Kinder Morgan

Business Not As Usual: What Kinder Morgan Isn’t Telling Investors

kinder morgan IPO climate change

Kinder Morgan is providing potential investors with shoddy information, according to a complaint filed with the Alberta Securities Commission by Greenpeace Canada last week.

The formal complaint contends the company’s draft prospectus — a legal document prepared for investors ahead of its massive $1.75 initial public offering (IPO) — failed to properly disclose future Asian oil demand and the financial impacts of climate policy.

It turns out that Kinder Morgan used demand forecasts that assume “business as usual” for oil consumption, which effectively means no serious attempt to keep global warming below two degree celsius.

3 Ways B.C. Could Stop Kinder Morgan’s Trans Mountain Pipeline

Christy Clark, Andrew Weaver, John Horgan B.C. leaders debate

The prospect of a new provincial government in B.C. has sparked fresh political debate about Kinder Morgan’s Trans Mountain pipeline, which is opposed by B.C.’s NDP and Green Party, despite already receiving provincial and federal approval.

There are no tools available for a province to overturn or otherwise block a federal government decision,” stated Alberta Premier Rachel Notley this week.

But is that really the case?

The short answer is no.

VIDEO: The Many Faces of Christy Clark on Kinder Morgan

On Wednesday the province of B.C. granted final approval for the Kinder Morgan Trans Mountain pipeline. Exactly one year earlier B.C. announced its official opposition to the pipeline in a final submission to the National Energy Board.

In that final submission B.C. said the pipeline posed unacceptable oil spill risks to the province’s land and water.

Since 2013 B.C. has upheld five conditions that must be met for a pipeline project to receive provincial support. Marine and oil spill response capabilties are two of those conditions.

We have not at this time seen evidence in the NEB process that those conditions have been met,” B.C. environment minister Mary Polak told the press last year.

Now, one year later, B.C. has reversed its position and thrown its support behind the oil pipeline project.

Secrecy Around Composition of Oilsands Dilbit Makes Effective Spill Response, Research Impossible: New Study

Knowledge gaps about the behaviour of diluted bitumen when it is spilled into saltwater and lack of information about how to deal with multiple problems that can result from extracting and transporting bitumen from the Alberta oilsands, make it impossible for government or industry to come up with effective policies to deal with a disaster, says a newly published research paper, Oilsands and the Marine Environment.

Review of 9,000 Studies Finds We Know Squat About Bitumen Spills in Ocean Environments

Nobody knows how a spill of diluted bitumen would affect marine life or whether a bitumen spill in salt water could be adequately cleaned up, because basic research is lacking, says a new study.

The peer-reviewed paper, which will be published later this month in the journal Frontiers in Ecology and the Environment, looked at more than 9,000 studies of the effect of oilsands products on the marine environment.

Five Myths Trudeau Rehashed in Kinder Morgan Pipeline Approval

Most Canadians weren’t surprised to hear Prime Minister Justin Trudeau approve the Kinder Morgan Trans Mountain pipeline this week.

Yet Trudeau’s announcement was so thoroughly cut through with political spin and misinformation some have described it as “Orwellian.”

So where did the Prime Minister rank highest on the spin-master index?

Here are our top five myth and misinformation moments from Trudeau’s Kinder Morgan announcement.

Southern Resident Killer Whales Unlikely to Survive Increase in Oil Tanker Traffic, Say Experts

Under the waves of Haro Strait, hydrophones record the noise made by passing vessels and, if you happen to be a whale, the din is already disorienting and disturbing, making it difficult to echo-locate food or communicate with other members of the pod.

Tweet: ‘It’s a thunder. Thump-thump-thump, accompanied by squeals & engine noise - like being under the hood of a hot-rod’ http://bit.ly/2gi1faFIt’s a thunder. Thump, thump, thump, accompanied by squeals and engine noise. It’s like being under the hood of a hot-rod,” said Howard Garrett, president of Orca Network, the Washington State group that tracks the comings and goings of the 80 remaining members of the endangered southern resident killer whales.

All recent studies of the resident pods have identified marine noise around the Strait of Georgia and Juan de Fuca Strait as one of the stressors threatening their survival, in addition to lack of Chinook salmon — the whales’ favourite prey — contaminants accumulating in their blubber and degradation of their critical habitat.

Trudeau Approves Kinder Morgan Trans Mountain Pipeline As Part of Canada’s ‘Climate Plan’

Justin Trudeau announced the approval of the Kinder Morgan Trans Mountain pipeline Tuesday, saying the project is integral to meeting Canada’s climate commitments.

Tweet: Sorry, what? @JustinTrudeau says #KinderMorgan is integral to meeting Canada’s climate commitments http://bit.ly/2g3PQLx #bcpoli #cdnpoli“Today’s decision is an integral part of our plan to uphold the Paris Agreement to reduce emissions while creating jobs and protecting the environment,” Trudeau told reporters at a press conference.

The Trans Mountain pipeline expansion project will twin an existing pipeline running from Alberta to Burnaby, B.C. increasing transport capacity from 300,000 barrels of oil per day to 890,000 barrels per day. Trudeau also approved an application to increase capacity of the Enbridge Line 3 pipeline from 390,000 to 915,000 barrels per day.

According to Environment and Climate Change Canada, the two pipelines combined represent an increase of 23 to 28 megatonnes of carbon dioxide equivalent released into the atmosphere.

Under the Paris Agreement Canada pledged to reduce emissions 30 per cent below 2005 levels by 2030. Canada’s current policies aren’t expected to meet those targets. According to a recent analysis by Climate Action Network, Canada is expected to miss those targets by 91 megatonnes.

Trans Mountain and Line 3 put Canada at a further disadvantage when it comes to meeting those targets.

Federal Approval of Kinder Morgan Pipeline Would Be ‘Misguided’ Says Justice Minister in Newly Surfaced Letter

Justice Minister Jody Wilson-Raybould said the federal government holds the constitutional power to force through the Kinder Morgan Trans Mountain pipeline but that doing so would follow the “misguided position of the Conservatives.”

The comments, released Tuesday in a 2015 letter submitted by Wilson-Raybould to the democracy advocacy organization, Dogwood Initiative, comes as Canadians await the federal government’s decision on the Trans Mountain and other pipelines expected this afternoon.

In her letter Wilson-Raybould argues Canada needs “greater citizen engagement in decision making.”

In some ways Kinder Morgan is more complicated than Northern Gateway as it is a proposed expansion of an existing line,” Wilson-Raybould wrote. “I wonder if the Trans Mountain pipeline would ever have been approved in the first place if it was being proposed today?”

Ministerial Panel on Kinder Morgan Pipeline Actually Nails It

Kinder Morgan’s Trans Mountain pipeline proposal cannot proceed without a serious reassessment of its impacts on climate change commitments, indigenous rights and marine mammal safety.

That was the conclusion of the “Report from the Ministerial Panel for the Trans Mountain Pipeline Expansion Project,” released to the public on Nov. 3 by the three members of the self-described “omissions panel” that was formed to make up for perceived flaws in the National Energy Board review process.

Surprisingly, I think it did do its job,” says Patrick DeRochie, climate and energy program manager at Environmental Defence.

It’s kind of the icing on the cake of a fatally flawed Kinder Morgan review process. Tweet: New NEB panel report shows social, environmental & economic rationale for approving #KinderMorgan just doesn’t exist http://bit.ly/2fdaECVIt shows the social, environmental and economic rationale for approving this pipeline simply doesn’t exist. The only viable option coming from this report is the rejection of Kinder Morgan by the federal government.”

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