trending Market Intelligence /marketintelligence/en/news-insights/trending/e1yd-k8k97924ts2_e0mcg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Asset manager Brookfield may consider investing in Trans Mountain

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour


Report: Asset manager Brookfield may consider investing in Trans Mountain

The Canadian asset manager Brookfield Asset Management Inc. would consider an investment in Kinder Morgan Inc.'s Trans Mountain pipeline system and expansion project if it "makes sense," Bloomberg News reported June 15.

"If there's something that makes sense for us, given everything that has gone on, we'll consider it," said Bruce Flatt, CEO of Brookfield, in an interview with Bloomberg at the company's annual general meeting held on the same day.

The Canadian government in May agreed to acquire the Trans Mountain pipeline system and expansion project for C$4.5 billion after Kinder Morgan halted shareholder investment on the project. The investment bank Greenhill & Co. Inc., Ottawa's financial advisers, already started marketing Trans Mountain to potential buyers such as pipeline companies, pension funds and asset managers, Bloomberg reported, citing "people familiar with the matter."

Out of all the potential buyers, a Canadian-led consortium is most likely to strike a deal with the federal government to buy Trans Mountain, the sources said.