Kinder Morgan Inc (KMI.N) has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the $6.8 billion expansion of its Trans Mountain pipeline project, according to people familiar with the process.
Kinder Morgan has held discussions with Canada Pension Plan Investment Board, the Caisse de depot et placement du Quebec and Ontario Teachers' Pension Plan Board, three of the biggest Canadian pension funds, the people added. It was unclear whether these talks were continuing.
Jan. 06, 2017 - China is rapidly gaining dominance in the fast-growing, global renewable energy market, as state-owned companies make massive overseas investments to secure the country’s leadership.
[VESG member reports:"David Black of Black Press was on the CBC Early Edition this morning arguing against Kinder Morgan and for setting up a refinery on the north coast instead (Prince Rupert?). He had some interesting nuggets on the Exxon Valdez grounding.
1) The ship lost only 8% of its load. [Editor: Black said an eighth of its load]
2) The most intensive part of the cleanup took four years.
3) 11,000 workers and 1,400 vessels were involved.
4) Only 7% of the spill was actually able to be cleaned up.
Dec 27, 2016 - On the first day of the new year, Ontario will launch its cap-and-trade system on carbon in a bid to vault the province to the front lines of the battle against climate change.
It is the centrepiece of the Wynne government’s Climate Change Action Plan, meant not only to meet tough targets for slashing greenhouse gas emissions but to spark a sweeping transition to a low-carbon society by changing the way Ontarians get around, heat their homes and run their businesses.
Nov 3, 2016 - The Canadian boss of a Texas multinational energy company promoting a major oil industry expansion project says he's not "smart enough" to say how much human activity is contributing to climate change.
[Webpage editor's note: Sharing energy infastructure for greater efficiency of supply is good, but not as part of expanding environmentally-destructive projects (like Site C) in order to power other environmentally destructive projects (like the tar sands).]
Nov 5, 2016 - The Trudeau government has sent a “quite positive” signal that it is prepared to help finance a new transmission link to ship clean B.C. hydroelectric power to Alberta, according to provincial energy minister Bill Bennett.
'The writing is on the wall,' says PSAC's president about embracing the green energy industry'
After more than 35 years of lobbying for the best interests of the oil and gas industry, the Petroleum Services Association of Canada is opening its doors to wind, solar and other renewable energy companies.
[Wepage editor's note: A law to INCREASE emissions from 66 to 100 megatons is not a cap, it is legalized climate vandalism.]
Nov 1, 2016 - Alberta’s NDP government moved to put into law Tuesday the costliest aspect of its climate leadership plan – a 100 megatonne-a-year cap on emissions from the oilsands.
The hope is the hard cap that will strand some of the resource will win federal permits for pipelines and Alberta recognition for sacrificing its most valuable asset.
