- Kinder Morgan (KMI, KMP) says it will resume preliminary work on its Trans Mountain pipeline after a British Columbia court granted an injunction against protesters blocking work crews at the Burnaby Mountain conservation area.
- The injunction is Kinder’s latest win against the project’s opponents; the city of Burnaby sought to block work on the site after crews cut down trees, but lost before both a court and the national energy regulator.
- Kinder Morgan hopes to triple the size of its 300K bbl/day Trans Mountain pipeline in a C$5.4B expansion that would carry more crude from Alberta to the port of Vancouver and on to Asian markets.