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Trans Mountain gets another push

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World Pipelines,

Kinder Morgan has given its final arguments for the proposed Trans Mountain pipeline expansion but awaits a verdict from the new Canadian government.

Ian Anderson, President of Kinder Morgan Canada, said in a conference call yesterday that he appreciates that federal ministers have given reassurance that projects won't go back to square one in the National Energy Board review, but he is still waiting to hear details of any potential changes to the process.

"They've said there will be a transition period and all projects will be reviewed and considered for some transition treatment. We don't know what that means yet. We don't know what that will do to our process," said Anderson.

Prime Minister Justin Trudeau has spoken about the need to regain public trust in pipeline projects.

Speaking on Thursday, he said "The one thing that we made very, very clear was there needs to be social licence, there needs to be public trust before projects like these can go ahead.”

In presenting its final oral arguments to the National Energy Board on Thursday, the company outlined a project that it says will provide an additional CAN$73.5 billion in revenues to petroleum producers and will yield CAN$28.2 billion in additional tax revenues and royalties to Canadians.

Edited from various sources by Elizabeth Corner

Sources: CTV NewsAlbany Business News

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