Canada minister eyes pension funds for Kinder Morgan project
TORONTO/WINNIPEG, Manitoba (Reuters) - Canada’s Finance Minister Bill Morneau on Thursday highlighted the country’s pension funds as possible investors in Kinder Morgan Inc’s (KMI.N) pipeline expansion, but industry sources were skeptical about attracting new investors. Morneau on Wednesday raised the prospect of foreign funding, saying “plenty of investors would be interested” if Kinder Morgan Canada (KML.TO) walked away from the project. “We have very sophisticated Canadian pension funds and institutional investors that have a high level of understanding of how you embark on infrastructure projects and a great deal of experience around the world in bringing those projects to completion,” Morneau told Reuters in an interview. Kinder Morgan has set a May 31 deadline for Ottawa to provide assurances it can proceed with the expansion that will more than double the capacity of its Trans Mountain line from Alberta to British Columbia.