August 11, 2017 Read More →

Setback to Kinder Morgan’s Canadian Oil Sands Pipeline Project

Reuters:

British Columbia will not allow Kinder Morgan Canada Ltd to begin work on public land for its Trans Mountain pipeline expansion until it “meaningfully” consults aboriginal communities, provincial officials said on Thursday. 

The $5.5 billion project through British Columbia, which secured federal government approval last year, would almost triple the capacity of the current Trans Mountain pipeline. 

The project’s prospect has become more uncertain after a left-leaning government took power in British Columbia in June, although the administration has since softened its rhetoric. 

British Columbia Environment Minister George Heyman told reporters in Vancouver it is unlikely that Kinder Morgan can begin work on public land by its September construction target. 

British Columbia will also seek to participate in court cases against federal approval of the project, Heyman said. 

Kinder Morgan said in a statement it takes the British Columbia government’s comments seriously and remains willing to meet with provincial officials. The company, which has scheduled most major work for next year, said Heyman’s announcement will not affect its timeline for Trans Mountain construction. 

But shares in Kinder Morgan Canada and Houston-based parent Kinder Morgan Inc fell soon after the minister’s comments and ended down 3.7 percent and 1.8 percent respectively.

More: British Columbia throws wrench in Kinder Morgan pipeline plan

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