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CALGARY – Despite promises by Ottawa and Alberta to backstop the $7.4-billion Trans Mountain pipeline expansion, proponent Kinder Morgan Canada Ltd. said Wednesday the project now faces “unquantifiable risk” because of British Columbia’s increased opposition.

Kinder Morgan Inc. CEO Steve Kean said on an earnings call the company is now in discussions with Alberta and the federal government after both pledged financial support to the pipeline project that runs through B.C.

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Kean said those offers of financial assurances help to alleviate the financial risk, but the project still faces political risk from B.C.

“Most of the project and most of the investment is in British Columbia,” Kean said, adding there were still operational concerns about proceeding in B.C. even with Alberta’s and Canada’s financial support.