Backing Trans Mountain pipeline will send message to investors, finance minister says - News Summed Up

Backing Trans Mountain pipeline will send message to investors, finance minister says


The government's move to push through the Trans Mountain pipeline expansion will send a message that Canada is a viable place to invest, the finance minister said. Kinder Morgan, the company that owns the pipeline, threatened to abandon the project if clarity on the path forward isn't reached by May 31. However, both Kinder Morgan and government officials have been tight-lipped about what that conclusion might look like. The CEO of Kinder Morgan Canada says internal Canadian political squabbles over the future of the Trans Mountain pipeline are signalling that the project may be "untenable." Premier John Horgan announced the province would file a legal challenge in the provincial Court of Appeal in the next few weeks to determine if it has jurisdiction over the Trans Mountain pipeline expansion project.


Source: CBC News April 22, 2018 16:56 UTC



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