Moody’s Expected Cancellation of Kinder Morgan’s Trans Mountain Loan

Rainforest action network protests kinder Morgan pipeline

Rainforest action network protests kinder Morgan pipelineTo begin, Rainforest Action Network responds to Moody’s Investors Service. This is about or due to the Trans Mountain Oil pipeline debt to start.

Moody’s saying it “expect[s]” that Kinder Morgan’s C$5.5 billion Trans Mountain loan package “will be cancelled”. This in the wake of the Canadian government’s decision to buy the pipeline for C$4.5 billion.

Second, on January 30, 2018, the B.C. government proposed a restriction on increases to the amount of diluted bitumen imported into the province from Alberta.  Thirdly, this restriction is until completing those studies on whether potential spillage could be mitigated. Fourth, said province also announced an intent to consult with local communities and First Nations.  That process definitely takes forever and a day.

Background Note and In concluding:

TD Securities is serving as financial adviser to Kinder Morgan Inc. Also, more important, Scotiabank and Greenhill & Co Inc. are serving as financial advisers to Canada. All these powerhouses are in regarding the Canada buying the Trans Mountain pipeline.

Finally and also, Kinder Morgan Trans Mountain Pipeline System is further aka Trans Mountain Pipeline.  It is a pipeline carrying crude and refined oil from Alberta to the west coast of British Columbia, Canada. In addition, it’s a wholly owned by the Canadian division of Kinder Morgan Energy Partners (Kinder Morgan). It’s been in use since 1953. Concluding, It is the only pipeline to run between these two areas.[1]

Source: Bloomberg Finance L.P.

Published by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

This site is protected by