Calkins: Liberals fumble the ball with “The Taxpayer’s Pipeline”
It is widely known that in a free-market society, the government should not interfere in the private sector. I guess someone forgot to mention this to the Liberals.
On May 29th the Liberal Government announced their intention to purchase the Kinder Morgen TransMountain Pipeline and its expansion project for the hefty price tag of 4.5 billion dollars. That’s right Canada; you are now the proud owners of a 65 year old pipeline, and a 7.4 billion dollar project that the private sector deems too risky to continue to pursue.
While the Liberal Government claims that building the pipeline is in the best interest of Canada and have reaffirmed their commitment to building the pipeline, I cannot understand why the Prime Minister would simply not give Kinder Morgan the assurances they were asking for.
Kinder Morgan has never asked for a dime of taxpayer dollars for this project. All they have ever asked for is a clear path to build the project.