The Trans Mountain pipeline expansion is a disaster for everyone but Alberta
Danielle Smith
He accused Mr. Trudeau of wanting to break up the country. He said Albertans were sick of the “abuse” and “disgusted” and “horrified” by the “continued attack on the very way of life we live.” There is one story people like Ms. Smith and Mr. Nixon don’t talk about: the Trans Mountain pipeline expansion. That would be the same project Mr. Trudeau rescued in 2018 after the original owners, Kinder Morgan, decided they wanted no part of it. Rather than see the undertaking get mothballed, the Prime Minister stepped in and rescued it from imminent death, despite the deep reservations of many in his own government, not to mention broad swaths of the country itself.
It’s hard to envision Ottawa ever recouping its investment. Companies with locked-in contracts to ship oil through the pipeline are protected from any overruns. In other words, those costs can’t be passed along to the users. In, the Parliamentary Budget Officer concluded that the pipeline would not be profitable at a construction cost of $21.4-billion – a number long since passed.
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