Hundreds rallied against federal buyout of Kinder Morgan in Vancouver

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However, the British Columbian government said Tuesday it wasn't backing down.

Kamloops-South Thompson MLA Todd Stone said "bravo to Premier Horgan for taking a $7.4-million project that will create 15,000 jobs that would be built by a private proponent and now it's nationalization of a multi-billion dollar asset".

He adds he is still anxious about a potential spill in BC or in BC waters, adding he has already spoken with Prime Minister Justin Trudeau about moving forward with the reference case.

The Desjardins analysts suggested that, even if the pipeline were to be built, it would not provide enough capacity for Canadian oil exports going forward. The company stopped all non-essential spending on the pipeline expansion in April.

This despite Obama's hypocritical veto of the Keystone XL pipeline to move Alberta's oil to the U.S. Gulf Coast.

Notley told media Ottawa's decision means there is more certainty around the project than there has ever ben and said she doesn't plan to use her province's legislation that would've regulated the flow of oil exports for now.

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Alberta Premier Rachel Notley was much happier about today's announcement, which she showed through a series of tweets throughout the morning. He said that shareholders would receive a "fair price" for the assets.

The extraordinary move by the Canadian government to push ahead with the crucial pipeline has drawn strong reactions from across the country.

Then you have $2.1 billion in financial assurance that the government will have to put up for land-based spills.

Outrage over the federal government's announcement about buying the Trans Mountain pipeline to ensure it gets built could fuel unprecedented protests, says a prominent environmentalist who was at the forefront of British Columbia's so-called War in the Woods in the 1990s.

Horgan said his concerns remain rooted in what he calls the limited scientific knowledge of how diluted bitumen behaves in water, as well as perceived gaps in prevention efforts and response plans in the event of a spill.

"All hell is about to break loose in British Columbia", said long-time environmental activist Tzeporah Berman, who knocked on doors for the federal Liberals in British Columbia in 2015, helping Mr. Trudeau secure a decisive majority government, including 18 seats in Canada's westernmost province. There is also objection to the high greenhouse gas emissions from the processing of tar sands. The company said it would decide on the pipeline project's fate on 31 May. "I don't think there were any private sector companies willing to step into Kinder's shoe and so essentially because it's such an important project from an overall revenue point of view for industry and government, the federal government was left with little choice but to step in and take this risk on". Federal loan guarantees of an undisclosed amount will ensure that construction continues throughout the 2018 season. But over the past 30 years, the Canadian government has launched a major privatization effort, selling Air Canada, Canadian National Railway and Petro-Canada. The government said Tuesday it will offer future buyers "indemnity" from any losses incurred by "politically motivated unnecessary delays" - in other words, Canadian taxpayers could still be on the hook after the project is sold on, if opposition to the project continues to slow it down. Trans Mountain was seen as the one with the best chance of getting public approval because it would largely involve expanding an existing line rather than building a new one from scratch.

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