Pipeline relies on world climate fight failing

Re Trudeau’s boldest move, Editorial, May 30

Your editorial highlights the political risks in the Justin Trudeau government’s decision to buy the Kinder Morgan pipeline, but there is also a major economic risk involved.

If the government had read the fine print of Kinder Morgan’s security filings, it would note that the company warned its investors last year about the threat posed by successful action on climate change, in response to a formal complaint from Greenpeace on inadequate disclosure of climate risk.

According to the filing, serious progress on achieving the Paris climate agreement’s decarbonization goals would reduce oil demand and thus oil companies might not be able to honour their contracts with Kinder Morgan or sign new ones.

So Ottawa has bought itself a pipeline that only succeeds economically if the Paris agreement fails. Quite the Faustian bargain.

Keith Stewart, Greenpeace Canada, Toronto

Not only is this pipeline in direct violation of the constitutional rights of Indigenous peoples, but the bottom line is there is no viable market for bitumen transported by tankers. It’s not a product the world wants to buy.

HSBC and other big players know this and they are divesting from Alberta’s difficult oil because it’s not a valuable product, and even they are saying loudly that they want to steer clear of the oilsands because of the heavy consequences to the environment and Indigenous rights.

It’s shocking to see Paris climate “rock star” Justin Trudeau showing his true colours.

David Quigg, Toronto