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VICTORIA — The Kinder Morgan Trans Mountain pipeline project cleared one of its last hurdles Wednesday, picking up both environmental and political support from the B.C. government in exchange for a share of company profits shipping more oil from Alberta to Burnaby.

Premier Christy Clark said the “unprecedented” revenue-sharing deal is worth up to $1 billion over 20 years for the provincial treasury, or between $20 million and $50 million annually, depending on Kinder Morgan’s economic performance. In return, Clark announced Kinder Morgan had satisfied the last of her five conditions for support — a so-called “fair share” of the $6.8-billion pipeline’s economic benefits.

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“The project has met the five conditions,” she told reporters at the legislature, indicating the other four had been met by the federal government.

Clark said the money will be earmarked for a new B.C. Clean Communities program, to provide grants to local community groups for things like stream rehabilitation, beach cleanup, park purchases and recycling programs.