B.C. Approves Kinder Morgan Pipeline Expansion

Date:

B.C. Premier Christy Clark says her government has reached a financial deal with Kinder Morgan worth as much as $1-billion over the next two decades, satisfying her demands that British Columbia get a fair share of the economic benefits from the expansion of the Trans Mountain pipeline.

It has been almost five years since Ms. Clark announced that any heavy oil project in British Columbia would have to meet five conditions to win her approval. With what she described as an “unprecedented” revenue-sharing agreement, the province on Wednesday formally gave its blessing to the $6.8-billion project that will triple the capacity of Kinder Morgan’s existing pipeline, which spans 1,150-kilometres from Edmonton to the marine terminal in Burnaby, B.C.

“The project has met the five conditions,” the Premier told reporters after releasing details of the deal with Kinder Morgan, which she said took more than four years to negotiate.

Read full article here.

JustineHunter – Globe and Mail – January 12, 2017.

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