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Kinder Morgan Canada Limited (KML) has disclosed that it is exposed to physical and transition risks related to climate change that could block the construction of the Trans Mountain Expansion pipeline, and which threaten the longer-term viability of its business model. In the opinion of Greenpeace Canada, however, not all relevant risks are disclosed.

Greenpeace Canada submits that in order to provide shareholders and potential investors with a full and accurate appreciation of the risks facing the company and its Trans Mountain Expansion Pipeline project, KML should fully disclose climate-related legal risk; and prepare a below-2 degree Celsius scenario assessment in order to provide a more comprehensive assessment of how the individual risks addressed in the annual report interact and how KML might adapt its business strategy and capital investment plans to be consistent with a low-carbon future.

Download the report [PDF]