If Kinder Morgan bails, feds would back new Trans Mountain investors: Morneau

If Kinder Morgan bails, feds would back new Trans Mountain investors: Morneau
Finance Minister Bill Morneau rises during question period in the House of Commons on April 24, 2018. Morneau said this week that if Kinder Morgan decides not to go ahead with the Trans Mountain pipeline, other investors are welcome. The Canadian Press/Justin Tang
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OTTAWA—If Kinder Morgan wants to abandon plans to build the Trans Mountain pipeline expansion, there are plenty of other investors out there willing to take up the cause—and they will have the backing of the federal Liberal government, Finance Minister Bill Morneau says.

The government is willing to “provide indemnity” to any investors, be they the project’s original architects or otherwise, to ensure the controversial Alberta-B.C. project is able to proceed, Morneau told a news conference on May 16.