Tag: Trans Mountain
Kinder Morgan shares drop as investors fret about permit delays for Trans Mountain Expansion
Kinder Morgan loses $75 million revenue for every month delay to Trans Mountain Expansion project Kinder Morgan Canada shares fell on Tuesday after the company reported its $7.4 billion Trans Mountain Expansion project could miss its expected September 2019 start date. Kinder Morgan released its Financial Expectations for 2018, which pushes back start of construction […]
ING bank will not finance Canadian pipeline projects
ING Bank pressured by activists Under pressure from activists, Dutch lender ING Groep NV says it will not finance any major Canadian pipeline projects, including Keystone XL, Energy East and Enbridge’s Line 3. Earlier this month, ING publicly disavowed Kinder Morgan Canada Ltd’s Trans Mountain Pipeline expansion project, but did not name any other pending […]
Kinder Morgan Canada IPO shares drop on prospect of BC NDP govt
Closing of offering removes final condition for investment approval of Trans Mountain Expansion Project Despite speculation by pipeline opponents that Kinder Morgan Canada’s initial public offering to fund the Trans Mountain Expansion pipeline construction might fail, the IPO is fully subscribed and the company is trading on the TSX as of Tuesday. The project’s political opposition does […]
Alberta granted intervener status on Trans Mountain Expansion pipeline
Need for clear, consistent and predictable rules and processes on interprovincial projects like Trans Mountain Alberta has been granted leave to intervene on the Kinder Morgan Trans Mountain Pipeline expansion project judicial review by the Federal Court of Appeal, according to a government press release. As an intevener, Alberta will be allowed to make both written […]
Trans Mountain Expansion route will impact some BC, Alberta landowners
NEB will consider whether proposed detailed route is best possible The proposed route for the Trans Mountain Expansion pipeline from Alberta to Burnaby, BC will mostly follow the right of way of the existing Kinder Morgan line, but still must be assessed by the National Energy Board, which is encouraging land owners who think their […]
Enbridge CEO says Canada only needs two more export pipelines
Enbridge CEO says Line 3 should be one of the two pipelines By Nia Williams CALGARY, Alberta, Feb 17 (Reuters) – Two new crude oil export pipelines will provide enough capacity to ship Canadian production to market until at least the mid 2020s, Enbridge Inc Chief Executive Al Monaco said on Friday, making clear his company’s […]
Thousands protest Canadian pipeline expansion
Government has until Dec. 19 to decide on Canadian pipeline expansion Thousands of protesters march through Vancouver, Canada on November 19, 2016 to fight against a proposed C$6.8 billion ($5 billion USD) expansion of Kinder Morgan’s Trans Mountain pipeline. The project, fiercely opposed by many environmentalists and aboriginal groups, calls for the construction of a […]
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