AIMCo Invests Alberta Tax Money in American Pipeline Companies
August 22, 2016 Leave a comment
Today AIMCo announced that it is investing $500 million in an American company called Howard Energy Partners.
AIMCo is an Alberta crown corporation that manages money for government pensions and endowments. They have $90 billion under management. Virtually all of that money is derived from taxation.
What does Howard Energy Partners do?
Howard Energy Partners is an independent midstream energy company, owning and operating natural gas gathering and transportation pipelines, …
Alberta can’t get pipelines, in part because it is viciously opposed by US-backed opponents.
Meanwhile, the US continues building pipelines — lots of pipelines — and even has the pleasure of getting Alberta taxpayer money invested in its own pipeline companies.