$35B could have built some nice transit infrastructure. Just saying
Of course it will!!!
We’re at a point in history where we will be reducing our dependence of oil!!
We signed the fucking Paris agreement on climate action! What the fuck were they expecting??
Buncha morons.
At least everyone in Alberta will vote for Trudeau now, though.
LOL, albertans think Trudeau stopped the pipeline.
Now Poilievre is going to complain about Trudeau financing the pipeline and they’ll eat it all up even though the pipeline is what they wanted in the first place.
Yep. He only did it to make them happy.
We really should learn that’s impossible.
In the meantime, CBC: Canada could lead the world in oil production growth in 2024.
Fucking hell …
Pretty much, yeah :(
I always thought of it as a welfare program for the oil pipeline workers.
All done for Alberta which still complains about literally fucking everything
I live in Alberta and life is really good here. I wonder why so many people here are so quick to complain about anything.
We complain about going net zero, but many if not most companies are going net zero already, even though the provincial governments acts like it’s impossible. The reason is because foreign investors aren’t investing in pollution anymore. It’s no longer profitable and it’s a stain on any companies image/brand.
I work in the midstream and we’ll be net zero in 2-3 years while our government is spending money like crazy trying to fight any change.
It’s frustrating to say the least but ideally Canadians know Albertans aren’t some homogenous group and some of us actually give a fuck.
Sure, it’s like the old joke about lawyers: it’s 90% who make the other 10% look bad.
I wonder why so many people here are so quick to complain about anything.
It’s really just because complaining feels good. It’s cathartic. It’s kind of addictive. Plus, when you really don’t have anything to complain about, complaining anyway is a surefire way to distract from the fact that you’re bathed in privilege while other people are going cold and hungry.
I work in the midstream and we’ll be net zero in 2-3 years while our government is spending money like crazy trying to fight any change.
They’re not trying to fight anything, except the Liberals. It just looks good to their base, and to Albertans generally, to be a giant pain in Ottawa’s side whenever a right-wing troll isn’t in the PMO.
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Preferably before the oil runs dry.
I’m thinking more of a vactube system like Futurama.
You’re still going to want that tube greased up real good if you’re going to be zipping around at speed in a vactube.
Not with tar sands oil. :'D
Quelle surprise.
Although with the amount of new coal plants coming online, maybe there is still time to cash in on other carbon intensive fuels.
Trudeau bought this to please Alberta and Manitoba, but he didnt squeeze a single vote out of it. Also, wasn’t ir 38 billions overall?
This is the best summary I could come up with:
The federal government plans to sell Trans Mountain once a long-delayed expansion to nearly triple the flow of crude from Alberta to Canada’s Pacific Coast is completed early next year.
The sale, however, has seen muted interest from other pipeline operators due to higher financing costs, while long-term investors like the pension funds are likely to steer clear on concerns about exposure to fossil fuel assets, analysts said.
Prime Minister Justin Trudeau’s Liberal government bought Trans Mountain in 2018 for C$4.5 billion to rescue the expansion project, which has struggled with years of regulatory delay and massive cost overruns.
Trans Mountain Corp (TMC) CEO Dawn Farrell told local media last week the sale could wrap up by early 2025, just as Canada heads into a federal election.
The vast majority of Trans Mountain’s long-term value will be determined by tolls that are still not finalised, said Stifel Canada analyst Michael Dunn, adding he would be “surprised” if the government recovered its full investment in a sale.
The difficulty of building new pipelines and guaranteed tolling revenue makes Trans Mountain attractive to First Nations, said Paul Poscente, CEO of Axxcelus Capital, which advises Indigenous communities on infrastructure investments.
The original article contains 776 words, the summary contains 197 words. Saved 75%. I’m a bot and I’m open source!
A pipeline through Celeste?
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