Bloc Québécois MP Monique Pauzé blasted the federal government in question period after a report forecasted roughly $17 billion of Trans Mountain’s public debt will be forgiven.
Finance Canada won’t confirm whether it will consider forgiving Trans Mountain’s massive public debts at the expense of taxpayers, despite ample indications that loan forgiveness is inevitable.
Trans Mountain will not have to come up with an additional $1.1 billion to cover the cleanup costs of possible oil spills from its expansion project, the Canada Energy Regulator has decided.
Pausing Trans Mountain pipeline construction at a Hope, B.C., river crossing would have only increased the risk to salmon later, as they arrive in greater numbers in late August and into September, the Department of Fisheries and Oceans (DFO) told Canada’s National Observer.
Environmentalists are calling on Fisheries and Oceans Canada (DFO) to halt pipeline construction in Hope, B.C., after dead salmon were found at Trans Mountain’s worksite on the Coquihalla River last weekend.
Secret reports the federal government is relying on to argue the Trans Mountain pipeline expansion is commercially viable are based on the unrealistic assumption the pipeline will operate for 100 years, Canada’s financial watchdog told Canada’s National Observer.
When Trans Mountain's new pipeline and facilities are ready to operate, the company says "a slight increase" to its $1-billion liabilities plan for the existing pipeline will be sufficient to cover the risk of an oil spill on either the current line or its new counterpart.
MPs fired scathing remarks at Finance Minister Chrystia Freeland on Thursday over the federal government’s decision to put $10 billion in taxpayer dollars on the line to finance the Trans Mountain pipeline expansion project.
Finance Canada has helped Trans Mountain secure $10 billion in new financing to complete construction of the controversial pipeline by promising investors that if the Crown corporation can’t pay back the loans, the public will.
Lloyd’s of London syndicate Aspen Insurance announced April 21 it will cut ties with Trans Mountain when its insurance policy expires this summer, making it the 17th company to do so.
Canada’s financial watchdog says the federal government is “very unlikely” to recoup its $4.5-billion investment in the Trans Mountain pipeline now that the project’s costs have soared by 70 per cent.
Extreme weather fuelled by climate breakdown is exposing the vulnerability of key infrastructure in British Columbia and is reviving questions among environmentalists and residents about building the Trans Mountain expansion pipeline.
The costs of the Trans Mountain expansion project continue to soar, but with the company behind it increasingly opaque since Ottawa bought the pipeline, it’s difficult to say by how much, according to a new report from West Coast Environmental Law.