The Canadian oil and gas sector says it is pleased the Canadian government has stepped up to resolve the festering political and constitutional dispute surrounding the Trans Mountain Expansion pipeline, but warns that the purchase of Kinder Morgan Canada’s pipeline and related infrastructure  doesn’t actually resolve any of the outstanding issues. News of Ottawa’s intention to find a private buyer for the assets within a reasonable timeframe was also welcomed by trade associations and industry insiders.

“We are pleased the pipeline will be built. It has full regulatory, legislative, financial and political backing of the highest level of government, and will ultimately be returned to the private sector where it belongs,” said Tim McMillan, CEO of the Canadian Association of Petroleum Producers.