Feds fail to find new buyer for Trans Mountain pipeline by deadline
(WorldNews Canada)

OTTAWA — The federal government is set to become the official owner of the Trans Mountain pipeline expansion after failing to quickly flip the project to another private-sector buyer. Pipeline owner Kinder Morgan had been working with the government to identify another buyer before July 22. But with that date set to pass without a deal, it was expected the pipeline company will now take Ottawa’s $4.5-billion offer to purchase the project to its shareholders. Pending their approval, the sale, which includes the existing pipeline, the pumping stations and rights of way, and the Westridge marine...