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Kinder Morgan pipeline expansion investment untenable – CEO

By:  
Creamer Media Deputy Editor: North America
 
PIPELINE
The CEO of Kinder Morgan Steven Kean has conceded that the C$7.4-billion twinning of the existing Kinder Morgan crude oil pipeline between Alberta and British Columbia “may be untenable for a private party to undertake”. He made the comments during the company’s first-quarter conference call on Wednesday afternoon. This follows a suspension of non-essential spending on the Trans Mountain Expansion Project (TMEP) last week, with the company saying it will not put additional capital at risk.
 
 
 
 
 

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