition to Extreme Tourism (13,804)
  • Sex Work in Canada Should be Legalised For the Same Reasons as Marijuana (13,772)
  • Pornhub subsidiary wants to pay you cryptocurrency for watching porn – but don’t get too excited (2,462)
  • Greener lifestyles in Germany increasing demand for natural beauty, says Euromonitor (2,112)
  • Freddie Achom on Blockchain (2,095)
  • 6 people dead since start of heat wave, as Montreal unveils its emergency response plan (2,015)
  • Recent study finds that household cleaning chemicals decrease lung function over time (1,983)
  • Sex Workers Begin New Push for Decriminalization (1,947)

Visitors

  • Home
  • Business
  • Entertainment
  • Food & Drink
  • Headline news
  • Health
  • Letters · Editorials
  • Buzz
  • Lifestyle
  • Sports
  • Adults Only