Canada government ready to cover some Kinder Morgan pipeline losses

OTTAWA (Reuters) - Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday......»»

OTTAWA (Reuters) - The Canadian government is prepared to financially shield Kinder Morgan Canada Ltd's proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday......»»

BENGALURU (Reuters) - Kinder Morgan Canada shareholders on Tuesday backed the pipeline operator's decision to pause most work on its Trans Mountain expansion as a way to force the Canadian government to give final approval for the project......»»

MONTREAL/BENGALURU (Reuters) - The Canadian government on Monday said it was .....»»

Canada's finance minister says the federal government will cover any losses a pipeline builder might suffer if British Colombia's provincial government continues to obstruct the Trans Mountain pipeline expansion......»»

In a bid to protect Canada’s reputatio.....»»

As a hard deadline set by Kinder Morgan Canada Ltd for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the C$7.4 billion project......»»

Houston-based Kinder Morgan Inc. (NYSE: KMI) announced May 29 that the government of Canada will buy the company’s Trans Mountain Pipeline system and expansion project for $3.46 billion. The deal is expected to close late in the third quarter o.....»»

Kinder Morgan's Canadian subsidiary has sold the troubled Trans Mountain pipeline system and expansion project to Canada's federal government. The government plans to sell the assets as soon as it........»»

OTTAWA/WINNIPEG (Reuters) - Canada will buy Kinder Morgan Canada Ltd's Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, in hopes of saving the project that faces formidable political and environmental opposition......»»

OTTAWA/WINNIPEG (Reuters) - Canada will buy Kinder Morgan Canada Ltd's Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces formidable political and environmental opposition......»»

Canada took the extraordinary step to pony up billions to buy a pipeline project the government says is vital for the country’s economic future but was on the brink of collapse due to regional opposition......»»

OTTAWA/HOUSTON (Reuters) - U.S. energy firm Kinder Morgan's C$4.5 billion sale of an oil pipeline to Canada's government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials......»»

U.S. energy firm Kinder Morgan's C$4.5 billion sale of an oil pipeline to Canada's government marked an extraordinary escape from months of fraught negotiations among warring camps of Canadian officials......»»

Canada's Federal Appeals Court on Thursday ruled in favor of indigenous and environmental groups to halt work on the Trans Mountain oil pipeline expansion project that the government had purchased in........»»

An order from a federal judge has cleared the way for Kinder Morgan to begin construction of the Hill Country portion of Kinder Morgan Inc.'s Permian Highway Pipeline. Several Central Texas government entities tried unsuccessfully to place a temporary .....»»

Pipeline operator Kinder Morgan Inc said on Thursday it sold the 25 million shares in Canada's Pembina Pipeline Corp that it received when Pembina bought Kinder Morgan Canada for $764 million......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

U.S. energy giant Kinder Morgan has agreed to sell the U.S. portion of its Cochin pipeline system and its Canadian subsidiary to Canada's Pembina Pipeline for a total value of $3.3 billion......»»