Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Kinder Morgan files final argument for Canadian pipeline expansion

Published 2015-12-15, 03:11 p/m
© Reuters.  Kinder Morgan files final argument for Canadian pipeline expansion
CL
-
TRP
-
KMI
-

CALGARY, Alberta, Dec 15 (Reuters) - Kinder Morgan Inc (N:KMI)
KMI.N filed its final written argument for the Trans Mountain
crude oil pipeline expansion project with Canadian regulators on
Tuesday, in a bid to gain approval for shipping more oil sands
crude to the Pacific Coast.
The pipeline currently ships 300,000 barrels per day (bpd)
of crude from Edmonton, Alberta, to Burnaby, British Columbia.
The proposed expansion will nearly treble capacity to 890,000
bpd, providing more access to Asian markets.
Environmental groups, aboriginal groups and local landowners
in British Columbia have mounted fierce opposition to the
project, and are fighting to block the expansion.
Many pipeline opposition groups have been emboldened by U.S.
President Barack Obama's rejection earlier this year of
TransCanada Corp 's TRP.TO cross-border Keystone XL pipeline,
and are seeking to stall other proposed export
routes.
Kinder Morgan first filed its facilities application with
Canada's National Energy Board in December 2013, but was
required to file replacement evidence for a 64-page report
prepared by a consultant who was later appointed to the NEB.

Lawyers for the pipeline will deliver their oral summary of
the final argument to the National Energy Board in Calgary on
Thursday.

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.