Alberta offers financial support for Trans Mountain pipeline

Estimating that billions of dollars may be at risk for the economy, Alberta’s premier offered a financial life line for the Trans Mountain oil pipeline.

After spending more than $850 million since it petitioned federal regulators for the project, pipeline company Kinder Morgan last week said that opposition to its plans to triple the design capacity for its Trans Mountain network to the western coast of Canada exposed its shareholders to undue risk.

Speaking during the weekend, Alberta Premier Rachel Notely said not moving ahead with the project was costing the Canadian economy around $30 million (USD) every day…


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