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Stock impact report

Kinder Morgan resumes work on Canadian pipeline expansion [Reuters]

KINDER MORGAN ENERGY PARTNERS (KMP) 
Company Research Source: Reuters
VANCOUVERNov 21 (Reuters) - Kinder Morgan Energy Partners said on Friday that crews have resumed survey workrelated to its Trans Mountain pipeline expansion project in theVancouver suburb of Burnaby, even as Canadian police arrestedmore protesters at two work sites.Kinder Morgan said it was able to move its equipment ontoBurnaby Mountain overnight and that crews would be working 24hours a day for the next 10 to 12 days to complete drilling workrequired by regulators.The company, which hopes to nearly triple the capacity ofthe existing 300,000 barrel-per-day pipeline, plans to bore twoholes deep into the mountain to test if it can run the expandedline under the conservation site, which is a popular hiking andpicnic area for locals.Environmentalists, aboriginal groups and many area residentsare opposed to the expansion, which would allow the company toship more tar sands crude from Alberta to a port in Vancouverand on to Asian markets.A group of protesters, who call themselves the caret Show less Read more
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