Alberta Should Let Feds Lead On TMX Ultimatum

JWN Energy Group’s Daily Oil Bulletin
20 April 2018

The CEO of Kinder Morgan Steve Kean said investment in the Trans Mountain oil pipeline expansion project (TMX) “may be untenable for a private party to undertake” during his company’s first quarter earnings call on April 18. This is despite significant efforts by the Canadian, Alberta and less so Saskatchewan governments to get the project back on track since Kinder Morgan Canada announced on April 8 that it is suspending all non-essential activities and spending related to TMX, and its parent company indicated the next day that it would drop the project outright unless two “principles” (read: conditions) are met by May 31: clarity that the pipeline expansion can be successfully completed in British Columbia; and protection of Kinder Morgan’s shareholders.

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