Morneau Signals Canada Open to Buying Trans Mountain Stake
A ship receives its load of oil from the Kinder Morgan Trans Mountain loading dock in Burnaby, British Columbia.
Photographer: JONATHAN HAYWARD/CPCanada will consider using all of its tools for seeing the Trans Mountain pipeline expansion through to completion, Finance Minister Bill Morneau said, indicating the federal government wouldn’t rule out taking a stake in the project.
The government has spoken with Kinder Morgan Inc. since it said on Sunday that it’s halting most work on the pipeline amid opposition from British Columbia, Morneau said. The government isn’t ruling out any option -- legal, regulatory or financial -- because the project is vital to attracting investment to Canada, he told reporters in Toronto in a response to questions about a potential stake purchase.