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Kinder Morgan reins in spending on Trans Mountain Pipeline expansion

April 8, 2018 4:37 PM
Reuters

Kinder Morgan Canada Ltd saidon Sunday it is suspending all non-essential activities andrelatedspending on the expansion project for its Trans MountainPipeline.

KML also said that it will not commit additional shareholderresources to the project under current circumstances,specifically including the continued actions inopposition to the Project by the Province of British Columbia.

The company will, however, consult with various stakeholdersin an effort to reach agreements by May 31 that may allow theproject to proceed.

(Reporting by Bhanu Pratap in Bengaluru; Editing by DavidGregorio)
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