Canadian Government Purchases Trans Mountain Pipeline

Continual controversy and delays over the Trans Mountain Pipeline pushed the Canadian Government to purchase the pipeline to allow the project to proceed.

Following a contentious few months, the Canadian Federal Government bought out Kinder Morgan’s interest in the Trans Mountain Pipeline expansion stretching from Edmonton, Alberta to the Pacific Coast north of Vancouver. For a price of $4.5B, the pipeline switches from private to public control, with all that entails.

It does not necessarily mean that the pipeline even gets built, however, as British Columbia continues to raise environmental objections that caused the delay in the first place and resulted in Kinder Morgan’s bailing out of the project.

Bucking continued Court victories by Kinder Morgan, threats from the Province of Alberta and the wishes of both the Canadian Federal Government and a majority of Canadians polled, British Columbia still refuses to relent. Had the pipeline asset sale not been completed, Alberta Premier Rachel Notley was prepared to enforce Alberta Provincial Bill 12 which would have seen one Canadian Province embargo oil and gas shipments to another.

Read more:

http://naturalgasnow.org/canadian-government-purchases-trans-mountain-pipeline/

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