Canadian government bails out a stranded Kinder Morgan oil pipeline system for $4.5 bn

They hope to sell the Trans Mountain pipeline later. Analysts doubt they can. Protestors label PM Trudeau a climate criminal.

The pipeline, from Alberta to British Columbia, faces stiff resistance in the latter, and this is expressed in high regulatory hurdles. As The Energy Mix puts it: “The B.C. government issued an update on the pipeline approval process, showing that Kinder Morgan has only submitted requests for 748 of the 1,186 permits it needs to complete the project. Of those, only 212 have been issued, while another 536 are still under review.”

Image: Sierra Club

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