CALGARY, Alberta - The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a dispute between Canada’s westernmost provinces over the Trans Mountain pipeline.
The legislation, dubbed the “turn off the taps” act, was passed but not enacted by the province’s previous, left-leaning New Democratic Party government last year in retaliation for British Columbia opposing the expansion of the Trans Mountain pipeline. “If needs be, we will do what is necessary to preserve the value of our resources and to stand up for our workers,” Kenney said. “This does not mean energy shipments will immediately be reduced, but rather that our government will now have the ability to use the law should circumstances require.”
Last August, after a number of regulatory delays, the Canadian government bought the pipeline from Kinder Morgan Canada Ltd for C$4.5 billion to ensure it gets built.
Childish squabbling won't achieve anything positive for Alberta, B.C., or Canada.
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Source: CNBC - 🏆 12. / 72 Read more »