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Canada buys Trans Mountain oil pipeline on loan
May 30, 2018
Source: World Oil

Canada buys Trans Mountain oil pipeline on loan

The Canadian Government yesterday announced that it will buy the controversial Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline for $3.5 billion. Canada has been firm on building the pipeline right from the beginning. The project has been affected by legal uncertainty and continued protests from environmental groups and the province of British Columbia. The expansion would almost triple the capacity to 890,000 bbl of oil.

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