UPDATE 1-Canada says it supports Kinder Morgan's Trans Mountain pipeline appeal

Published 2017-11-29, 02:00 p/m
© Reuters.  UPDATE 1-Canada says it supports Kinder Morgan's Trans Mountain pipeline appeal
KMI
-
KML
-

CALGARY, Alberta, Nov 29 (Reuters) - Canada's federal government said on Wednesday it supports Kinder Morgan Canada Ltd 's KML.TO second appeal to the country's energy regulator over local permits for its planned Trans Mountain oil pipeline expansion project.

Kinder Morgan has been pushing its C$7.4 billion ($5.9 billion) federally approved pipeline in an increasingly public way, repeatedly seeking regulatory intervention amid increased roadblocks with lower governments and environmentalist and aboriginal opposition. minister of natural resources, Jim Carr, said in a statement that his government has told the National Energy Board (NEB) it supports the company's request to set up a process to resolve potential disagreements with provinces or municipalities over the federally approved project.

Kinder Morgan and the NEB did not immediately respond to requests for comment.

The company, a unit of Houston-based Kinder Morgan Inc (NYSE:KMI) KMI.N , made its regulatory appeal this month, following a similar one last month after the company failed to obtain local permits from the city of Burnaby, British Columbia.

Kinder Morgan last month also asked the regulator to allow it to bypass Burnaby, a request for which the NEB has scheduled oral hearings on Wednesday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.