- Canadian Prime Minister Trudeau plans to approve at least one new oil pipeline project in his first term, with Kinder Morgan’s (KMI -1.9%) Trans Mountain expansion the most likely candidate, Bloomberg reports.
- Trudeau wants to strengthen environmental standards and build confidence in new regulatory rules while also assisting Canada's sluggish economy, so he plans to neither approve all the projects under consideration nor reject them all, according to the report.
- The prime minister also must decide on the Petronas Pacific NorthWest natural gas project, while TransCanada’s (TRP -1.9%) Energy East pipeline is due for a decision in about two years.