- With yesterday's announcement of a $1.5B marine protection plan, Canadian Prime Minister Trudeau created the conditions to approve Kinder Morgan’s (NYSE:KMI) Trans Mountain pipeline expansion, Financial Post's Claudia Cattaneo writes.
- Although Trudeau did not tip his hand about his plans for the pipeline, Cattaneo notes that he said the oceans’ protection plan meets the highest global marine safety standards, giving him cover in aiming to satisfy the British Columbia government’s conditions for its support of the $6.8B project.
- The consolation prize to the anti-pipeline lobby could be the permanent spiking of Enbridge's (NYSE:ENB) rival Northern Gateway pipeline, Cattaneo also surmises.