Canada says it will cover losses in bid to get pipeline done
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May 17, 2018
TORONTO (AP) — Canada's federal government will cover financial losses a pipeline builder might suffer if British Colombia's provincial government continues to obstruct the Trans Mountain pipeline expansion, the country's finance minister said Wednesday.
Finance Minister Bill Morneau also said that other investors would step in if Houston-based Kinder Morgan backs out of the expansion, which would triple the capacity of a line carrying oil from Alberta to a Pacific port.
Kinder Morgan has halted essential spending on the project and says it will cancel it altogether if the national and provinc...
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