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Canada pledges 'necessary action' to ensure Trans Mountain pipeline

Published 02/13/2018, 03:20 PM
© Reuters.  Canada pledges 'necessary action' to ensure Trans Mountain pipeline
KMI
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  • Canada's Natural Resources Minister Carr says the government will not tolerate attempts by British Columbia to stop the expansion of Kinder Morgan 's (KMI +0.5%) Trans Mountain pipeline, and that the federal government has “all kinds of options” to exert its constitutional authority over interprovincial pipelines.
  • But B.C. has not enacted an actual ban, which limits the federal government's legal options for fighting back; even Carr says “all British Columbia has tangibly done at this point is signal its intention to consult with the people of its province."
  • "We appreciate that the federal government gets the ridiculousness of [B.C.'s position] as much as we do," says Alberta Premier Notley while trying to nudge Ottawa into backing up its rhetoric with actions.
  • KMI recently said it expects the operational date for the pipeline is now a year later than expected, to December 2020, but that it remains committed to the $7.4B project despite the latest hurdles.
  • Now read: Kinder Morgan: The Struggle Continues At Trans Mountain


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