Feds have options to cut risk for Trans Mountain pipeline investors, says Carr
OTTAWA — Canada is considering several ways to reduce the financial risk for Kinder Morgan investors spooked by the uncertainty plaguing the planned Trans Mountain pipeline expansion, Natural Resources Minister Jim Carr said Friday as a high-level, make-or-break meeting loomed on the horizon.
The government is still examining its options, Carr said, but won’t commit to a course of action before Sunday, when Prime Minister Justin Trudeau jets home from Peru for a hastily organized meeting in Ottawa with British Columbia Premier John Horgan and Alberta Premier Rachel Notley.
“What we’re now faced with is to find ways to make sure there is more certainty than there is now,” Carr said in an interview with The Canadian Press.
“One of the ways to make sure there is more certainty is to look at possible financial arrangements that would help de-risk the project.”