Trans Mountain given more billion-dollar lifelines as debt costs, risks to taxpayers soar

Trans Mountain given more billion-dollar lifelines as debt costs, risks to taxpayers soar

The federal government has quietly guaranteed between $1.75 billion and $2 billion in new commercial bank loans for the Trans Mountain Corporation so it will have enough cash to complete its long-delayed and massively over budget West Coast pipeline expansion. If that money is borrowed, the project’s total cost to the government will now sit … Read more

The feds cut Trans Mountain a $1.8M tax break in the ’50s for a pipeline. A First Nation got just $2,400. It’s still fighting for redress

The feds cut Trans Mountain a .8M tax break in the ’50s for a pipeline. A First Nation got just ,400. It’s still fighting for redress

The Chief of a First Nation in British Columbia is angry and frustrated at pipeline giant Trans Mountain and the federal government, saying both have failed to fairly compensate his community for all the crude oil that’s been pumped beneath their land since the 1950s. And he’s not letting go. Seven decades ago, court records … Read more

Boissonault cites TMX, ‘energy poverty’ in carbon price carve-out furor – National

Boissonault cites TMX, ‘energy poverty’ in carbon price carve-out furor – National

Ahead of a looming vote on a Conservative motion to pause the federal carbon price on all forms of home heating, Alberta Liberal MP and Employment Minister Randy Boissonnault is defending the current policy – only pausing it for homes that use heating oil. He says the decision reflects both a lack of options for … Read more