Kinder Morgan moves forward with Trans Mountain Expansion Project.

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Kinder Morgan Canada Ltd. completed its IPO and finalized the investment decision on the Trans Mountain Expansion Project. The decision to proceed triggers several important next steps including the finalizing of construction contracts and the actualization of the financial, employment and safety benefits the company has committed to through over five years of engagement and consultation.

The $7.4 billion project will parallel the 715-mile route of the existing Trans Mountain Pipeline that was built in 1953 and is the only West Coast link for Western Canadian oil. Pipeline capacity will increase from 300,000 bpd to...

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