On yesterday's episode of The Ezra Levant Show, Ezra discussed pipelines, an issue that's almost been almost entirely forgotten about amidst the COVID-19 pandemic.
Like the Trans Mountain Pipeline, the pipeline that Prime Minister Justin Trudeau decided to go ahead and purchase from Kinder Morgan for $4.5 billion a few years ago.
The government owning a pipeline? Well that could be a good thing... Except, as Ezra explains, the problem is this:
There wasn't any legal excuse for Trudeau to block [the Trans Mountain Pipeline] so what could he do? Cancel it and basically confirm that no large projects could ever be done in Canada again. And also risk being sued for billions by Kinder Morgan, the company that took Canada's laws at face value and actually thought if you follow the rules you could build something...
But he panicked, and did what Trudeau does — he throws money at a problem, [this time] billions. He overpaid [when he bought the existing pipeline] for more than $1B over market value.
He bought the pipeline built in the 50s — it really wasn't for sale, it was happily pumping away — Trudeau bought that for a billion over market value just to shut up Kinder Morgan. To buy [himself] time to get through the last election without either environmentalists or Kinder Morgan squawking too much.
This excerpt is from Ezra's monologue. For the full monologue, and the rest of the episode of The Ezra Levant Show, be sure to SUBSCRIBE to RebelNews+.