Canada Considers Investing in Trans Mountain Expansion
OTTAWA, Ontario (AP) — Canada's natural resources minister says the federal government is considering investing in Kinder Morgan's controversial Trans Mountain pipeline expansion project in an effort to get the project completed.
The pipeline is in doubt after opposition from British Columbia spooked Trans Mountain investors enough that Kinder Morgan called a halt Sunday to all nonessential spending on the project.
Natural Resource Minister Jim Carr says government investment is an option. Alberta's premier says her government is also prepared to invest.
Kinder Morgan CEO Steve Kean said Monday the company would be open to government investment if it brought certainty.
The expansion would nearly triple the flow of oil from Canada's oil sands to the Pacific Coast and dramatically increase the number of oil tankers traveling the waters between Canada and Washington state.
Related News
Related News

- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Ukraine to Jointly Buy Gas with European Union Countries
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
- YPF CEO: Green Light for Argentina's Gas Project with Petronas to Come in 2024
Comments