Kinder Morgan Canada wins appeal on Trans Mountain expansion

Canada's energy regulator ruled on Thursday in favor of Kinder Morgan Canada Ltd in its appeal seeking to sidestep some municipal permits needed for the company's C$7.4 billion ($5.8 billion) Trans Mountain pipeline expansion.Kinder Morgan Canada stock fell as much as 4.7 percent on Tuesday.The federally approved project has faced fierce opposition from environmentalists, aboriginal groups and some municipal governments.