Bill Morneau to provide update on talks with Kinder Morgan over Trans Mountain pipeline project

Finance Minister Bill Morneau will provide an update Wednesday on the status of his talks with Kinder Morgan to expedite the Trans Mountain pipeline expansion — but he is not expected to announce a deal.

Rather, Morneau is expected to articulate the broad strokes of how Ottawa sees a deal coming together — setting forth the federal Liberal government’s principles, values and goals that could form the basis of an eventual agreement.

Morneau had been engaged in intensive talks with Kinder Morgan officials up until Tuesday, but the two sides have yet to declare any common ground on the amount of federal money involved.

The finance minister’s very public display, which comes the day before the company’s annual meeting in Calgary, is likely to put additional pressure on the company.

READ MORE: Carr confident Ottawa will convince Kinder Morgan to proceed on Trans Mountain pipeline project

Watch below: Some videos from Global News’ ongoing coverage of the controversy surrounding the Trans Mountain pipeline expansion project.

1:11 NDP pushes Liberals to admit Trans Mountain approval ‘deeply flawed’

• NDP pushes Liberals to admit Trans Mountain approval ‘deeply flawed’
• Alberta plans nation-wide Trans Mountain campaign
• Ottawa to intervene in B.C. government Trans Mountain court case
• McKenna comments on Ottawa intervention in Trans Mountain pipeline court case
• New poll shows growing support for Trans Mountain pipeline
• Most Canadians think Trans Mountain pipeline expansion project should be built: poll
• New Trans Mountain pipeline poll
• New poll on Kinder Morgan Trans Mountain pipeline expansion
• Edmonton Chamber of Commerce pushes feds to get Trans Mountain pipeline expansion built
• Could ‘Free the Beer’ decision be applied to Trans Mountain? This lawyer doesn’t think so
• Support for Trans Mountain expansion grows amidst pipeline dispute
• ‘Uncertainty’ surrounding B.C.’s legal opposition to Trans Mountain holding up pipeline: Jim Carr
• Support for Trans Mountain pipeline growing in B.C.: poll
• Greenpeace builds ‘Crudeau’ pipeline around Canada House in Trans Mountain protest
• Trans Mountain pipeline battle heats up again
• Minister argues Trans Mountain has policies opposition should agree with during emergency debate
• Alberta taking ‘bold action’ amid Trans Mountain pipeline dispute with B.C.
• Alberta’s Notley speaks about ‘frank discussion’ on Trans Mountain pipeline
• Trudeau blames B.C. government for Trans Mountain pipeline construction uncertainty

Previous Video

Next Video

Amid mounting opposition from the B.C. government, environmental groups and protesters, not to mention skittish investors, Kinder Morgan halted all non-essential spending on its $7.4-billion plan to double an existing pipeline between Edmonton and Burnaby, B.C., and gave Ottawa until the end of May to broker some calm.

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

Sign up for weekly money newsletter Sign Up

By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

Earlier Tuesday, before Morneau’s news conference — scheduled for 9 a.m. ET — was announced, Trudeau was in Calgary, trying to convince skeptical Albertans to believe his latest mantra: that the pipeline will be built.

“Let’s be honest about these things. I don’t think there is anything that I can say that would reassure some of my critics who have such little faith in my government getting anything done for Alberta,” he said.

“I don’t think there’s any magic phrase I can say that will have critics and skeptics put down their criticism and say, ‘You know what? The prime minister reassured me today.”’

Tweet This Click to share quote on Twitter: "I don't think there's any magic phrase I can say that will have critics and skeptics put down their criticism and say, 'You know what? The prime minister reassured me today."'

READ MORE: Trudeau grilled on Kinder Morgan as pipeline project’s deadline looms

Watch below: On Tuesday, Prime Minister Justin Trudeau spoke about the Trans Mountain pipeline while visiting Alberta.

2:45 PM Trudeau says approach to Kinder Morgan pipeline will be good for environment and for economy

As Trudeau spoke, a small group of protesters were heard shouting, “Build KM” and “Build that pipe.”

Morneau’s talks with Kinder Morgan had their genesis a month ago, when Trudeau promised to deploy both financial and legislative tools to ensure the disputed expansion is able to proceed.

During a remarkable eight-hour stopover in the national capital, an unscheduled break from a busy overseas travel itinerary, Trudeau convened a summit in Ottawa with B.C.’s John Horgan, who has staked his government’s survival on opposing the pipeline, and Alberta Premier Rachel Notley, whose province’s economic health depends on it.

Trudeau instructed Morneau to sit down with Kinder Morgan to find a financial solution that would soothe their investors. He also promised legislation that would reaffirm Ottawa’s authority to press ahead with a development deemed to be in Canada’s national interest.

READ MORE: Trudeau insists B.C. government has no authority to block Trans Mountain pipeline project

Watch below: On April 15, Prime Minister Justin Trudeau spoke to reporters after meeting with Alberta Premier Rachel Notley and B.C. Premier John Horgan.

0:50 Trudeau says he has jurisdiction to build Trans Mountain pipeline

The Liberal government position is that it approved the project in 2016 after a rejigged environmental assessment and Indigenous consultation process, and in concert with the its climate change and oceans protection plan. Approval came in consultation with the previous B.C. Liberal government, which gave its consent to the project after its own conditions were met.

Horgan’s election last year changed that. His minority government exists at the pleasure of the Green party, and on condition of his continued opposition to the project.