Finance Minister Bill Morneau will update the nation on his effort to save the controversial Trans Mountain expansion project Wednesday morning.

A media advisory was sent late Tuesday, stating Morneau will "update Canadians on the ongoing discussions" regarding Kinder Morgan Canada's controversial $7.4-billion pipeline proposal at 9 a.m. ET in Ottawa.

It's been a little more than a month since the company sent shockwaves with its announcement on April 8 that it was suspending non-essential activities and spending on the project and set a May 31 deadline to strike agreements that would allow the expansion, which has already received federal regulatory approval, to proceed.

"While we are prepared to accept the many risks traditionally presented by large construction projects, extraordinary political risks that are completely outside of our control and that could prevent completion of the project are risks to which we simply cannot expose our shareholders," said Kinder Morgan Canada Chairman and CEO Steve Kean in a press release at the time.

The Trans Mountain expansion, which is a twinning of an existing pipeline that ships diluted bitumen from Alberta to British Columbia, faces fierce opposition from the B.C. government, where Premier John Horgan has vowed to use all available tools to ensure it never gets built. 

Indeed, the province is currently seeking clarity from the B.C. Court of Appeal on whether it has the power to regulate the shipment of diluted bitumen across its border.

Morneau most recently spoke at length about the project on BNN Bloomberg, vowing in an interview on May 4 "the Trans Mountain expansion is going to happen."