Kinder Morgan

IEEFA Research

IEEFA report: Additional $320 million in subsidies used to finance Trans Mountain Pipeline in first half of 2019

IEEFA report: Additional $320 million in subsidies used to finance Trans Mountain Pipeline in first half of 2019

Economic case for TMX weaker than ever, according to financial analysis

November 19, 2019 (IEEFA North America) – The most recent analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) shows an additional $320 million in new subsidies was given in the first six months of this year to finance the already highly-subsidized multi-billion dollar Trans Mountain Pipeline (TMX), calling into question the economic […]

IEEFA update: ExxonMobil’s slide from the Top Ten of the S&P 500 ‒ historic turning point for the company

Milestone further underscores downward trend in the oil and gas sector

August 30, 2019 (IEEFA U.S.) ‒ ExxonMobil is no longer in the Top Ten of the Standard & Poor’s 500 Index, according to S&P’s monthly standings, as detailed in a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, ExxonMobil’s Fall from the S&P 500 Top Ten: […]

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

More News and Commentary

Utility officials see path to 80% carbon emissions reduction, worry about last 20%

S&P Global Market Intelligence ($): Thirteen states have set targets for a carbon-free grid by midcentury, if not earlier, to help the world avoid the worst impacts of climate change. But is that possible? With today’s technology, utilities can readily reach 80% reductions in carbon emissions in the next decade, according to an Oct. 14 […]

October 16, 2020 Read More →

New Hampshire utility cancels planned Granite Bridge gas pipeline

NHPR: Liberty Utilities says it will not build the proposed Granite Bridge natural gas pipeline in Southern New Hampshire, after finding a cheaper way to serve new customers by using existing infrastructure. The company told the state of the change in plans in a Public Utilities Commission filing Friday afternoon. The $340-million pipeline plan dated […]

August 3, 2020 Read More →

Cost to complete Canada’s Trans Mountain Pipeline project soars to C$12.6 billion, up 70%

S&P Global Market Intelligence ($): The projected cost of Trans Mountain Corp.’s plan to almost triple the capacity of its aging oil pipeline network has surged to C$12.6 billion from a last estimate of C$7.4 billion because of court-ordered changes and numerous delays. The price tag for the 590,000-barrel-per-day expansion project has not been updated […]

February 10, 2020 Read More →
IEEFA update: Teck Resources, wisely, casts doubt on Frontier Oil Sands mine project
and

IEEFA update: Teck Resources, wisely, casts doubt on Frontier Oil Sands mine project

Proposed mine based financial viability on inflated oil price estimates

Don Lindsay, CEO of Teck Resources, said last week that proceeding with the Frontier Oil Sands project may not happen, even if Canada approves its pending permit. A key reason he cites is the persistently low price of oil. Beyond any environmental considerations that might impact the final decision, the Federal Cabinet, which has until […]

and February 7, 2020 Read More →

U.S. LNG export projects facing uncertain future

S&P Global Market Intelligence ($): After a year of federal approvals for U.S. LNG export projects, the beginning of 2020 holds serious hurdles for the remaining proposals, such as environmental opposition, global LNG oversupply and weak gas prices. Three LNG export projects proposed for the area around Brownsville, Texas, face challenges to their federal authorizations […]

January 6, 2020 Read More →

Opponents push Canadian government to update cost estimates for Trans Mountain pipeline

Vancouver Sun: Opponents of the Trans Mountain oil pipeline expansion projects want the Trudeau government to provide an updated construction-cost estimate. The estimated cost has already risen significantly, to $9.3 billion from $5.4 billion. The latest cost figure is from 2018, contained in documents filed by Houston, Texas-based Kinder Morgan with the U.S. Securities and […]

December 13, 2019 Read More →
IEEFA report: Additional $320 million in subsidies used to finance Trans Mountain Pipeline in first half of 2019
, and

IEEFA report: Additional $320 million in subsidies used to finance Trans Mountain Pipeline in first half of 2019

Economic case for TMX weaker than ever, according to financial analysis

November 19, 2019 (IEEFA North America) – The most recent analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) shows an additional $320 million in new subsidies was given in the first six months of this year to finance the already highly-subsidized multi-billion dollar Trans Mountain Pipeline (TMX), calling into question the economic […]

, and

IEEFA update: ExxonMobil’s slide from the Top Ten of the S&P 500 ‒ historic turning point for the company

Milestone further underscores downward trend in the oil and gas sector

August 30, 2019 (IEEFA U.S.) ‒ ExxonMobil is no longer in the Top Ten of the Standard & Poor’s 500 Index, according to S&P’s monthly standings, as detailed in a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, ExxonMobil’s Fall from the S&P 500 Top Ten: […]

Foreign investors selling their stakes in Canada’s oil industry

Bloomberg: Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years. Pembina Pipeline Corp., based in Calgary, is snapping up Kinder’s Canadian assets and a cross-border pipeline in a […]

August 22, 2019 Read More →
IEEFA update: Commercial need for Trans Mountain Pipeline no longer holds – if it ever did
and

IEEFA update: Commercial need for Trans Mountain Pipeline no longer holds – if it ever did

Canadian oil sands becoming less and less cost competitive

The Government of Canada is expected to rule by June 18 on whether the Trans Mountain Pipeline Expansion should move forward. In addition to possible legal challenges, the business case for the pipeline expansion continues to weaken. An updated financial analysis needs to be conducted before committing Canadian taxpayers to spending billions more on this […]