But the takeover of the project does not necessarily mean the public should be alarmed, according to those experts. The project is expected to come under the ownership of the Canada Development Investment Corporation in August.
Killoran said an RCMP officer's affidavit outlines how protesters at the Burnaby work sites have taken advantage of the 10-minute warning period and slowed down the enforcement process, resulting in fewer arrests, more work for police, and no repercussions for protesters.
"We are good at managing projects". "Your job is to continue on, to embrace those changes, to communicate well, to keep everyone involved". Construction is set to resume immediately, with Ottawa footing the bill for summer construction, backed by loan guarantees. "Only Liberals would try to force through a pipeline and tankers through traditional First Nations territory and call that reconciliation", Cullen said, adding, "Watch he's about to say the environment and economy go together".
The immediate result is the resumption of work on the expansion nearly two months after Kinder Morgan halted all non-essential activities and set May 31 as a deadline to overcome the pipelines legal and political challenges.
The federal government may also put more focus on transparency and the environment, said Speers, who was formerly a consultant for firms such as KPMG and PricewaterhouseCoopers. "They were asking for certainty and a pathway to get the get the project built", Conservative Leader Andrew Scheer said.
Ottawa will pay $4.5 billion for assets the company valued in its 2017 financial statement at $3.7 billion (which includes construction work in progress), representing a 21-per-cent return on investment for Kinder Morgan and other shareholders.
"Kinder Morgan cut creative deals with lenders and oil producers to shield itself from massive write-downs like the ones taken recently by rivals TransCanada Corp and Enbridge Inc in canceling controversial pipeline projects", Reuters wrote.
For the Liberal government, that amount of money appears to be $4.5 billion.
The idea is to eventually find another buyer, but industry analysts have said that will be hard until all of the regulatory and legal hurdles are cleared.
The project will be worthwhile for the federal and Alberta governments even if it sells for less than it costs because it will improve access by oil producers to world markets, ensuring better prices that will translate into billions of dollars in corporate income taxes and oil royalties, he said. Premier John Horgan has vowed to continue his obstructionist tactics, including the reference case in the Court of Appeal to determine whether B.C. has the right to regulate bitumen that flows through the province.
Though the expansion has received federal approval, it has seen numerous delays because of local opposition and legal challenges.