Canada delays decision on Trans Mountain expansion


Canada's National Energy Board says it is delaying a decision on Kinder Morgan Partners' (KMP, KMI) Trans Mountain pipeline expansion project by nearly seven months to Jan. 2016, after requesting additional information on changes to a small portion of the route.

The regulator says KMP now prefers a new route through Burnaby Mountain in metro Vancouver, requiring further feasibility studies; the town is officially opposed to the project that would nearly triple the capacity of the existing Trans Mountain pipeline linking the Alberta oil sands to the Pacific coast.

KMP will have until Dec. 1 to complete the required studies and submit them to the NEB for review.

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Comments (19)
  • Plaintalk
    , contributor
    Comments (123) | Send Message
     
    Could be a little trouble. Up there they are called First Nations and really should be called Last Nations. They fight anything progressive because the bones of their ancestors will be found exactly where the pipeline should run and their spirits will be washed with oil or gas in the event of a spill. Not only that but all the fish in Canada will be affected by a spill and a clean up and the spirits of their ancestors are represented by the fish.
    15 Jul 2014, 06:44 PM Reply Like
  • ephud
    , contributor
    Comments (4213) | Send Message
     
    In other words, the First Nations want more money.
    15 Jul 2014, 09:34 PM Reply Like
  • Marek
    , contributor
    Comments (1516) | Send Message
     
    BINGO
    15 Jul 2014, 10:59 PM Reply Like
  • smurf
    , contributor
    Comments (6041) | Send Message
     
    Bingo? How about slots and gaming tables like our tribes here? LOL.
    16 Jul 2014, 12:40 AM Reply Like
  • kontum
    , contributor
    Comments (56) | Send Message
     
    Give them more, whatever. In the long run it'll be more cost effective.
    16 Jul 2014, 03:14 PM Reply Like
  • ephud
    , contributor
    Comments (4213) | Send Message
     
    kontum

     

    I agree. That's what's going to end up happening anyway.

     

    Meanwhile, down here in Arizona, they're finishing up a new pipeline to export more NG to Mexico. It doesn't cross any Indian land here that I know of and I've never heard any squawk about it.
    16 Jul 2014, 07:47 PM Reply Like
  • ckarabin
    , contributor
    Comments (1744) | Send Message
     
    It's interesting that the government of Canada would allow their prime export to be restricted. It's strangling their country's economy
    15 Jul 2014, 07:04 PM Reply Like
  • smurf
    , contributor
    Comments (6041) | Send Message
     
    Hmmm. More study. Just like here. Study it to death and then never make a decision.
    16 Jul 2014, 12:41 AM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4574) | Send Message
     
    This is one of so many Kinder Projects. Politics will cost the politicians when it comes to resisting business acumen. Another example of political pressure exhibiting extreme ignorance allows voting to ban Frac Stimulation. Kinder's backlog of build outs and joint ventures has years of opportunities. The Marcellus Shale Play is the highest ranked area due to so many wells waiting on Fee Based Takeaway "Pipelines"!

     

    I am rolling out of Muni CEFs and buying more Kinder. Yellen hit the wall; I saw it in her face today.
    15 Jul 2014, 10:24 PM Reply Like
  • Marek
    , contributor
    Comments (1516) | Send Message
     
    "Yellen hit the wall"? Explain. Looked like she can't afford to raise rates at all, that's how most companies are plumping up their numbers...low rates, borrow at low rates, use the borrowings to buy back shares...and if rates go up, federal debt skyrockets. She definitely knows no one is working, the only ones who are buying houses are the money launderers from abroad...Europe is so tanked that they are coming over here for our bonds. She doesn't want this market to go down, just flatten out...oil has to re-set in the high 90s because high gas has just choked off whatever growth there was. Mortgage originations is about at a 30 year low...So I don't get you.
    15 Jul 2014, 11:00 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4574) | Send Message
     
