Protesters said the announcement made the week a hard one, but many said they are still optimistic.
"One way or another we're going to get it back into the private sector", Morneau said.
"I believe that the government's idea is to make Trans Mountain the last pipeline that's built", he claimed. Kinder Morgan feared the expansion could become Canada's Standing Rock.
Trans Mountain runs from Alberta to British Columbia and the proposed expansion would be a twin line that would triple the system's carrying capacity to 890,000 bpd. Also, the 26 lenders that Kinder Morgan negotiated with agreed to exempt the pipeline company from penalties on loans if the project was delayed or obstructed because of political problems.
The planned protest comes after Justin Trudeau's Liberal government announced a plan on May 29 to buy the pipeline for $4.5 billion.More news: Long wait over for Goldolphin as Masar wins Derby
The club notes the future of this pipeline and tankers project is not exclusively up to the federal government: the rights of First Nations have been recognized by the Canadian courts, the Canadian constitution and the United Nations.
Opponents - including environmentalists, First Nations and community groups - have vowed to redouble their protests. "We think that today's announcement is based on extraordinary circumstances", Tim McMillan, CEO of the Canadian Association of Petroleum Producers, said in a press conference Tuesday.
However, Killoran said there is nothing hypothetical about Trans Mountain's intention to protect its work sites while continuing a project that the federal government has approved. "We will not stand down no matter who buys this ill-fated and exorbitantly priced pipeline".
The project will be worthwhile for the federal and Alberta governments even if it sells for less than it costs because it will improve access by oil producers to world markets, ensuring better prices that will translate into billions of dollars in corporate income taxes and oil royalties, he said.
"Our Canadian employees and contractors have worked very hard to advance the project to this critical stage, and they will now resume work in executing this important Canadian project", said Kean.More news: Melania Trump attends first official event in 24 days
Kinder Morgan Canada (TSE:KML) had its price target decreased by Royal Bank of Canada from C$24.00 to C$18.00 in a research report released on Wednesday. The City has 30 days to appeal the ruling.
Though the expansion has received federal approval, it has seen numerous delays because of local opposition and legal challenges.
The Provinces of British Columbia in April asked the B.C. Court of Appeal to decide the province has the power to restrict increased heavy crude shipments to its coast due to oil spill fears.
"Buying this leaky old pipeline is like going to a casino and gambling your children's education fund", she said.
Worse still, that is $4.5 billion that the private sector will simply invest in other energy projects outside of Canada.More news: Sara Gilbert Addresses Roseanne Cancellation on The Talk