Finance Minister Chrystia Freeland announced a freeze on public funding for the TMX project in February. | Hector Vivas/Getty ImagesOTTAWA, Ont. — Trudeau Cabinet ministers recently approved a special C$10 billion loan guarantee to entice investment in the government-owned Trans Mountain pipeline expansion project.
Pipelines have become easy targets in Canada, a major oil-producing country with net-zero ambitions. The government’s ownership of Trans Mountain and its continued financing of projects risks coming off to the public as at odds with its climate ambitions. Cabinet’s approval comes more than two months after Freeland announced a halt to future public spending on the project to temper costs which have ballooned to C$21.4 billion this year from C$12.6 billion.
acoyne politico At first, I thought this was a reference to TMX Group $TSX.
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