Political war of words heats up after Morneau offers financial backstop for Kinder Morgan - News Summed Up

Political war of words heats up after Morneau offers financial backstop for Kinder Morgan


Within hours of Finance Minister Bill Morneau’s announcement Wednesday morning, the war of words between Ottawa, British Columbia and Alberta only escalated. And Notley criticized the federal leader of her own party for taking Horgan’s side in the standoff. On Wednesday, Morneau said the federal government is prepared to reimburse Kinder Morgan for any financial loss resulting from Horgan’s “attempts to delay or obstruct the project.” The indemnification would extend to any other party that might take over the project if Kinder Morgan decides to walk away. “Albertans, British Columbians and all Canadians should understand that if the path forward for the pipeline through B.C. “We appreciate (Morneau’s) recognition that a private company ‘cannot resolve differences between governments,’” Kinder Morgan CEO Steve Kean said in a statement quoting Morneau.


Source: National Post May 16, 2018 23:37 UTC



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