The Government of Alberta is contemplating the purchase of the Trans Mountain oil pipeline project to ensure it is completed following current owner Kinder Morgan’s decision to cease further investment.
Kinder Morgan attributed its decision to opposition and delays from the British Columbia (BC) Government.
If completed, the C$7.4bn ($5.8bn) expansion project is expected to triple the existing oil supply between Alberta and Burnaby, BC.
Kinder Morgan said it will wait until 31 May this year to see whether legal and jurisdictional problems affecting the project can be resolved before deciding on future courses of action.
Following the ultimatum, Alberta Premier Rachel Notley was quoted by media sources as saying: “We are considering a number of financial options to ensure that the Trans Mountain expansion is built, up to and including purchasing the pipeline outright if it were to come to that.
“But it is not the only model we’re considering. Obviously, the best interest and outcomes for Albertan Citizens will be front and centre as we explore these options.”
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By GlobalDataIf it goes ahead, the project is expected to bring several jobs to Alberta and make contributions to the economy.
