Market Weekly: Dec 4 Dec 8 2017

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Kinder Morgan $KMI wins a favorable ruling from Canada’s energy regulator in its appeal over municipal permits for the company’s Trans Mountain pipeline expansion.

The National Energy Board says the company can proceed with Trans Mountain construction work without complying with certain bylaws from the city of Burnaby, B.C., through which the pipeline passes.

KMI had asked the NEB to intervene after it said it was unable to obtain municipal permits from Burnaby, where local officials strongly oppose the project.