Justin Trudeau Vows to Bail Out the Profitable Texas Oil Company, Kinder Morgan
In 2017, Texas oil company Kinder Morgan generated net profits of US$223 million and revenues of nearly US$14 billion. Despite Kinder Morgan’s high profitability and massive financial resources, Justin Trudeau has vowed to use taxpayer money to bail out Kinder Morgan on its planet-wrecking project to expand the Trans Mountain tar sands pipeline.
As I explain in this interview with Sharmini Peries of The Real News, Trudeau’s commitment to expend public money on this environmentally reckless project comes on top of his failure to end fossil fuel subsidies, something he promised to do in the 2015 election.
Canada’s government is indeed ‘back’ – it’s back to enriching oil barons at the expense of Canadians and the planet on which we depend for our very survival.
My interview with Sharmini Peries can be seen here: