Kinder Morgan issues ultimatum, suspends ‘non-essential’ spending on Trans Mountain pipeline, Globe and Mail ($)

KELLY CRYDERMAN AND IAN BAILEY | CALGARY | PUBLISHED APRIL 8, 2018

Protesters opposed to the Kinder Morgan Trans Mountain pipeline extension defy a court order and block an entrance to the company’s property, in Burnaby, B.C., on Saturday.(Credit: Darryl Dyck/The Canadian Press)

Kinder Morgan has suspended all “non-essential” spending on its Trans Mountain pipeline expansion due to opposition from the British Columbia government, issuing an ultimatum that it won’t commit any more dollars to the $7.4-billion project unless it can get agreement from the province to stand aside by the end of May.

The fate of the project — which has become the focal point of a larger Canadian debate over environment protection versus energy development, and federal authority versus local interests — could be decided in the weeks ahead. The pipeline company said in a news release Sunday it will consult with stakeholders in an effort to reach agreements by May 31 that could allow the project to still go ahead. MORE>>

𝐒𝐎𝐔𝐑𝐂𝐄 𝐀𝐑𝐓𝐈𝐂𝐋𝐄: https://www.theglobeandmail.com/canada/alberta/article-kinder-morgan-cites-bc-opposition-as-it-suspends-non-essential/

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