trans mountain pipeline

10:59AM
Printer-friendly version

For much of the summer, the federal government will backstop construction costs by Kinder Morgan, a private firm.


10:07AM
Printer-friendly version
Trudeau government nationalizes Trans Mountain pipeline project—further proof that Canada is closed for business

In a stunning turn in an already unprecedented saga, Finance Minister Bill Morneau announced this morning that the federal government will buy the Trans Mountain pipeline project from Kinder Morgan for $4.5-billion, essentially nationalizing the project.


2:59PM
Printer-friendly version

Pipeline expansion project may generate $50 billion in government revenue over 20 years.


2:20PM
Printer-friendly version

Kinder Morgan stopped all “non-essential spending” on the $7.4 billion project due to regulatory, legal and political barriers.


4:05PM
Printer-friendly version

Cenovus recently announced it will cut production from some of its oilsand projects.


3:28PM
Printer-friendly version

The recent move by Kinder Morgan on the Trans Mountain pipeline was a massive blow to Canada’s investment attractiveness.


1:53PM
Printer-friendly version

Business investment (excluding residential structures) is down nearly 20 per cent since the third quarter of 2014.