Canada is likely to buy Kinder Morgan Canada Ltd.’s Trans Mountain oil pipeline and its controversial expansion project in a bid to ensure it
gets built amid fierce opposition, according to a person familiar with the talks.
Buying the pipeline outright has become increasingly likely and is now the most probable option for the Canadian government, the person said, speaking on condition of anonymity because the discussions are private. The deal, a value for which hasn’t been publicly reported, will be announced as soon as Tuesday when Prime Minister Justin Trudeau’s cabinet meets in Ottawa.
“We are going to get that pipeline built,” Trudeau said Tuesday morning heading in to the meeting.
A purchase would mark a stunning development for Trudeau’s government -- effectively nationalizing the country’s highest-profile infrastructure project until an operator can be found.
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