China downplays political impact of global development push

BEIJING — China is downplaying the political implications of its global development campaign known as the Belt and Road initiative, saying that it aims to boost multilateralism amid protectionist trends in the U.S. and elsewhere.Foreign Minister Wang Yi said Friday that a meeting to promote the initiative next week in Beijing would draw leaders from 37 countries, underscoring heavy demand for Chinese investment.Chinese President Xi Jinping, who has made the initiative a signature policy, agreed last month to seek fairer international trade rules and address the world’s economic and security challenges, in what appeared to many as a rebuke to President Donald Trump’s protectionist policies.The initiative aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.The Associated Press read more

Kinder Morgan files documents for Trans Mountain 54B pipeline extension public review

VANCOUVER — Kinder Morgan Canada has filed its long-anticipated application to the National Energy Board to expand its Trans Mountain pipeline from Edmonton to the British Columbia coast.President Ian Anderson says the application addresses issues previously identified by the national regulator, including environmental, social and economic impacts, as well as aboriginal engagement and public consultation.The $5.4-billion project will now undergo a public review.If approved, the pipeline could be operational by late 2017.Kinder Morgan says 13 companies have already signed firm contracts for the pipeline that could ship up to 890,000 barrels per day from Edmonton to the company’s marine terminal in Burnaby.Though the Trans Mountain line has been in operation for 60 years, much of the project will involve construction of completely new pipeline along a different route and the project already faces opposition from environmental groups, some First Nations and several Metro Vancouver councils. read more