Trans Mountain pipeline plan enters home stretch – BiV

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Trans Mountain pipeline plan enters home stretch – BiV

by ahnationtalk on January 19, 2016231 Views

Since NEB hearing process began, project’s costs have ballooned by more than $1 billion

On December 17, 2015, two years and one day after it applied to the National Energy Board (NEB) to twin its 1,150-kilometre Trans Mountain pipeline, Kinder Morgan Inc. (NYSE:KMI) made its final pitch to the NEB at a public hearing in Calgary.

Today (January 19) at a public hearing in Burnaby, interveners began giving oral arguments as to why the project should or shouldn’t proceed. The hearing will run through January 29 before resuming in Calgary in February.

The B.C. government is not among the interveners. However, just last week, it made a submission to the NEB that said it cannot support the project because the company has failed to meet the province’s five conditions, which include providing assurances it can provide “world-class” oil spill prevention and response.

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