- Kinder Morgan's (NYSE:KMI) Trans Mountain crude oil pipeline expansion again is criticized by British Columbia finance minister Carole James as a threat to coastal fisheries and tourism, but the level of antipathy does not extend to liquefied natural gas, at least according to comments made during an interview with Bloomberg.
- Carole James tells Bloomberg that she is deeply concerned by the seven-fold increase in tanker traffic that would be caused by the KMI project as Asia-bound cargoes expanded, but at least some other investments likely will move forward: "Let's just say I'm optimistic, not pessimistic, on at least a plant coming to British Columbia."
- Royal Dutch Shell (LON:RDSa) (RDS.A, RDS.B) has said it may sell some of its not yet built Canadian LNG assets, while Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) have said little recently on the status of their proposed B.C. projects; Malaysia's Petronas and China's Cnooc recently nixed their planned projects to ship LNG from western Canada to Asia.
- British Columbia is a participant in the pending legal challenge against the KMI project, which has won approval from the federal government.
- Now read: The Kinder Morgan Floor
Original article