From: sd.green@shaw.ca   
      
   Total nonsense! The report was conjured up by a bunch of NDP failures who   
   conprise the NDP do nothing wing. Ignore the report.   
      
      
      
      
      
   On Mon, 01 Jun 2015 15:04:27 -0700, No more tar    
   wrote:   
      
   > CBC News Posted: Jun 01, 2015   
   >   
   >   
   > Kinder Morgan Trans Mountain pipeline expansion could cost Canada   
   > $22.1B, says SFU study   
   >   
   > Study says excess pipeline capacity not needed, project not in public   
   > interest   
   >   
   >   
   > A new study from Simon Fraser University and Living Oceans Society says   
   > Kinder Morgan's Trans Mountain pipeline expansion project does not meet   
   > the National Energy Board's requirement of being in the public interest.   
   >   
   > The study says the project, which would triple Kinder Morgan's capacity   
   > to carry oil between Alberta and Burnaby, B.C., could come at a net cost   
   > to Canada of between $4.1 billion and $22.1 billion.   
   >   
   > Those costs are associated, not only with damage to the environment in   
   > the form of oil spills and greenhouse gas emissions, but also with   
   > building too much pipeline capacity, it says.   
   >   
   > "Right now if you look at the projects that the National Energy Board   
   > has approved or is under consideration, these pipeline projects will   
   > exceed demand by about 2.5 million barrels per day by 2020," said Tom   
   > Gunton, SFU Director of the Resource and Environmental Planning Program,   
   > who led the study.   
   >   
   > "Investing some $20 billion in potentially empty pipeline space imposes   
   > a very large cost on Canada, to the oil and gas sector, to the Canadian   
   > public in terms of reduced taxes and royalties."   
   >   
   > Gunton and his team argue that, by creating unnecessary capacity and   
   > diverting oil products from existing pipelines, oil and gas producers   
   > will lose out.   
   >   
   >   
   > 'Not, probably, the greatest thing to do'   
   >   
   > Kinder Morgan stands by its own analysis of benefits saying the pipeline   
   > expansion will increase revenues for producers by $45 billion over 20   
   > years while adding $14.7 billion in government revenue.   
   >   
   > "Building projects that are bad for the environment and bad for the   
   > economy is not, probably, the greatest thing to do," Gunton said.   
   >   
   > This latest study follows two other reports released last week that were   
   > similarly critical of the project, one from the City of Vancouver and   
   > one from the Tsleil-Waututh First Nation.   
      
      
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