Kinder Morgan stopped all “non-essential spending” on the $7.4 billion project due to regulatory, legal and political barriers.
trans mountain pipeline
Canada’s energy sector employed 884,000 people in 2016.
Pipelines are 2.5 times safer than rail transport.
Cenovus recently announced it will cut production from some of its oilsand projects.
The recent move by Kinder Morgan on the Trans Mountain pipeline was a massive blow to Canada’s investment attractiveness.
Private-sector investment in factories and other structures down more than 23 per cent.
Business investment (excluding residential structures) is down nearly 20 per cent since the third quarter of 2014.
Premier John Horgan has led B.C.’s obstruction of the pipeline project.
At least 51 First Nation communities signed agreements worth more than $400 million with the Trans Mountain pipeline project.