Kinder Morgan Canada Ltd.’s shares tumbled in the company’s public debut as new risks threatened to stall a major pipeline expansion to Canada’s West Coast.
Houston-based Kinder Morgan, which aims to triple the capacity of its Trans Mountain pipeline, raised $1.75-billion in the biggest initial public offering in the energy sector in more than two years.
But shares in the company’s Canadian unit immediately fell on Tuesday as investors weighed possible impacts of a minority government led by British Columbia’s New Democratic Party on the $7.4-billion expansion.
May 30, 2017 — As Kinder Morgan looks to crowdfund its ill-conceived pipeline, the Wilderness Committee is launching a live map so British Columbians can stay up-to-date if the shovels ever do hit the dirt.
Four-day walk against Trans Mountain expansion finishes in Burnaby.
Several hundred people rallied at the gates of Kinder Morgan’s terminal in Burnaby on Sunday at the conclusion of four-day walk against fossil fuel expansion.
Some of the marchers, including federal Green Party Leader Elizabeth May, embarked on a full 75-km journey from Victoria, while others joined at various stops along the way.
Last January, an oil tanker filled with Canadian crude slipped beneath Vancouver’s Lions Gate bridge. It was headed for the Chinese port of Dalian, the first dispatched across the Pacific by a new company that was testing the waters on a much bolder plan.
U.S. Bank has become the first major bank in the U.S. to formally exclude gas and oil pipelines from their project financing. This groundbreaking change to their Environmental Responsibility Policy was publicly announced at the annual shareholders meeting in Nashville in April.
Feb 10, 2017 - Earl Muldon sits at his kitchen table surrounded by family, sipping coffee. His wife Shirley brings over a plate of cream cake topped with huckleberries.
May12, 2017 - A bill to restrict the movement of oil off the north coast of British Columbia has been formally tabled by the federal government in the House of Commons, according to a statement released by Transport Canada Friday.
The federal government has been caught making false statements about how oilpatch partners tried to hijack its efforts to consult First Nations in British Columbia on marine protection in their territory.
