Canada's purchase of Trans Mountain clears major U.S. hurdle

Discussion in 'Canada' started by Disir, Aug 18, 2018.

  1. Disir
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    Disir Gold Member

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    A U.S. national security review has given a green light to the Canadian government's planned purchase of Kinder Morgan's Trans Mountain pipeline project, moving the transaction one step closer to completion.

    In July, CBC News reported that the deal was contingent in part on getting clearance from the Committee on Foreign Investments in the United States, also known as CFIUS.

    The deal was subject to a CFIUS review because the purchase agreement includes the acquisition of the Puget Sound pipeline, a short spur line off the Trans Mountain system that transports Canadian crude oil from Abbotsford, B.C., to refineries in Washington state.
    Canada's purchase of Trans Mountain receives all regulatory approvals | CBC News

    Of which everyone was afraid that Trump would have used it for leverage.
     

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