Kinder Morgan Canada says Trans Mountain activity slowed by permits
Posted Oct 18, 2017 2:52 pm.
Last Updated Oct 18, 2017 4:01 pm.
This article is more than 5 years old.
CALGARY – Kinder Morgan Canada Ltd. (TSX:KML) says the Trans Mountain pipeline expansion project continues to move forward, though early activity has been slower than expected.
The company says in its third-quarter results that construction preparation activity for the $7.4-billion project is off to a slower start than planned mostly because of the time required to file for, process and obtain all necessary permits and regulatory approvals.
The company, however, adds it has received a number of priority permits and pending some further permits and approvals, it will be able to start clearing and other construction activities in Alberta and the B.C. northern interior this year.
Kinder Morgan Canada is facing intense scrutiny for the project that many in B.C. oppose, including chastisement last month for installing fish-spawning deterrents without proper approvals in place.
The company applied for an exemption to allow it to place more deterrents, saying not getting them in place could delay the project, but then withdrew the application after finding fish had already started spawning in the areas.
Kinder Morgan Canada is assessing options to mitigate the delays, but that if the mitigation doesn’t work then completion of the project could be delayed by up to nine months.
