As clock ticks, doubts grow over Kinder Morgan's Canada oil pipe expansion

VANCOUVER/WINNIPEG, Manitoba (Reuters) – As a hard deadline set by Kinder Morgan Canada Ltd for scrapping a key pipeline expansion looms, there is growing doubt among investors, contractors and government officials about reaching a deal to save the C$7.4 billion ($5.7 billion) project. The company, a unit of Houston-based Kinder Morgan Inc , set a May 31 deadline to decide if it will proceed with the expanded line from Edmonton, Alberta to a port in the Vancouver area, which would give landlocked Canadian crude greater access to foreign markets. The project’s fate will create political ripples in …read more

Source:: Yahoo Finance

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