Hey, fellow Canadians, we're now proud owners of a pipeline project, purchased at $4.5 billion from Kinder-Morgan.
It will be run as a crown corporation, presumably with the goal of selling or privatizing it to recoup taxpayer investment once the project is built. But maybe they should keep it as a crown corporation, and use the money it makes to fund environmental initiatives and renewable energy r&d.
-k
Supposedly Kinder Morgan has spent 1.3 billion on the expansion, so that 4.5 billion better also include the existing line, not just the new project.
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