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Kinder Morgan has announced they will stop “non-essential activities and related spending” on the Trans Mountain pipeline project due to B.C. opposition.
Radical protesters and the B.C. government have won the fight against Kinder Morgan and thousands of jobs, the Trudeau government has done nothing to give the line more support to put shovels in the ground.
Via Vancouver Sun:
Kinder Morgan is halting all “non-essential activities and related spending” on the Trans Mountain pipeline project due to B.C. opposition, it was announced Sunday.
“As KML has repeatedly stated, we will be judicious in our use of shareholder funds,” said Kinder Morgan chairman and CEO Steve Kean.
“In keeping with that commitment, we have determined that in the current environment, we will not put KML shareholders at risk on the remaining project spend.”
Kean’s statement goes on to note that while the project has support from the federal government and the provinces of Alberta and Saskatchewan, the province of British Columbia and its government has continued to be a barrier to the project’s progress.
“The fact remains that a substantial portion of the project must be constructed through British Columbia, and since the change in government in June 2017, that government has been clear and public in its intention to use ‘every tool in the toolbox’ to stop the project,” said Kean in his statement.