Kinder Morgan suspends Trans Mountain expansion

| April 9, 2018 in National News

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Pipeline politics have put a halt to the Trans Mountain pipeline expansion project.

Kinder Morgan announced on Sunday that it would be suspending all non-essential activities and spending related to the project.
 


The company specifically cited continued actions from the Province of British Columbia as the reason it won’t commit additional shareholder resources to the project.

Kinder Morgan will, however, consult with various shareholders by May 31 in an effort to reach agreements that allow the project to proceed.

Those consultations will focus on clarity on the path forward and the adequate protection of Kinder Morgan shareholders.

"A company cannot resolve differences between governments,” said Steve Kean, KML chairman and CEO.

“While we have succeeded in all legal challenges to date, a company cannot litigate its way to an in-service pipeline amidst jurisdictional differences between governments.”

Meanwhile, B.C. Premier John Horgan released a statement regarding the decision on Sunday as well.

“British Columbians expect their government to stand up for their interests and our coast, and to do everything we can to protect our land and waters, our coastal communities and our local economies,” he said.

“The federal process failed to consider B.C.’s interests and the risk to our province. We joined the federal challenge, started by others, to make that point.”

Alberta Premier Rachel Notley said that the province would be bringing forward legislation that would give her government the power it needs to impose “serious economic consequences” on B.C.
 


“Let me be absolutely clear, (B.C.) cannot mess with Alberta,” she tweeted.

“We will be bringing forward legislation giving our gov't the powers it needs to impose serious economic consequences on British Columbia if its government continues on its present course.”

Prime Minister Justin Trudeau has not yet made a statement regarding Sunday’s decision.

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