justin: The Trans Mountain extension project, which Prime Minister Justin Trudeau's government bought for 4.5 billion, suffered a major setback last week after a Canadian court nullified its approval, according to The Toronto Star. Jonathan Hayward / THE CANADIAN PRESS The Trans Mountain extension project, which Prime Minister Justin Trudeau's government bought for 4.5 billion, suffered a major setback last week after a Canadian court nullified its approval. The board also voted to approve a plan for a reverse stock split of the restricted voting shares and special voting shares on a one-for-three basis, the unit of Houston-based Kinder Morgan Inc. said in a statement Tuesday. The line, which takes crude from the oilsands to the country's Pacific Coast, faces strong opposition in British Columbia, the province it crosses to reach the shore. The proposals will be voted on at a special shareholder meeting during the fourth quarter of this year. The payment to holders of restricted voting shares will take place Jan. 3, with the reverse stock split to follow, if the plan is approved.
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