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Canada pledges 'necessary action' to ensure Trans Mountain pipeline

Feb. 13, 2018 3:20 PM ETKinder Morgan, Inc. (KMI) StockKMIBy: Carl Surran, SA News Editor20 Comments
  • Canada's Natural Resources Minister Carr says the government will not tolerate attempts by British Columbia to stop the expansion of Kinder Morgan's (KMI +0.5%) Trans Mountain pipeline, and that the federal government has “all kinds of options” to exert its constitutional authority over interprovincial pipelines.
  • But B.C. has not enacted an actual ban, which limits the federal government's legal options for fighting back; even Carr says “all British Columbia has tangibly done at this point is signal its intention to consult with the people of its province."
  • "We appreciate that the federal government gets the ridiculousness of [B.C.'s position] as much as we do," says Alberta Premier Notley while trying to nudge Ottawa into backing up its rhetoric with actions.
  • KMI recently said it expects the operational date for the pipeline is now a year later than expected, to December 2020, but that it remains committed to the $7.4B project despite the latest hurdles.

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