Caisse de dépôt reveals stake in Kinder Morgan: Reuters
Caisse de dépôt et placement du Québec held a 7.8 percent stake in Kinder Morgan Canada Ltd at the end of last year, according to its annual report, making it the largest independent shareholder of the pipeline company at the centre of a contentious expansion project, Reuters reported. The Caisse said it acquired the stake in the period following Kinder Morgan Canada’s initial public offering last May and before it announced plans to reduce its carbon footprint by 25 percent per dollar invested last October. Kinder Morgan is at the centre of an escalating crisis over a planned $7.4 billion Trans Mountain oil pipeline project that will almost triple the capacity of its line from Alberta to British Columbia.
19 April 2018•2 mins read
