US-Canada trade tensions could scuttle transnational pipeline deal

The fate of the unfinished Trans Mountain Pipeline in western Canada may be determined 3,000 miles away — in Washington.

The stalled project, designed to link oil-sands fields in Alberta with West Coast ports, would become nationalized under the terms of a deal announced in June that would have the Canadian government buy the pipeline and related assets for $3.5 billion (C$4.5 billion) from Houston-based Kinder Morgan. The sale would net a $3 billion (C$3.9 billion) profit for the company and its Canadian subsidiary.

The hitch: The U.S. government must approve the acquisition, and it might not do soif festering trade tensions between the Trump and Trudeau administrations prevail…

 

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