Skip to Content

Kinder Morgan Final Investment

/ 97.3 The Eagle
             Despite the unfavourable political climate in B-C, Kinder Morgan will be going ahead with the 7.4-billion dollar Trans Mountain pipeline expansion. The Texas-based company announced yesterday its final investment decision on the proposed pipeline running from Alberta to Burnaby, but it’s conditional on the successful completion of the initial public offering. The company has offered 102.9 million shares at a price of 17-dollar per share in an effort to raise 1.75 billion dollars, and the public offering is set to close May 31. B-C Green Party Leader Andrew Weaver — who holds the balance of power following the election of a minority government — has been outspoken in his opposition of the project, but a Kinder Morgan spokesman says the company has the federal approval it needs to move forward.

Comments are closed.