Ottawa Has 50 Days to Convince Kinder Morgan to Stay

An emergency meeting on Parliament Hill Tuesday among cabinet ministers hopes to find a way to convince Kinder Morgan Inc. to continue with its pipeline expansion.

The oil company announced Sunday that it was pushing pause on all non-essential spending and activities on its $7.4-billion Trans Mountain pipeline project. Ottawa has until a May 31st deadline to convince the Kinder Morgan and investors that it can overcome the opposition against the pipeline.

British Columbians expect us to stand up for their interests and our coast, and to do everything we can to defend our land and waters, our coastal communities and our local economies.

Link to my full statement: https://t.co/iqn1VVeoNB#bcpoli

— John Horgan (@jjhorgan) April 9, 2018

Protests have blocked the project in British Columbia, the pipeline’s terminus port and the provincial government has been feuding with Alberta’s government, whose Premier, Rachel Notley has threatened to introduce legislation to reduce B.C.’s oil supply.

Notley wants the federal government to use economic sanctions against B.C.

Kinder Morgan's stock traded lower Monday but was in positive territory by Tuesday's market open.