Kinder Morgan Canada’s president Ian Anderson may have misled potential investors in a statement released Thursday that claimed “execution planning is complete, our approvals are in hand” for the Trans Mountain pipeline, according to Ian Stephen, resident of Chilliwack B.C. and campaign director at the Waterwealth Project.
“We are now ready to commence construction activities this fall,” Anderson told the public this week during Kinder Morgan Canada’s $1.75 billion initial public offering — one of the largest offerings in Canada’s history — expect to close May 31.
But according to Stephen, Kinder Morgan is “misleading potential investors,” because (Read more…) company has yet to receive National Energy Board approval for the Trans Mountain pipeline route through Chilliwack.
The company’s current plan routes the pipeline directly over the city’s aquifer, a source of drinking water for over 90,000 residents in Chilliwack and Yarrow.
“The key thing for me, and for most people in Chilliwack, is the aquifer. It’s our sole source of drinking water for one of the fastest growing communities in B.C.,” Stephen told DeSmog Canada.