Just a couple of days ahead of Kinder Morgan’s annual meeting in Houston, SumOfUs is mounting a petition campaign to raise investors’ awareness of the opposition to the company’s controversial Trans Mountain pipeline.
“If the Trans Mountain pipeline is built, it will pump a whopping 890,000 barrels a day of crude oil from the Canadian tar sands to the Pacific Ocean, where it would be loaded onto hundreds of mega tankers and shipped overseas,” writes organizer Angus Wong in a May 5 petition appeal. “And the 500-person Tsleil-Waututh Nation—an Indigenous community based on British Columbia’s west coast—is standing in its way, with unwavering opposition and legal rights that could stop this project in its tracks.”
Last week, SumOfUs and the Tsleil-Waututh travelled to New York City, meeting with Wall Street investors who hold 10% of Kinder Morgan’s shares. “They’d been getting their information from slick investor relations material and didn’t have any idea of the true cost of this pipeline or the strength of opposition to it. This week’s AGM is a key moment to let shareholders now that this pipeline is a risky investment, and to let Kinder Morgan know that it will never get built.”