Kinder Morgan has suspended spending on the Trans Mountain Pipeline expansion project, citing the “continued actions in opposition to the project by the province of British Columbia.”
In a press release the company said “in the current environment we will not put Kinder Morgan shareholders at risk on the remaining project spend.”
It is so bad that Kinder Morgan president Ian Anderson told BC Premier John Horgan that the company was being unnecessarily harassed by the province of BC.
Kinder Morgan’s ready to cut a $1.1B loss on the $7.4B project because BC isn’t respecting the Canadian Constitution and Justin Trudeau doesn't seem all that concerned about it.
And Notley? Her solution is to ask Trudeau to do something “concrete” while she muses about investing money she doesn't have for an ownership stake in the pipeline, a move that sends the chilling message that to do business in Canada, a company has to partner with the state like Venezuela circa 2007.
Today I ask, what would Notley, Trudeau and Horgan have done differently if they were working for a foreign government to block pipelines and scare away oil and gas development?
Look at the radicals they’ve appointed to make decisions. Look at the policies they’ve implemented to deter investment to Canada.