Indemnifying Kinder Morgan pipeline

Ceria Alfonso
May 18, 2018

Kinder Morgan also stated that they are not in "alignment" with the Liberal government on this announcement and that discussions are ongoing.

USA companies are likely more focused on easing pipeline bottlenecks south of the border and are not interested in taking on the Trans Mountain project, which still faces fierce opposition, the source said.

Shares of Kinder Morgan stock traded down $0.10 on Monday, reaching $16.30. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,122,716 shares of the pipeline company's stock valued at $20,287,000 after buying an additional 21,214 shares in the last quarter.

In April the company announced it was suspending all non-essential activity and spending on the pipeline, in part due to "the continued actions in opposition to the project by the Province of British Columbia".

Wall was recently hired as a special adviser at a Calgary law firm reported to have ties to Kinder Morgan.

"Horgan knows that he's not going to win in court, he knows that he's not going to win the plight of public opinion, he's hoping to scare away the investors", Nenshi said.

"Where was that stance with B.C.?"

"If they think this work is going to go ahead, we are going to have to start that up again", said Mivasair. "The approval process that was undertaken, we don't think that it adequately considered B.C.'s interests".

Separately, the fight between the Alberta and B.C. governments over the Trans Mountain expansion is expected to end up in Alberta's courts.

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Horgan said blaming B.C. for the pipeline impasse is focusing on the wrong target. "The fact is, we've been issuing permits in a fair and timely manner, and have proposed new regulations that are now referred to court to confirm our jurisdiction".

"Albertans, British Columbians, and all Canadians should understand that if the path forward for the pipeline through not settled soon, I am ready to turn off the taps", she said.

Trudeau approved the expansion of the Trans Mountain pipeline but B.C. Premier John Horgan's government says it is concerned about the potential for oil spills on its waterways and coastline.

"If it's an opportunity that has decent returns, then we'll look at it", CPPIB CEO Mark Machin said later to the news agency, adding that the federal government's indemnity pledge against political risk was helpful. Trudeau said only there'd be "alternatives", while Morneau didn't specially respond when asked if he's had talks with rival pipeline companies.

I have heard little support for this private project being publicly subsidized by taxpayers, largely because of continued inaction from the federal government.

Horgan and Wilkinson were together in Chilliwack Wednesday visiting flooded communities.

WINNIPEG, Manitoba (Reuters) - The Canadian government's optimism that outside investors would be interested in taking over a Kinder Morgan Canada oil pipeline project if the company pulls out might be misplaced, said energy industry sources and analysts. Chamberlin is chief of the Kwikwasut'inuxw Haxwa'mis First Nation.

"That's the type of risk that makes it very hard for companies to come in and invest in Canada, when they're looking globally for stability", he said.

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