Kinder Morgan Canada (KML) is suspending all non-essential activities and spending on the Trans Mountain Expansion Project.
They say they cannot move forward under the current circumstances.
KML will consult with various stakeholders in an effort to reach agreements by May 31 that may allow the project to proceed.
"We will be judicious in our use of shareholder funds," said Chairman and CEO Steve Kean. "In keeping with that commitment, we have determined that in the current environment, we will not put KML shareholders at risk on the remaining project spend."
The project has the support of the federal government, Alberta and Saskatchewan, but faces continued active opposition from the government of British Columbia.
"A company cannot resolve differences between governments. While we have succeeded in all legal challenges to date, a company cannot litigate its way to an in-service pipeline amidst jurisdictional differences between governments," added Kean.
"Today, KML is a very good midstream energy company, with limited debt. The uncertainty as to whether we will be able to finish what we start leads us to the conclusion that we should protect the value that KML has, rather than risking billions of dollars on an outcome that is outside of our control," Kean said.  
"To date, we have spent considerable resources bringing the project to this point and recognize the vital economic importance of the project to Canada.  Therefore, in the coming weeks we will work with stakeholders on potential ways to continue advancing the project consistent with the two principles previously stated."
Federal Natural Resources Minister Jim Carr has called on the government of British Columbia to suspend all threats of delay to the Trans Mountain expansion.
"Those are strong words, but we need more. We are calling on the federal government to act in the defence of Alberta and working people in Western Canada," said Alberta premier Rachel Notley.
Notley claimed Ottawa has stepped up to help the auto and aerospace industry, and now must act to help the energy industry.
"We call on them to act with concrete action. Federal approval of a project must be worth more than the paper it is written on."
"Never count Alberta out. This pipeline will be built."

More Local News

RCMP warn of vacation rental scam

A vacation rental scam is making its way around the area.

Local resource centre desperate for mittens

A Sturgeon County resource centre is missing a main piece of winter attire.

Drivers caught going 187 km/h and 171 km/h in area

Four drivers who were charged with excessive speeding in Strathcona County recently appeared in court.

Zero per cent tax increase for Sturgeon County residents

Residents are getting a bit of a break this year.

Chamber of Commerce anticipating growth in 2019

The Fort Saskatchewan Chamber of Commerce is ready for big things.

Changes for construction zone speed signs, lane closures

New highway construction zone requirements in Alberta were announced on Tuesday (Jan.15).

41-year-old arrested after MDMA, meth and GHB seized in Bon Accord

The Morinville RCMP executed multiple search warrants in Bon Accord recently.

Internationally-recognized poet taking residence in Sherwood Park

Mary Pinkoski is the Strathcona County Library’s writer in residence until April.

Council and 50 employees return to work in Strathcona County

More progress is being made in the restoration of the Strathcona County Community Centre.

Fort Sask Hospital helping families grieve with new CuddleCot

The Fort Saskatchewan Community Hospital continues to improve. is Westman's only source for community news and information such as weather and classifieds.

Search the Biz Guide