Ottawa ready to cover losses if Trans Mountain pipeline delayed because of politics

OTTAWA — The Canadian government is prepared to indemnify Kinder Morgan Canada Ltd’s proposed Trans Mountain pipeline expansion against unnecessary delays that are politically motivated, Finance Minister Bill Morneau said on Wednesday.

Morneau also told a news conference that if Kinder Morgan decided to walk away from the project, which the provincial government of British Columbia opposes, the indemnification would stay in place in case another company took over.

© Thomson Reuters 2018