Trans Mountain pipeline decision could end provincial infighting
by Daniel J. Graeber (feat. Kevin Birn)
May 30, 2018
May 30 (UPI) -- The federal decision by the Canadian government to take over the Trans Mountain expansion gets the project removed from provisional spats, analysts said.
After spending more than $850 million (USD) since it petitioned federal regulators for the project in 2013, pipeline company Kinder Morgan signaled in April that opposition to its plans to triple the design capacity for its Trans Mountain network to the western coast of Canada exposed its shareholders to undue risk.
On Tuesday, the federal government announced plans to purchase Kinder Morgan's pipeline and terminal assets for $3.5 billion, two days before the company was set to shelve the project.