Wake Up Vancouver!

    Citizens for a Better Vancouver

Cries of 'rank hypocrisy' as disclosures reveal B.C. government pension fund invests in Kinder Morgan

CALGARY — While the British Columbia government wages war against the Trans Mountain pipeline expansion, its own employees are invested in the U.S. company behind the $7.4-billion project.

The British Columbia Investment Management Corp. (BCI), which manages the pension funds for B.C.’s public sector workers, owns stakes in the Canadian oil and gas industry as well as pipeline companies Kinder Morgan Inc., Enbridge Inc. and Pembina Pipeline Corp. Houston-based Kinder Morgan’s Canadian subsidiary, Kinder Morgan Canada Ltd., is developing the Trans Mountain Expansion. Kinder Morgan owns about 70 per cent of the voting interests of the Canadian unit. BCI does not hold shares in Kinder Morgan Canada.

Full story here: http://business.financialpost.com/investing/cries-of-rank-hypocrisy-as-disclosures-reveal-b-c-government-pension-fund-invests-in-kinder-morgan

What is the new B.C. Surtax? Over 38,000 homes in Vancouver area will be impacted.

Vaughn Palmer: Weaver says new housing taxes more cash cow than crisis solver