Kinder Morgan Canada estimates the pipeline deal is worth about $12 per restricted voting share, after capital gains tax - about three-quarters of its total share price.
"This is the mischief we are here to address", Killoran said, adding protest organizers are committed to stopping Trans Mountain trucks from entering construction sites and aim to blockade other locations where the company might store equipment or have contractors working on the project.
Ottawa is playing favourites by investing billions of dollars in the Trans Mountain pipeline in Western Canada after snubbing a similar project on the East Coast.
The Trans Mountain Expansion Project is a C$7.4 billion construction project that will parallel the 1,150-km route of the existing Trans Mountain Pipeline, built in 1953.
However, the news that Ottawa would buy the pipeline and hope to sell the finished project was met with skepticism from some elected officials in Wood Buffalo and regret from others. In order to increase Trans Mountain's profitability, the National Energy Board allowed Kinder Morgan to double its tolls, increasing corporate profits while hiking the price that Canadian producers paid to reach worldwide markets.
Notley said she is confident the project will be seen as an attractive and profitable venture once it is built, as did Federal Infrastructure Amarjeet Sohi during a Wednesday visit to Fort McMurray.
Over 2,000 people attended an emergency rally on May 29, the same day that the Trudeau government announced they would purchase the pipeline after investors deemed it too risky.
Car drives onto field during baseball game, killing 1
That driver, 51-year-old Carol Sharrow of Sanford , is in custody - and faces a preliminary charge of manslaughter , police said. Parkhurst walked into the police station in 2013 after two interviews by the investigators and confessed, the archives show.
I felt like superhero - Serena Williams
On the final episode of Being Serena , Serena Williams struggled physically after returning to full time tennis training. But regardless, that's that, and...' But the internet is filled with conspiracy theories that she was born a man.
Facebook ditches trending news section
Instead, the software algorithm began to pick out posts that were getting the most attention, even if the information was bogus. It turns out that Trending wasn't as popular as Facebook would have hoped, and that's why it's removing the feature.
So given that building Trans Mountain will be every bit as hard for its next owner as it was for its previous one, Ottawa would have to sweeten the pot in other ways if it wants to offload this political albatross.
He said earlier this week the purchase has no bearing on B.C.'s case, which is before the B.C. Court of Appeal.
The Provinces of British Columbia in April asked the B.C. Court of Appeal to decide the province has the power to restrict increased heavy crude shipments to its coast due to oil spill fears.
Now, Justin Trudeau has made a decision to use taxpayer money to buy the entire pipeline.
"Even if the federal government restarts work on the expansion, there's no guarantee that the political and legal conflict will end".
"Buying this leaky old pipeline is like going to a casino and gambling your children's education fund", she said. Conservative Leader Andrew Scheer has vowed to make reviving Energy East a campaign issue and said he'd put a matching $4.5 billion on the table to get it done.