The federal government's plan to financially backstop the TransMountain pipeline project may be the last, best option to salvage the proposal, says a former Alberta pipeline executive. The offer may be the only solution that can save the beleaguered project, said Dennis McConaghy, former executive vice-president of corporate development at TransCanada Corporation. Kinder Morgan and Ottawa are likely already "haggling" and need to strike a deal within the next two weeks, he said. It's unclear if any companies are keen to take on the pipeline, but McConaghy said it would be a messy process. "It's going to be very protracted to find a way of having a third party buy the TransMountain pipeline," McConaghy cautioned.

Source: CBC News May 17, 2018 18:22 UTC