Trudeau’s Pipeline Takeover Is a Bittersweet Win for Oil Sands
- Government purchase keeps alive controversial Trans Mountain
- Federal move exposes ‘fundamental flaw’ in regulatory process
Trans Mountain Pipeline Expansion in National Interest, Trudeau Says
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Canada’s purchase of Kinder Morgan Inc.’s embattled pipeline is good news for the oil patch, so long as it doesn’t become the norm.
While the $3.5 billion Trans Mountain takeover keeps alive a project seen as critical to expanding markets for Canada’s crude and improving the price oil-sands producers get paid, it also reveals how key infrastructure projects can be stymied by local opposition and regulatory hurdles.