- The election of Trump, who supports TransCanada’s (NYSE:TRP) proposed Keystone XL pipeline, does not reduce the pressure on Canada's government to approve other pipeline projects to the Pacific and Atlantic coasts, Natural Resources Minister Jim Carr says.
- Financial Post interprets Carr's remarks as another indication that the Trudeau government is poised to approve Kinder Morgan 's (NYSE:KMI) $6.8B Trans Mountain pipeline expansion project.
- Keystone XL “doesn’t get oil to export markets... in Asia, and it’s a goal of the government of Canada to expand its export markets,” Carr said today when asked about the impact of Trump’s U.S. victory on the government’s pipeline plans.
- Carr also reiterates the government's pledge to make a decision by Dec. 19 on whether to approve KMI’s request to triple the capacity of the Trans Mountain pipeline to 895K bbl/day.
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Financial Post: Canada minister's oil export talk hints at Trans Mountain OK
Published 11/15/2016, 04:57 PM
Financial Post: Canada minister's oil export talk hints at Trans Mountain OK
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