    Marek,
    She used the term Irrational regarding Tech Investing. My basis is knowing it takes one to know one as it relates to Irrational. Yellen was yell'in today, my read on the body language. Ice is getting thin comparing our 10yr to the pigs 10yr. How many trillion in Treasuries now? The Big Gun is out of bullets!
    15 Jul 2014, 11:16 PM Reply Like
  • Curtlevy
    , contributor
    Comments (46) | Send Message
     
    Look to Japan for clues. We won't be raising rates much till the debt comes down. If the U S had to pay 3% interest on the debt, they would have nothing left to squander without huge tax raises. Interest payments would take a huge amount and put the brakes on the economy. We are
    doing the same things as Japan and they have had cheap rates for decades.
    16 Jul 2014, 01:01 AM Reply Like
  • surfgeezer
    , contributor
    Comments (9904) | Send Message
     
    To bad Kinder made a change to the route and gave them a new fight. Jeez, hope it was worth it but frankly not sure. NIMBY's are everywhere it seems, just human I guess, but sad.

     

    She looked very much in control and again was very plain. Changed my views on the future not one bit. Data driven and they will keep the low rates until significant inflation forces their hand. See no reason for inflation to get bad, we have significant overcapacity and unemployment. Save the personal comments on what they measure for inflation. Does not matter what yours was, the things they measure have not changed much in years.

     

    Maerk-"use the borrowings to buy back shares" maybe on some companies but my companies. like Kinder, are building and growing bottom lines. That is why their mandate of employment is working, no where near their target of 5.1% and participation rate way low.

     

    They do not care about the debt, that is the politicians job, not theirs.
    They have plenty of bullets and she talked about the yield spread on the overnight funds.
    I am staying in my Muni's with DRIP on, but adding in others like MLP's, BDC's, REIT's in my normal yield targeted way.
    The QE is going down quick, all is good IMO. Best chance we have of getting yields back up is some silly political crap. Road show already cranking up.
    16 Jul 2014, 01:29 AM Reply Like
  • mikem0309
    , contributor
    Comments (90) | Send Message
     
    the new gun should be to raise the minimum wage to$10.77/hour and stop buying our treasuries. this gets the 2-3% inflation rate the feds wants and gets more money to the low wage earners who will spend it all in our businesses. also it would get about 20 million of them off welfare and the taxpayers. in florida, wal-mart has more employees on than any other company. this is corporate welfare. why should taxpayers support the employees of one of the richest countries in the world? (not picking on wal-mart. the other service industries in food and retail need to get off the dole too).
    16 Jul 2014, 09:29 AM Reply Like
  • Curtlevy
    , contributor
    Comments (46) | Send Message
     
    The average hourly worker at Walmart makes $12.87 an hour. Your Walmart argument is stupid.
    16 Jul 2014, 10:57 AM Reply Like
  • WestEndDividend
    , contributor
    Comments (207) | Send Message
     
    Curtlevy,
    Is it so stupid?

     

    You do understand that up to half of the average is... below average ... do you not? So in your example, perhaps many people are still low enough to be on government support, which appears to be true.

     

    I assume you don't want anyone to think about all the suppliers and outsourced WalMart warehouses that pay the minimum wage, either.

     

    Always there is somebody willing to defend everything WalMart does, whether it makes sense or not.

     

    Count me in for ending such corporate welfare, I am a real conservative that thinks people ought to entirely pay for their own employees, rather than swindle the taxpayer.
    16 Jul 2014, 02:04 PM Reply Like
  • ephud
    , contributor
    Comments (4213) | Send Message
     
    WestEndDividend

     

    "You do understand that up to half of the average is... below average ..."

     

    No, half is below the median.
    16 Jul 2014, 02:17 PM Reply Like
  • WestEndDividend
    , contributor
    Comments (207) | Send Message
     
    right, so then perhaps even more than half is below the average.
    I did hedge my statement with "...up to..."
    :D
    16 Jul 2014, 02:57 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4574) | Send Message
     
    Listening to Stan Druckenmiller just now on CNBC Delivering Alpha. Glad I own a company like Kinder who controls such a vast array of Hard Domestic Assets in a business with Years of Earning Life going forward.

     

    Who will Kinder Acquire next?
    16 Jul 2014, 12:04 PM Reply Like
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