An interesting development in the pipeline wars. Kinder Morgan has just agreed to sell its Trans Mountain Pipeline system to the Canadian government for C$4.5 billion ($3.5 billion U.S.). Why? Kinder is tired of the ongoing civil war in Canada over extending Trans Mountain from the oil sands of Alberta through British Columbia to the coast for exporting to Asia. As we reported last week, British Columbia is blocking the project and Alberta is now fighting back–and it’s nasty, a civil war in every way except armed conflict (see Canadian Civil War Previews What’s Coming in NY re Pipelines). The federal Canadian government wants this pipeline project to happen. Kinder lost its appetite to make it happen, so Canada is buying the entire project from Kinder, to ensure it gets built. What does an oil pipeline in western Canada have to do with the Marcellus/Utica? It’s a preview of things to come in U.S., where NY Gov. Andrew Cuomo is blocking pipeline projects that PA and other states critically need. We’re watching what happens with the Trans Mountain project as a proxy for what may happen here at home…
An interesting development in the pipeline wars. Kinder Morgan has just agreed to sell its Trans Mountain Pipeline system to the Canadian government for C$4.5 billion ($3.5 billion U.S.). Why? Kinder is tired of the ongoing civil war in Canada over extending Trans Mountain from the oil sands of Alberta through British Columbia to the coast for exporting to Asia. As we reported last week, British Columbia is blocking the project and Alberta is now fighting back–and it’s nasty, a civil war in every way except armed conflict (see 