The Board of Directors of Texas-based Kinder Morgan Inc. will reportedly make its final investment decision on its $7.4 billion Trans Mountain tar sands pipeline by June 30. But what are the potential costs of this 890,000 barrel per day pipeline in terms of long-term damage to the environment and even lives lost?
The Canadian Press reports, “A deal reached between British Columbia and Trans Mountain reveals new details about Kinder Morgan’s timeline to approve investments for a proposed oil pipeline expansion and requirements to hire local workers. The agreement, signed April 6, says the Kinder Morgan board of directors must reach a final investment decision by June 30 with news communicated by July 2 for the project to go ahead.”
That article adds, “A spokesperson for Trans Mountain said in a statement Saturday, ‘Next steps for the project include arranging acceptable financing and a final investment decision by Kinder Morgan.'”
Council of Canadians – April 9, 2017.
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