The following information is from Kinder Morgan, who owns Trans Mountain Pipelines in Canada, and proposes to “twin” the pipeline running from Edmonton, AB to Vancouver, BC:
” We like to say that Kinder Morgan is a company run by shareholders for shareholders”. (http://www.arjaa.org/index.php?page_id=109)
“Kinder Morgan (http://www.kindermorgan.com/) is the largest midstream and the fourth largest energy company (based on combined enterprise value) in North America. We own an interest in or operate approximately 75,000 miles of pipelines and 180 terminals. Our publicly traded companies include Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB).
Kinder Morgan has a large footprint of diversified and strategically located assets, and we are the market leader in our core businesses. For example, we are:
- The largest natural gas pipeline and storage operator in the U.S.
- The largest independent transporter of refined petroleum products in the U.S.
- The largest independent terminal operator in the U.S.
- The largest transporter and marketer of CO2 in the U.S.
- The only oilsands pipeline serving the West Coast of Canada.
KMI owns the general partner and limited partner interests in both KMP and EPB. KMP is one of the largest publicly traded pipeline master limited partnerships in America. KMR is a limited liability company and its only significant assets are the partnership units it owns in KMP. EPB is a publicly traded pipeline master limited partnership.
We have been executing the same strategy since KMP was formed in 1997. We operate mostly fee-based assets that are core to North American energy infrastructure. These assets generate large stable cash flows, and we distribute that cash out to our unitholders and our shareholders. We continually leverage our large footprint of assets and actively pursue expansions, joint ventures and acquisitions so that we can further increase the distributions at KMP, KMR and EPB and the dividends at KMI…”
It is interesting to note that Kinder Morgan (owner of Trans Mountain Pipelines in Canada) emphasizes that they are a company for shareholders and actively pursue expansions, joint ventures and acquisitions so that they can further increase the distribution of dividends to stockholders.
Mention of safety and responsibility is found much later in the description… No mention of working with property owners & communities who are adversely affected by their pipelines, coal shipments, and other business ventures.