Friday, March 17, 2017
Cold Hard Cash
Sven Biggs, Stand.earth
arly last week, Kinder Morgan Inc revealed that the total cost of their Trans Mountain Expansion has risen to $7.4 billion, an increase of $2 billion from when the project was first announced four years ago.
Today’s announcement combined with ongoing financial woes at Kinder
Morgan, First Nations legal challenges and continued community
opposition calls into question whether Kinder Morgan will be able to
complete the project.
Stand.earth is an environmental organization that challenges corporations and governments to treat people and the environment with respect. Formerly ForestEthics, Stand has helped keep 2 trillion barrels of oil in the ground, placed 6.4 million hectares of forest into ecosystem-based management, and shifted over $100 billion of corporate purchasing into more sustainable sources.
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