Canada's purchase of Trans Mountain faces at least one more hurdle: Donald Trump
Brennan MacDonald, Vassy Kapelos · CBC News
http://www.cbc.ca/news/politics/trump-trans-mountain-security-review-1.4761521
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The federal government's plan to purchase Kinder Morgan's Trans Mountain pipeline and related infrastructure still faces a potential spoiler in the form of a U.S. national security review — setting up the possibility that U.S. President Donald Trump could veto the deal.
According to the purchase agreement, obtained by CBC News, the completion of the deal is contingent in part on getting clearance from the Committee on Foreign Investments in the United States, a U.S. inter-agency committee chaired by Trump's Treasury Secretary Steven Mnuchin.
The purpose of the committee, also known as the CFIUS, is to review transactions that could have an effect on the national security of the United States.
The deal is subject to a CFIUS review because the agreement includes the acquisition of the Puget Sound pipeline, a short spur line of the existing Trans Mountain system that transports Canadian crude oil from Abbotsford, British Columbia to refineries in Washington State.
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That is a little weird.
