The owner of the Trans Mountain pipeline is distancing itself from responsibility for a potential disaster and is breaking the law by restructuring without a green light from the National Energy Board, claims economist Robyn Allan.
The restructuring Allan points to is a big deal for financial folks, and mind-numbingly complicated for just about everyone else. This week, the Houston-based Kinder Morgan Inc. is set to complete a $73-billion deal that gives it full ownership of Kinder Morgan Energy Partners LP, a separate entity in charge of the Trans Mountain pipeline expansion through Burnaby.
The restructuring Allan points to is a big deal for financial folks, and mind-numbingly complicated for just about everyone else. This week, the Houston-based Kinder Morgan Inc. is set to complete a $73-billion deal that gives it full ownership of Kinder Morgan Energy Partners LP, a separate entity in charge of the Trans Mountain pipeline expansion through Burnaby.