News and blog

KKR-backed Coastal GasLink Pipeline project draws opposition from First Nations people, protests throughout Canada

In December, private equity firm KKR announced it was acquiring a significant equity interest in the Coastal GasLink Pipeline project in Canada. According to media reports, KKR’s investment in the project has not yet closed – it is due to close in the first half of 2020.

The project has drawn significant opposition from the Wet’suwet’en First Nations people, whose territory the pipeline would cross.

In January, the Wet’suwet’en Hereditary Chiefs issued an eviction notice to the Coastal Gaslink Pipeline company. The notice alleges that the Coastal Gaslink Pipeline company has operated on Wet’suwet’en land despite the opposition of the Hereditary Chiefs and demands that Coastal Gaslink Pipeline staff and contractors leave the territory.

Since, dozens of Wet’suwet’en people and their supporters have been arrested and solidarity protests throughout Canada have brought Canadian rail transportation to a near halt.

Protests surrounding the GasLink Pipeline project have drawn substantial media attention (see below).

The Coastal GasLink Pipeline project is the most recent of dozens of investments that KKR has made in fossil fuel production and infrastructure in recent years, including oil and gas pipeline companies, oil and gas exploration and production companies, and a coal-fired power plant. A list of recent KKR investments in fossil fuels is below.

Media coverage:

CBC News, Jan 5, 2020: “Hereditary First Nation chiefs issue eviction notice to Coastal GasLink contractors”

Vancouver Sun, Jan 5, 2020: “Coastal GasLink evicted by Wet’suwet’en clans in north central B.C.”

Vancouver Sun, Feb 3, 2020: “Unist’ot’en camp residents focus on life on the land, not protests”

The Georgia Straight, Feb 6, 2020: “As RCMP begin arrests, Gidimt’en spokesperson Molly Wickham issues declaration on Wet’suwet’en rights”

Vice, Feb 21, 2020: “Everything You Need to Know About the Pipeline Crisis In Canada”

Calgary Herald, Feb 23, 2020: “Coastal GasLink pipeline segment faces delay amid Indigenous protests”

Washington Post, Feb 18, 2020: “Why protesters are shutting down Canada’s rail service”

Recent KKR Investments in Fossil Fuels:

Company Type Description Acquired Location(s)
Coastal Gaslink Pipeline Midstream 670 kilometers pipeline project delivering natural gas across Northern British Columbia. Dec-19 Canada
Abu Dhabi National Oil Company pipelines Midstream 18 pipelines transporting crude oil and condensates Jun-19 Abu Dhabi
Spur Energy Partners Upstream Operator of an oil and gas assets company. May-19 New Mexico
Williston Basin Oil and Gas Assets Upstream Producing and undeveloped oil and gas assets in the Williston Basin May-19 Montana
SemCAMS Midstream Midstream Operator of natural gas processing plants in Canada. Jan-19 Canada
Discovery Midstream Partners Midstream Operator of a full-service midstream oil and gas company. Jul-18 Texas
Joulon Services The company provides individual products and integrated end to end asset management services to the oil and gas industry in United Arab Emirates and worldwide. Dec-17 United Arab Emirates
NextEra Energy Partners Midstream, renewable NextEra Energy Partners LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. Sep-17 North America
Covey Park Energy Upstream Operator and explorer of oil and gas reserves. Feb-17 ArkLaTex, Permian and MidContinent regions
Venado Oil & Gas Upstream Operator of oil and gas exploration company in the United States. Oct-16 Texas
Trans European Oil & Gas Upstream Developer and operator of oil and gas properties. Nov-15 Europe
Monterra Energy Midstream Developer and builder of midstream infrastructure. May-15 Texas
Mandala Energy Upstream Operator of an oil and gas exploration and production company in Singapore. Mar-15 Southeast Asia
Montage Resources Upstream Exploration and production company Feb-15 Ohio, Pennsylvania, West Virginia
Veresen Midstream Midstream The company offers transportation, processing and logistic services for natural gas resources. Dec-14 British Columbia
OEG Offshore Services Provider of offshore cargo carrying units and equipment for the oil and gas industry. Jul-14
Longview Power Power generation Operator of a coal-powered energy generation unit. Mar-14 Pennsylvania
Fleur de Lis Energy Upstream Fleur de Lis Energy is a private energy firm that engages in the acquisition, exploitation and production of conventional and unconventional oil and gas assets in North America. Mar-14 North America
Torq Energy Logistics Midstream Operator of transloading terminals in Canada. Dec-13 Canada
FlowStream Commodities Upstream Developer of oil and gas streams. Oct-13
EXCO Resources Upstream EXCO Resources Inc is an oil and gas exploration and production company. Jul-13 Texas, Louisiana, and the Appalachian region
Haymaker Minerals & Royalties Upstream Operator of oil and gas wells. The company primarily focuses on purchasing minerals and royalties from all types of mineral owners. May-13
Westbrick Energy Upstream Provider energy exploration services. Nov-12 Canada
Acteon Group Services Provider of subsea services to the offshore oil and gas industry. Oct-12
Comstock Resources Upstream Comstock Resources Inc is engaged in the acquisition, development, production, and exploration of oil and natural gas. Jul-12 Texas
Portfolio of oil and gas properties in Texas, Miississippi and Louisiana Upstream Feb-12 Texas, Miississippi and Louisiana
Samson Resources Upstream Provider of oil and natural gas services intended to explore, develop and produce oil and natural gas from properties located onshore in the United States. Dec-11 Williston, Powder River, Greater Green River, San Juan, Anadarko and East Texas basins
Premier Natural Resources Upstream Nov-10 Texas

Sign up to our newsletter to receive news and updates from PESP

Click here