British Columbia Premier Christy Clark barely held on in the province’s May 9 election, but her BC Liberal Party’s loss of a majority in the provincial legislature could have troubling consequences for Kinder Morgan Inc.’s (NYSE: KMI) $7.4 billion Trans Mountain Expansion Project.

Clark, backed by $546,000 in campaign contributions from Kinder, supports the project, and her fellow Liberals have backed energy projects in general. John Horgan, leader of the New Democratic Party (NDP) that claimed 41 seats to the Liberals’ 43, promised during the campaign to kill the Trans Mountain project and has demanded that Petronas choose a different site than Vancouver for its NGL export terminal.

Canadian Prime Minister Justin Trudeau’s government gave final approval to Trans Mountain in November and the NDP may find it legally challenging to halt the project at this point, even if it aligns with the Green Party, which tripled its presence in the legislature by winning three seats.

Andrew Weaver, leader of the Green Party, has said the pipeline has “no place on our coast.”

The 714-mile Trans Mountain Pipeline was completed in 1953 and connects Strathcona County, near Edmonton, Alberta, and Burnaby, B.C. The 609-mile expansion will increase the system’s capacity from 300,000 barrels per day (Mbbl/d) to 890 Mbbl/d and includes the construction of 12 pumping stations and 19 storage tanks in Burnaby and Edmonton.

The NDP and Green Party oppose the pipeline expansion for environmental reasons, including opposition to the resulting increase in tanker traffic into Vancouver that would put orcas at risk.

Kinder Morgan filed for an IPO of shares in Kinder Morgan Canada Ltd. on May 10 to raise about $1.28 billion. The assets offered will include Trans Mountain and confirm that the company has rejected a sale to suitors such as ArcLight Capital Partners.

The shares will be listed on the Toronto Stock Exchange. Kinder Morgan will retain a 77% interest in Kinder Morgan Canada.

Kinder Morgan’s stock price rose about 17% in the last year. The price showed little movement the day after the British Columbia election despite fears that it could crash if the Liberals did not hold onto power. The company’s market capitalization is about $44.3 billion.

Joseph Markman can be reached at jmarkman@hartenergy.com and @JHMarkman.