Kinder Morgan's Trans Mountain pipeline won't get built, Vancouver mayor says
Kinder Morgan Inc.’s proposed expansion of an oil pipeline to Canada’s Pacific Coast will never happen because local opposition to the project that’s dividing the nation is only going to intensify, according to the mayor of Vancouver.
“I don’t think this project will go — I really don’t — based on the resistance on the ground,” Gregor Robertson said in an interview Tuesday at Bloomberg’s headquarters in New York.
Kinder Morgan has threatened to walk away from the $7.4 billion (US$5.7 billion) project, setting a May 31 deadline for the federal government to neutralize opposition from a British Columbia government that’s vowed to use “every tool” to block it. Prime Minister Justin Trudeau, who’s staked his economic and environmental agendas on the pipeline, has pledged to get it completed to ensure landlocked Canadian crude flows to Asian markets.
The Canadian government is “determined that the pipeline will be built,” Natural Resources Minister Jim Carr reiterated to reporters in Ottawa Tuesday.
Legislation to push the project ahead remains an option, he said, without elaborating. The federal government, along with the province of Alberta, are considering financial support for the project, which would almost triple capacity on a line that ends in a terminal near Vancouver.
“I’m confident there will be a solution,” Carr said.
Kinder Morgan’s Trans Mountain pipeline won’t get built, Vancouver mayor says | Financial Post
Kinder Morgan Inc.’s proposed expansion of an oil pipeline to Canada’s Pacific Coast will never happen because local opposition to the project that’s dividing the nation is only going to intensify, according to the mayor of Vancouver.
“I don’t think this project will go — I really don’t — based on the resistance on the ground,” Gregor Robertson said in an interview Tuesday at Bloomberg’s headquarters in New York.
Kinder Morgan has threatened to walk away from the $7.4 billion (US$5.7 billion) project, setting a May 31 deadline for the federal government to neutralize opposition from a British Columbia government that’s vowed to use “every tool” to block it. Prime Minister Justin Trudeau, who’s staked his economic and environmental agendas on the pipeline, has pledged to get it completed to ensure landlocked Canadian crude flows to Asian markets.
The Canadian government is “determined that the pipeline will be built,” Natural Resources Minister Jim Carr reiterated to reporters in Ottawa Tuesday.
Legislation to push the project ahead remains an option, he said, without elaborating. The federal government, along with the province of Alberta, are considering financial support for the project, which would almost triple capacity on a line that ends in a terminal near Vancouver.
“I’m confident there will be a solution,” Carr said.
Kinder Morgan’s Trans Mountain pipeline won’t get built, Vancouver mayor says | Financial Post