Kinder Morgan Canada Ltd. said April 18 that its Trans Mountain oil pipeline expansion project was facing "unquantifiable risk" due to the British Columbia government's continued opposition and reported a 5.1% drop in first-quarter earnings. British Columbia said April 18 that it would file a legal challenge in the province to determine whether it has the jurisdiction to stop the C$7.4 billion (US$5.9 billion) expansion, which was approved by the federal government in 2016. Kinder Morgan Canada, which was spun off from parent Kinder Morgan Inc. (NYSE: KMI) in May last year, reported a net income of C$44.4 million (US$35.17 million) for the first quarter ended March 31, down from C$46.8 million for the same period last year.
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