An environmental law group alleges the pipeline project will owe taxpayers $17 billion by the end of next year. Read on
A 70 per cent rise in the cost to expand the sole oil pipeline running from Alberta to the Pacific Coast increased the project’s debt burden to $25.8 billion, West Coast Environmental Law said in a report written by economist Robyn Allan and released Thursday.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Prime Minister Justin Trudeau’s government has said it intends to sell Trans Mountain, and a number of Indigenous groups are pursuing an ownership stake. It isn’t clear when a deal might get done. Allan’s report says that by the end of next year, the company will owe taxpayers $17 billion, and the government has guaranteed another $10 billion in bank debt for Trans Mountain.Article content
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thunder Bay's traffic signal boxes become works of artRead the full story and comment on Tbnewswatch.com
Read more »
Flu vaccine has arrived in Thunder BayRead the full story and comment on Tbnewswatch.com
Read more »
Meet the candidates (Westfort): David TommasiniRead the full story and comment on Tbnewswatch.com
Read more »