British Columbia Investment ManagementCorp, one of Canada's largest pension fund managers, recentlyboosted its stake in TransMountain pipeline operator KinderMorgan Inc , the Financial Post reported, citingregulatory filings.
BCIMC, which manages British Columbia public-sector pensionfunds, bought 21,214 shares of Kinder Morgan during the fourthquarter, the newspaper reported. The purchase raised BCIMC's stake to 1.12 million shares,making its position worth more than $18 million, the FinancialPost said . The fund and Kinder Morgan did not immediately respond torequests for comment. News of the purchase comes a month after Kinder Morgan saidit halted most work on the C$7.4 billion oil pipeline expansionwhich was fiercely opposed by British Columbia's left-leaningNew Democratic government, activists and some aboriginal groups. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing byMaju Samuel)