Liberal win in B.C. provides ‘greater clarity’ on pipeline: Kinder Morgan – by Kelly Cryderman (Globe and Mail – May 23, 2013)

Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Calgary — The pipeline company behind the proposed Trans Mountain expansion from Alberta to the West Coast says the B.C. Liberals’ electoral victory this month is a “pro-economy, jobs and investment” result, and provides greater clarity as to what conditions the company must meet in order to get shovels in the ground.

Kinder Morgan Canada president Ian Anderson said when he heard the Clark Liberals had won on May 14, “what I felt is we had a greater clarity of what those conditions were and what the interests were that we were facing in British Columbia.”

Speaking to reporters after a panel discussion with Mr. Anderson in Calgary on Thursday, Vern Yu of Enbridge Inc. – the proponent of the proposed Northern Gateway pipeline project – also said he believes the B.C. Liberals under Christy Clark have a more firm idea “of what’s necessary to get the project across the finish line” than their NDP challengers.

Both pipeline companies are keen to take advantage of what is burgeoning demand to ship growing volumes of Alberta bitumen to foreign buyers. But the rush to markets from the West Coast has been impeded by concerns about the environmental consequences of spills or an increased number of supertankers travelling from B.C. ports.

Kinder Morgan plans to spend about $5.4-billion to twin its existing 1,150-kilometre Trans Mountain pipeline from just east of Edmonton to Burnaby, B.C., bumping capacity to nearly 900,000 barrels per day of oil sands crude from the current 300,000. The company will file its facilities application to the National Energy Board this year.

During the B.C. election campaign, presumed frontrunner Adrian Dix announced an NDP government under his leadership would oppose the twinning of the Trans Mountain line. Expressing the concern of some Lower Mainland voters, Mr. Dix said the additional capacity to move oil – even within the existing right-of-way corridor – still raises environmental concerns about increased tanker traffic in and out of the company’s Burnaby terminal on Burrard Inlet’s shores.

For the rest of this article, click here:

Comments are closed.