Kinder Morgan does not seem very upbeat about the prospects of its US$5.9-billion Trans Mountain pipeline project despite a pledge by the Alberta and federal Canadian government to support the pipeline expansion financially. In its Q1 2018 report conference call yesterday, CEO Steven Kean said that “it’s become clear this particular investment may be untenable for a private party to undertake. The events of the last 10 days have confirmed those views.” Indeed, the last couple of weeks have been very eventful, with Alberta’s government threatening British Columbia with legislation that could see exports of Albertan crude and fuels to the neighboring province reduced, and B.C. threatening to go to court if this legislation is approved. Prime Minister Trudeau meanwhile has offered financial support to Kinder Morgan to make sure the project goes ahead. For now, the PM seems wary of doing anything else in a bid to avoid […]