Higher costs should kill Trans Mountain pipeline, opposition says

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The federal government bought the existing oil pipeline between Alberta and the B.C. coast, and an unfinished plan to twin it, for $4.5 billion in 2018

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. The latest tally says the total cost to complete the twinning project will be $12.6 billion, much higher than a previous $7.4-billion estimate.

Some of those hurdles have since been cleared and the government says it intends to sell the completed pipeline at a profit once it’s done, reinvesting the proceeds into fighting climate change. Trans Mountain Corp., the federally owned company handling the project, has spent $2.5 billion to manage the impacts of delays and the resulting additional regulatory process. An additional $8.4 billion in expected expenses remain to complete the project, as well as $1.7 billion in finance charges.

But also according to Nanos, just 17 per cent of respondents said the government should cancel the twinning and write off the sunk costs. Forty per cent said it should sell the pipeline for whatever it can get now; 33 per cent said the project should continue with public money. Nanos said the poll, conducted between Jan. 27 and 29, has a margin of error of 3.1 percentage points, 19 times out of 20.According to Bonin, of Greenpeace, “it is very clear that this project will have no buyer.” He asked that the government stop the project.

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Revival later. The energy sector can't do without it🏴󠁧󠁢󠁷󠁬󠁳󠁿🇨🇦

What Blanchet says is of no interest to me. The Bloc Québécois only runs candidates in Québec. Therefore, its opinion on any national issue should be of no interest to anyone outside Quebec. As for Bucky and her 'activists', you are never of any interest to anyone.

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Maybe if they didn’t oppose it in the first place, it would have got built using private money.

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