June 4, 2018 Read More →

On the blogs: billionaire Houston oilman is the winner in Canada’s rescue of Trans Mountain pipeline project

Sightlines Institute:

In his continuing bid to earn his country the title of most corrupt petro-state, Canadian prime minister Justin Trudeau just committed his government—or, rather, all of the country’s citizens—to a Can$4.5 billion bailout for the Trans Mountain pipeline expansion project.

Trudeau’s government has agreed to buy the existing Trans Mountain Pipeline, along with associated assets, from the current owner, a subsidiary of Houston-based Kinder Morgan, Inc. And despite fierce opposition from the provincial government of British Columbia, First Nations groups, local municipalities, environmental activists, government watchdogs, and any sensible person concerned about the integrity of the Salish Sea, Trudeau plans to move forward with building a second pipeline that would nearly triple flows of heavy tar sands oil to the BC coast.

The big winner in all this is Houston’s richest billionaire, Richard Kinder—the executive chairman of Kinder Morgan, a multinational pipeline giant that rose from the ashes of Enron and succeeded in playing the Canadian government like a fiddle throughout the years-long Trans Mountain saga.

Canadian government bails out Houston billionaire

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