QuickQuotes on Kinder Morgan suspending Trans Mountain spending
Kinder Morgan says it is suspending all non-essential activities and related spending on the Trans Mountain pipeline expansion project. Some quotes:
“As KML has repeatedly stated, we will be judicious in our use of shareholder funds. In keeping with that commitment, we have determined that in the current environment, we will not put KML shareholders at risk on the remaining project spend.” — Steve Kean, chairman and CEO of Kinder Morgan Canada
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“The government of Canada believes that the Trans Mountain Expansion pipeline is in our national interest, which is why we approved the project and why we continue to stand by our decision. This crucial resource project will expand export markets for Canadian resources and create thousands of good, middle-class jobs and no one should be standing in the way of those jobs and the families that stand to benefit. The government of Canada calls on premier Horgan and the B.C. government to end all threats of delay to the Trans Mountain expansion. His government’s actions stand to harm the entire Canadian economy.” — Jim Carr, federal minister of natural resources