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Home World Business

Canada govt steps in to buy controversial pipeline

byCT Report
01/06/2018
in World Business
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Ottawa, (UrduPoint / Pakistan Point News – 29th May, 2018 ) :Canada’s government said Tuesday it will take over a controversial pipeline expansion project to ensure it gets builtover the fierce opposition of environmental activists and British Columbia’s provincial government.

Ottawa will pay Kinder Morgan Can$4.5 billion ($3.5 billion) for the Trans Mountain pipeline, which is to move 890,000 barrels of oil a day from landlocked Alberta to the Pacific coast for export overseas, Finance Minister Bill Morneau told a news conference.

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