Kinder Morgan clarifies comments implying benefits from oil spills

|About: Kinder Morgan, Inc. (KMI)|By:, SA News Editor

Kinder Morgan (KMI, KMP) is faced with a public relations problem thanks to a portion of its proposal to expand its Trans Mountain pipeline where it said an oil spill can have positive economic effects such as business and employment opportunities for spill response and clean-up.

The company says it is required to analyze both positive and negative effects of a spill in its project application, but Kinder Morgan Canada president Ian Anderson says "no spill is acceptable to me anywhere, any time, for any reason... Spills are not part of our economic benefits analysis, nor do we in any way say that money spent on spill response would be justification for our project."

A spokesman for Enbridge (ENB), a supporter of the pipeline to B.C., says he does not believe Canadian government guidelines require such an analysis.

Rachel Maddow was among the outraged critics.