Canadian lender Desjardins is considering backing out of its C$145 million ($113 million) commitment to Kinder Morgan Inc’s Trans Mountain pipeline expansion, two people present at a meeting with the financial institution told Reuters.
At the meeting last Thursday, Desjardins senior executives told aboriginal leaders the lender will consider their request to pull its financing for the C$7.4 billion ($6.1 billion) project, said Eugene Kung, a lawyer for the west coast Tsleil-Waututh Nation, who was at the event.
Desjardins is a minor lender for the project, but a potential pull back would go beyond an announcement in July when it temporarily suspended lending for future oil pipelines. Read More…
Latest posts by The Times Of India (see all)
- If not solar energy, what should India use - September 18, 2019
- India to invite bids from global coal miners before end of 2019: Report - September 18, 2019
- Essar to double CBM gas production to 1 mmscmd - September 18, 2019