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B.C. plans to negotiate environmental fund with Kinder Morgan

Official says fund will be one of five conditions that must be satisfied to give support for Trans Mountain pipeline


 
British Columbia Premier Christy Clark speaks about the province's climate action plan at the still under construction Carbon Capture and Conversion Institute, in Richmond, B.C., on Friday August 19, 2016. (Darryl Dyck/CP)

British Columbia Premier Christy Clark. (Darryl Dyck/CP)

VICTORIA – A senior official with the British Columbia government says the province expects to negotiate a fair share agreement with Kinder Morgan that sees the pipeline company pay for an environmental fund.

The official, who spoke on the condition of anonymity, says the fund will become part of the province’s five conditions that must be satisfied before supporting the $6.8 billion expansion of the Trans Mountain pipeline from Alberta to Burnaby, B.C.

Related: Trudeau crunches the crude math of pipeline politics

The official says B.C. has a general sense of the amount of money it expects to receive as its fair share for the risk the province will bear from the pipeline and an increase in tanker traffic on the West Coast.

But the official did not specify the amount of money B.C. expects and says negotiations will determine if the province receives a one-time payment or payments by instalment.

Related: Trudeau, a ‘grandson of B.C.’, makes his pipeline case

Premier Christy Clark says the federal government is close to meeting B.C.’s five conditions for approval of the Kinder Morgan pipeline.

Prime Minister Justin Trudeau announced the pipeline’s approval Tuesday, saying the project, which triples the capacity of the current Trans Mountain pipeline, is in the national interest.


 

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