As deadline nears, analysts doubt Kinder Morgan will get demanded ‘certainty’

With the clock ticking on Kinder Morgan’s May 31 deadline to get certainty that it can build its $7.4-billion Trans Mountain oil pipeline expansion, industry analysts doubt the company’s demands can be met.

No new suitors have emerged, at least publicly, to share the risk of the project, despite federal Finance Minister Bill Morneau’s pitch in mid-May that plenty of investors would be interested in the pipeline because of Ottawa’s promise to indemnify the project against extra costs of politically motivated delays.

Morneau had named the country’s pension funds as possible investors. And Alberta had talked earlier about taking a stake.