Kinder Morgan Inc Threatens to Abandon Its Biggest Growth Project

Kinder Morgan's (NYSE: KMI)Canadian subsidiary, Kinder Morgan Canada Limited (TSX: KML), announced this week that it had suspended all nonessential spending on its massive Trans Mountain Pipeline expansion project, due to legal disputes surrounding the project. In the interim, the company said it would work with key stakeholders until the end of May on potential paths forward.

However, the pipeline giant made one thing clear: If it couldn't reach an agreement by that deadline, then it didn't see a scenario in which it could move forward with the project. It's an announcement that has significant ramifications for investors.