Kinder Morgan filings have Trans Mountain Pipeline costing Canadian government an additional $1.5 billion

first_img FacebookTwitterLinkedInEmailPrint分享Canadian Press service:Kinder Morgan Canada documents say expanding the Trans Mountain pipeline could cost the federal government an additional $1.9 billion (US$1.5 billion) beyond the company’s original construction estimate, and will take another year to complete.The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange Commission related to the company’s plan to sell the pipeline to the Canadian government for $4.5 billion.Kinder Morgan has long said it would cost $7.4 billion to build a second pipeline parallel to the first in order to triple its capacity, but the financial documents present a number of different construction cost scenarios, with the highest one being $9.3 billion.The documents also suggest construction won’t be complete until December 2021 — a full year beyond its previous projection of December 2020.Finance Minister Bill Morneau has been reluctant to talk about how much more it will cost to build the pipeline while the deal is being finalized.Robyn Allan, an independent economist and former CEO of the Insurance Corporation of British Columbia, said Kinder Morgan wouldn’t evaluate the fairness of the sale based on numbers that have no bearing on reality.Allan, who said she has expertise on a number of multibillion-dollar infrastructure projects, believes that, in the end, $9.3 billion will seem like a steal compared to the final price tag.“This is the least it’s going to cost,” said Allan.Allan said the only detailed information Canadians have about the particulars of the sale is due to investor laws in the United States and Canada that require Kinder Morgan to file documents outlining the specifics of the deal. Since taxpayers are the shareholders of the project now, she said Canadians deserve the same level of disclosure from Ottawa and they aren’t getting it.More: Cost to twin Trans Mountain pipeline could go $1.9B higher, Kinder Morgan says Kinder Morgan filings have Trans Mountain Pipeline costing Canadian government an additional $1.5 billionlast_img read more

De Boer ‘focused on Ajax’

first_imgFrank de Boer has insisted he is focused on Ajax amid suggestions the former Holland captain is a target for Tottenham. Press Association Albers told Voetbal International: “Through various channels it has become clear to me that Spurs are interested, but the club has not approached Ajax. “So for us there is not much to say about it. Frank focuses entirely on Ajax.” center_img The former Barcelona and Rangers defender is reportedly a contender to succeed the sacked Andre Villas-Boas as boss after leading Ajax to three Eredivisie titles. However, de Boer’s agent Guido Albers has played down the speculation. last_img read more

Dodgers prepare for unique challenge of this year’s shortened draft

first_img Dodgers hit seven home runs, sweep Colorado Rockies LOS ANGELES — For the past year, the Dodgers’ amateur scouts have been evaluating hundreds of high school and college players.They get to pick six of them.With the minor-league baseball season essentially canceled due to the coronavirus pandemic, Major League Baseball has cut this year’s draft from the usual 40 rounds to just five — a cost-cutting move in line with many of the decisions being made by teams expecting to play a shortened season (if any) without fans to supply revenue.The first round plus competitive-balance picks will be held Wednesday (televised on the MLB Network beginning at 4 p.m.) with the second through fifth rounds on Thursday (beginning at 2 p.m.).The Dodgers will make three picks in the first 66 — the 29th, 60th and 66th (acquired from the Minnesota Twins in the Kenta Maeda trade). Adding to the disappointment for scouting directors like Gasparino, this year’s draft seemed to be setting up as “probably the deepest draft in the last five years,” particularly among college pitchers and high school hitters.Which of those players the Dodgers select will be the culmination of a uniquely challenging evaluation process — one heavily invested in Zoom meetings and video study. The coronavirus pandemic cut short or eliminated spring seasons for many high school and college players, leaving scouts to spend the past three months pouring over what data and video they had already collected rather than watching those players on the field.“It’s different. Yeah, it’s going to be a challenge,” Gasparino said. “I think the good thing is we kind of treat this as a 365-day-a-year process. So, we have seen these players for 9 1/2 months roughly, and have a really good kind of base foundation. We’d always like more and you can definitely argue the last 2 1/2 months is at times the most important time period to evaluate these guys. But we do have a strong foundation so that’s in our favor.“I think it’s just changing your mindset a little bit to accepting a little more risk. I think you have to be willing to go with a little more unknown and a little more risk, and and be comfortable with it.”Related Articles “To be honest, it was disappointing to us and I think most of the scouting community,” Dodgers director of amateur scouting Billy Gasparino said of the decision to shorten the draft. “There’s a lot of good players that get taken in those top 10 rounds and we kind of felt a little limited, not having all 10. We can’t create the volume that we usually do. But that’s the rules and that’s what they decided.”While the Dodgers’ 40-man roster is loaded with high draft picks (including first-rounders like Clayton Kershaw, Walker Buehler, Corey Seager and Gavin Lux), a number of other players in key roles would not even have fit in this year’s draft — Justin Turner (a seventh-round pick of the Cincinnati Reds), Austin Barnes (a Miami Marlins ninth-round pick), Joc Pederson (the Dodgers’ 11th-round pick in 2010), Matt Beaty (12th round) and Tony Gonsolin (ninth round).Teams will be able to sign any undrafted players but the bonuses for those players will be limited to $20,000 — a fraction of the signing bonuses given to players taken in the sixth through 10th rounds during a normal draft. Because of that, the expectation is that many players will play college baseball rather than sign for such a low bonus.“Our initial feedback that we’ve gotten has been more on the disappointing side,” Gasparino said. “I think most players for that amount of money would rather just go back to school and either continue their education or take their chances in maybe a better draft atmosphere next year.“I do think it’s going to push a lot of talent back to college baseball.” Newsroom GuidelinesNews TipsContact UsReport an Error Cody Bellinger homer gives Dodgers their first walkoff win of season Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco Dodgers’ Max Muncy trying to work his way out of slow start How Dodgers pitcher Ross Stripling topped the baseball podcast empire last_img read more