Kinder Morgan: Charting A US Midstream Recovery

Kinder Morgan: Charting A US Midstream Recovery

"We are not climate change deniers and we recognize the growing momentum of renewables in America's energy mix. That said, there is a long runway for the products we handle, particularly natural gas."

That's a quote from Kinder Morgan Inc (KMI) Chairman Richard Kinder, delivered during his opening statement of the midstream company's Q3 2020 earnings call this week.

Kinder went on to cite Pulitzer winner Daniel Yergin's latest book, The New Map, as affirming the continuing importance of existing oil and gas transportation and processing infrastructure. And he highlighted his company's leading positions in renewable diesel, green hydrogen, moving CO2 and providing backup supplies for wind and solar generation as pathways for growth in a long-term environment of reduced fossil fuel use.

Kinder Morgan Energy Partners LP operates pipelines