While Mr. Morneau claimed the pipeline is the safest and most effective way to get natural resources to world markets, the truth is there is little, if any, demand for oil sands bitumen in Asia.
Kinder Morgan set the deadline in part due to frustrations with delays caused by the British Columbia government, which is concerned about possible oil spills.
The company also faced opposition from environmentalists and aboriginal groups who anxious about the pipeline spilling its tar-like heavy oil.
"Tens of thousands of B.C.jobs depend on pristine coastal and inland waters", said Horgan.
"We are purchasing the assets; we are purchasing the existing assets, and the investment in the twinning of that pipeline, and those assets are what is required for us to move forward with the expansion", he said.
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Deadliest Catch , a Discover Channel docu-series that began in 2005 and is still now running, follows fishers in the Bering Sea. Painter, a known expert crab fisherman, appeared in the hit documentary series from 2006 until 2007, during seasons 2 and 3.
The Alberta government responded with a short-lived ban on the import of B.C. wines, and the passing of Bill 12, legislation that would allow the Alberta government to "turn off the taps" for oil imports to B.C. It does not intend to own the project for long.
Horgan spoke with Prime Minister Justin Trudeau prior to Morneau's announcement. Kinder Morgan Canada and the federal government will spend the next eight weeks jointly trying to find another buyer for the pipeline.
The move drew immediate criticism from both sides of the political spectrum, and could hurt Trudeau's popularity in the key British Columbia battleground in a 2019 federal election.
That decision prompted the Alberta government to call an emergency cabinet meeting to come up with a response.
"It's a mess out there", said a Calgary industry source not authorized to speak publicly. A lack of capacity in pipelines or in rail cars to ship oil produced in Alberta is also hurting Canada's energy sector.
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They still can surrender open shots everywhere, a flaw that seems fatal against the 3-point happy Rockets or Warriors. While the absence of Kyrie Irving from late-season knee surgery finally, and ultimately, caught up to the Celtics.
As for serving the broader national interest, as the Finance Minister claims, Canada's strategic interests do not rest with feeding more cheap feedstock to U.S. West Coast refineries and then buying back refined products at a huge price spread.
Kean did not say why he made a decision to sell rather than absorb the risk of further delays.
"I think the transaction is a win-win. Now they [the Liberals] have left all their eggs in the Kinder Morgan basket". During or following construction of the expanded pipeline, which is expected to take about 2.5 years to complete, Canada will monitor the markets and seek out future investors interested in taking on the entire project once it is done.
Canada's government has said it is buying a controversial pipeline expansion project to ensure it gets built in the face of stiff opposition from environmental activists and a regional government. Like their national counterparts, the province's Greens adamantly oppose the Trans Mountain pipeline.
The pipeline would allow Canada to diversify and increase exports to Asia, where it could command a higher price.
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Upstream oil companies can not bear more given the burden of a 20% cess on crude, while reduction in duty will hit the exchequer. However, consumers can expect some relief as the Brent crude oil prices fell to around $78 from $80 per barrel on Friday.
Alberta Premier Rachel Notley, who's been locked in an escalating battle with Horgan over his opposition and has passed a bill threatening to cut off oil and gas shipments to British Columbia, struck a triumphant tone at a press conference in Edmonton.