Government pipeline purchase won’t solve Trans Mountain stalemate, say analysts – CBC
‘It really doesn’t deal with the main issue, and the main issue is political uncertainty’
Apr 13, 2018
Financially backing or buying the Trans Mountain pipeline expansion would be a bad investment for the Alberta government, say political and industry watchers.
The NDP government would be taking an enormous financial risk in bankrolling the Kinder Morgan project — and the investment would do nothing to quell the unwavering political opposition that has stalled its construction.
“The primary risk is monetary, for the same reason that private investors are pulling out, or are thinking of pulling out,” said James Coleman, a professor of law at Southern Methodist University in Dallas.
