Purchase agreement indicates the deal is subject to a U.S. national security review
The federal government's plan to purchase Kinder Morgan's Trans Mountain pipeline and related infrastructure still faces a potential spoiler in the form of a U.S. national security review — setting up the possibility that U.S. President Donald Trump could veto the deal.
OTTAWA — The federal government is set to become the official owner of the Trans Mountain pipeline expansion after failing to quickly flip the project to another private-sector buyer.
Pipeline owner Kinder Morgan had been working with the government to identify another buyer before July 22.
But with that date set to pass without a deal, it was expected the pipeline company will now take Ottawa's $4.5-billion offer to purchase the project to its shareholders.
A report submitted as evidence in a First Nations injunction hearing finds significant setbacks could further complicate the project already behind schedule and over budget
BC Hydro’s troubled Site C dam project, already behind schedule and vastly over-budget, faces an “extremely high probability” of at least a one-year construction delay, according to a leading expert in large hydro dam projects.
