Long Term Trend: Kinder Morgan, Inc. (KMI)

B.C. Premier John Horgan Darryl Dyck  The Canadian Press

B.C. Premier John Horgan Darryl Dyck The Canadian Press

Kinder Morgan has announced it is suspending "non-essential" activities and investments for its Trans Mountain pipeline expansion project.

Carr also said he does not believe oil companies and energy investors are looking to leave Canada due to the current climate of uncertainty, highlighting a recent meeting in Fort McMurray between senior oil executives and Prime Minister Justin Trudeau.

Late Sunday, Trudeau tweeted the federal government "will act within national interests".

Federal jurisdiction means the B.C. government can not stop the project no matter what government holds office.

The pipeline would move large amounts of oil from Alberta's tar sands to Vancouver, B.C - increasing the number of oil tankers in the waters around Vancouver and Washington.

The project received a green light from the federal government in 2016 and Trudeau has argued it is possible to balance the interests of the economy and environment.

Milobar said that money could be funnelled into social programs, health care and transportation. "We said in an election campaign a year ago this is what we would do". It also reduced its holding in Darling Ingredients Inc (NYSE:DAR) by 2.22 million shares in the quarter, leaving it with 1.98M shares, and cut its stake in Fortive Corp.

"Today is a very important day for B.C.", she said, "It shows that when we stand up, and there are moments in history when we have to stand up, that we can change the outcome and ensure the safety of our province and of our coast".

FILE PHOTO: Indigenous leaders and environmentalists march in protest against Morgan's Trans Mountain pipeline in southern British Columbia, in Burnaby, British Columbia, Canada March 10, 2018. He said the conversation spans beyond legality to "financial risks".

"Provoked by the B.C. government's continued position, this is a referendum on whether British Columbia is open to investment and whether a legal enterprise can, with any confidence, build and operate a business within the province and the country".

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In Texas and Oklahoma, for instance, unemployment is under 4.0 per cent.

"We're not going to let that happen". "I do worry about the displacement of workers". "While we have succeeded in all legal challenges to date, a company can not litigate its way to an in-service pipeline amidst jurisdictional differences between governments", said Kean. Hines wants communities to have a say in the project. If a trader wishes to see a 50-day average instead, the same type of calculation would be made, but it would include the prices over the past 50 days and the same process goes on for 200 days.

Kinder Morgan said it has spent $1.1 billion to develop the project since its initial filing with the National Energy Board in 2013. It was expected to begin construction in 2017, with the expansion set to be done by the end of 2019. This pipeline will be built.

Alberta Premier Rachel Notley has vowed to do whatever she can to get the project moving, including the possibility of the province investing in the pipeline.

To take Kinder Morgan CEO Steven Kean at his word, Premier John Horgan's British Columbia government is having success in its fight to stop the company's $7.4-billion Trans Mountain oil pipeline expansion.

The company went on to say that those actions have created even greater, and growing, uncertainty with respect to the regulatory landscape facing the project. With all our partners, we continue to consider all available options.

The only oil economies that are floundering are those, like Alberta and Venezuela, run by lefty governments who think government intervention and public spending will spur growth as surely as private innovation and investment.

"My views on this have been consistent for the past year", Horgan said. "Maybe the government of B.C. feels they can mess with Texas - and who knows, maybe they can". "There is a lot at stake here beyond this one project, including Canada's reputation as a reasonable place to do business".

He said the entire issue is avoidable.

"Kinder Morgan can not proceed without the consent of the First Nations along its path, so many of which oppose it", said Chief Grand Chief Stewart Phillip, who is president of the UBCIC, in a press release from February 8.

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