Kinder Morgan CEO says recent events confirm Trans Mountain may be ‘untenable’
CALGARY — The CEO of Kinder Morgan says events in recent days have reinforced his concerns about the viability of the Trans Mountain oil pipeline expansion project.
“It’s become clear this particular investment may be untenable for a private party to undertake. The events of the last 10 days have confirmed those views,” Steve Kean said on a conference call Wednesday.
“We’ve pointed out there are significant differences between governments, and those differences are outside of our ability to resolve.”
Earlier Wednesday, B.C. Premier John Horgan’s government announced it will file by the end of April a long-promised court reference to clarify questions around provincial authority over such inter-jurisdictional megaprojects.