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Search results for "Kinder Morgan" ...
National Observer’s reporting revealed how the Canadian government made a politically-motivated decision to approve a major west-coast pipeline expansion project, knowingly violating its legal duty to consult affected Indigenous communities. The reporting has contributed to significant delays in the project, followed by the withdrawal of energy company Kinder Morgan, and a government takeover of the project. The reporting has largely left the project in limbo, and will force federal officials to improve its efforts to accommodate First Nations if it wants to proceed with the pipeline expansion. Meanwhile, a key federal cabinet minister has been reassigned and oil companies have scaled back plans to expand production in Alberta either directly or indirectly related to the investigation by National Observer.
The Wall Street Journal examines opportunities to buy cheap in a sinking economy. The story focuses on Cleveland business climate, and the steel industry in particular. The article points to acquisitions of cash-strapped companies by other having the money for new operations, but also finds that the risk is high. "Those that have the resources often don;t have the stomach to buy much of anything, regardless of its long-term potential," the Journal reports.