Event29 May 2018Action

Ottawa agrees to buy Trans Mountain and its expansion project from Kinder Morgan for $4.5 billion

Finance Minister Bill Morneau announced that cabinet had approved buying the existing Trans Mountain pipeline and the expansion project for $4.5 billion so that construction could proceed under a Crown corporation.

Date

29 May 2018

Kind

Ownership change

Where

Canada

Evidence

Action: Something was done: a law switched on, a tariff imposed, money committed. How evidence is weighed

Sources

• Department of Finance Canada, “Agreement Reached to Create and Protect Jobs, Build Trans Mountain Expansion Project (speech by Finance Minister Bill Morneau)” (external site), 29 May 2018. source record

Projects

• Trans Mountain (TMX), existing system