Opposition criticizes $1.5-million retention bonuses for Kinder Morgan execs
CALGARY — Opposition politicians hit the Liberal government with pointed questions Monday over news that two Kinder Morgan Canada executives will each be given $1.5-million bonuses to ensure they stay on as its Trans Mountain pipeline system is sold to the federal government.
The retention bonuses for president Ian Anderson and David Safari, the vice-president overseeing the Trans Mountain pipeline expansion, are detailed in a company regulatory filing dated Tuesday, May 29, the day the government announced its deal to buy the pipeline assets for $4.5 billion.
The government should immediately table details of the “Kinder Morgan bailout,” B.C. New Democrat MP Nathan Cullen said in the House of Commons, complaining it is paying too much.
“Adding insult to injury to this public bailout, it includes a $3-million bonus to Kinder Morgan executives,” he charged.