Kinder Morgan shareholders vote to sell Trans Mountain pipeline

Kinder Morgan shareholders vote to sell Trans Mountain pipeline

The Federal Court of Appeal has quashed Ottawa's approval of the Trans Mountain pipeline expansion.

"We remain committed to building this project in consideration of communities and the environment, with meaningful consultation with indigenous peoples and for the benefit of Canadians", he said in a statement.

The court ruled the National Energy Board's review of the project was flawed because it failed to consider impact on marine life.

The federal court said that during the NEB permit process, Canada acted in "good faith" when consulting but later fell "well short of the mark" in properly consulting First Nations during the third and final stage.

The brief meeting in Calgary was chaired by the CEO of both Kinder Morgan Canada Inc. and its USA parent, Steven Kean.

Kenney said he doesn't blame the federal government for the situation but said the courts appeared to continually change the definition of what constitutes meaningful consultations with Indigenous groups.

"This verdict is one in a long line of recent Canadian court decisions that carve out the new legal space around Indigenous Title and the Rights that derive from them, for which we've been fighting relentlessly- and winning- for decades".

The expansion would almost triple capacity on an existing line from Edmonton, Alberta to a port in the Vancouver area for export and was approved by the federal government in 2016. "The increased tanker traffic that the ... project proposes is entirely unacceptable", he said. "It's probably a very frustrating day for a lot of First Nations who are along the route and were in support of it".

"Water is life. Water is sacred", he said, adding the federal government "never ever ever got our consent" for the pipeline.

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"This is a watershed moment for a troubled and controversial project", Hasselman said.

"While we want to make sure the project proceeds, we also want to make sure it moves ahead in the right way".

"I don't regret anything about this", said Chief Lee Spahan in a phone interview. Finance Minister Bill Morneau said this morning that his government will review the court's decision and will "respond promptly", but said it was too soon to comment on whether Ottawa would appeal.

"This is a proud moment for us as Indigenous people", he said.

Stewart Phillips, head of the Union of B.C. Indian Chiefs, said he had not anticipated a positive ruling. Instead, he had expected joining other First Nations representatives to speak on "the need to carry on the battle".

In late May, Canada announced it would spend $3.5bn to buy the pipeline from Kinder Morgan, in essence nationalising the project.

"I'm not unlike many, many British Columbians who have held the view that our coast was not considered by the National Energy Board and I feel that those citizens have been vindicated today", Horgan said. That, in turn, meant that the energy board did not assess the potential impact of increased tanker traffic on the southern resident killer whale population.

The decision is likely to be appealed to the Supreme Court of Canada either way, Hoberg predicted, and another 18 months to two years will pass before it's settled.

Further delays will harm Canada's economy by limiting access to global markets, said Al Reid, executive vice-president of oil producer Cenovus Energy Inc, whose shares dropped 4.4 percent.

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