Trans Mountain Pipeline Was Too Risky for Kinder, Trudeau Says
- Canada government will build pipeline and find buyer, PM says
- Trudeau speaks in Bloomberg interview in Toronto on Tuesday
This article is for subscribers only.
Uncertainty around the Trans Mountain pipeline expansion made it “too risky” for Kinder Morgan Canada Ltd., but the federal government will get it built and find a buyer, Canadian Prime Minister Justin Trudeau said.
Trudeau said he had to step in largely because British Columbia sought to upend federal jurisdiction. The federal government announced earlier Tuesday it would buy the pipeline, terminal and expansion project for C$4.5 billion ($3.5 billion) with an aim to ensuring it’s built, then resold.