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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (225849)	3/11/2013 7:53:42 PM
From: Rocket Red	Read Replies (1) \| Respond to of 313645

Kinder Morgan's potential expansion of its Trans Mountain pipeline, which could mean a more than six-fold increase in the amount of oil now being exported by tankers out through Burrard Inlet. The politicking will be intense to persuade B.C. to accept at least Kinder Morgan's proposal, if not both projects, to satisfy national strategic interests, according to SFU public policy professor Doug McArthur. "The federal government is increasingly committing itself to a high level of expansion of the oil sands and making it almost the main economic issue in the country," he said. "I think B.C. will be under tremendous pressure from the federal government." By comparison, McArthur said Kinder Morgan's Trans Mountain expansion amounts to twinning its existing pipeline on an established right-of-way with few of the technical or legal challenges facing Enbridge. Tankers already carry oil on a shipping route and with procedures that are well established, in contrast to Enbridge, which would introduce big tankers to the more challenging waters of the north coast. McArthur predicts a provincial government that actively blocks both projects – rather than merely register its opposition – would feel Ottawa's wrath. "There would be a huge battle," he said, adding future federal grants and support might be at risk. "The federal government would pull out every possible means they have to make life very, very difficult for B.C."