Government Hadn: Canadian and Policy Alternatives

government hadn: Senior economist Marc Lee said that if the Canadian government hadn't bailed out' the Trans Mountain pipeline, Kinder Morgan investors may have seen losses, according to The Toronto Star. Jonathan Hayward / The Canadian Press But if the government hadn't stepped in, said Canadian Centre for Policy Alternatives senior economist Marc Lee, the ruling that the project failed to adequately consult with First Nations may have spelled major losses for investors. Investors in Kinder Morgan, the Texas-based company that agreed to sell the pipeline project to Canada, are set to rake in about 1.2 billion from the federal government's bailout, a payout that will be unaffected by the court decision. It's a reminder, he said, that investments in oil are susceptible to political movements including measures governments may take to put climate change at bay. Article Continued Below Read more Greens call for new made-in-B.C.' environmental assessment of Trans Mountain project Opinion Thomas Walkom Justin Trudeau's flawed climate-change plan takes another hit Opinion Chantal H bert Trans Mountain defeat threatens Justin Trudeau's re-election story But that may not always be the case, and in the meantime, investment portfolios that exclude fossil fuels don't seem to be at a disadvantage. react-empty 145 Vancouver-based Genus Capital last week reported that its fossil-fuel-free investment portfolio yielded annual returns about two points higher than its benchmark since 2013. Up until now, the investment community has basically been making the bet that we're not going to meet the Paris Accord, Lee said in an interview with the Star. (news.financializer.com). As reported in the news.