Morneau says government willing to compensate Kinder Morgan against political delays

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Canada is willing to write Kinder Morgan — or whoever else steps up to the plate — a cheque to ensure the Trans Mountain pipeline expansion gets built, Finance Minister Bill Morneau says.

Morneau said Wednesday his government is willing to compensate the pipeline’s backers against any financial loss due to British Columbia’s attempts to obstruct the Trans Mountain pipeline expansion.

“The indemnification would allow Kinder Morgan to finish what they started, what they received federal and B.C. approval to do,” he said Wednesday morning, during a news conference that laid out the broad strokes about what his government is willing to do to help the project go ahead.

Morneau’s comments come just hours before Kinder Morgan Canada’s stakeholder plan to meet in Calgary, and offers an incentive just weeks before the company’s potential drop-dead date. Kinder Morgan has threatened to abandon the project if a clear path forward isn’t reached by May 31.

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Catharine Tunney – CBC News – May 16, 2018

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