Thursday, May 24, 2018

WHERE ARE THOSE INVESTORS MR MORNEAU?

   CALGARY - With just over a week remaining until the May 31 deadline set for abandoning its Trans Mountain pipeline expansion, no suitors have publicly emerged to step into builder Kinder Morgan Canada Ltd.'s shoes.
     Analysts and observers say they remain perplexed by Finance Minister Bill Morneau's comment last week that "plenty of investors would be interested in taking on this project," after the federal government said it would offer an "indemnity" or insurance to guarantee it is built.
     Kinder Morgan said Monday it has nothing to add to last week's statement from CEO Steve Kean in which he repeated the May 31 deadline and said that discussions are ongoing but "we are not yet in alignment."

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