Trudeau Approves Kinder Morgan’s Trans Mountain Pipeline
- Trans Mountain, Line 3 project cleared; Gateway rejected
- Local opposition set to continue against approved projects
Rubin: Pipeline Economics Don't Make Sense
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Kinder Morgan Inc. and Enbridge Inc. won Canadian government approval for two pipeline projects -- a long-awaited boost for the oil industry that could potentially expand exports, open new Asian markets and lift prices for locally produced barrels of crude.
Prime Minister Justin Trudeau approved with conditions Kinder Morgan’s Trans Mountain expansion and Enbridge’s Line 3 proposal as he sought to balance environmental protection with the need to expand markets for the nation’s resources. Citing excessive risks, he rejected Enbridge’s Northern Gateway proposal and pledged to enact an oil tanker ban next year on the northwest Pacific coast.