Kinder Morgan overplaying economic benefits: SFU
Posted November 10, 2014 8:23 am.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – Kinder Morgan is being accused of overplaying the economic benefits, and downplaying the costs of its proposed Trans Mountain Pipeline Expansion.
Including the expense to clean up an oil spill after the proposed tripling of the pipeline’s capacity, Kinder Morgan pegs the cost at $300 million tops but a report from SFU’s Centre for Public Policy Research and a California-based consulting firm says in reality it would be billions of dollars.
The Centre also disputes the expansion project would create 36,000 person years of employment in BC, saying it is more like 12,000.
And for the 2,000 spin-off jobs? The report puts the number closer to 800.
It also says the main beneficiaries of an expanded Trans Mountain pipeline would be the oilsands producers over the border in Alberta.