Author Topic: Profitable pipeline is now a money loser for Canadians  (Read 54 times)

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Offline Squidward von Squidderson

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Profitable pipeline is now a money loser for Canadians
« on: June 23, 2022, 11:15:15 am »
https://www.cbc.ca/amp/1.6497242
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The federal government now stands to lose money from its investment in the Trans Mountain pipeline, according to a new report from the Parliamentary Budget Officer.

The latest analysis, released Wednesday, shows the net present value of the pipeline is negative $600 million, leaving it worth about $1.2 billion less than the PBO's estimate in December 2020.

The new financial analysis takes into account new developments such as the budget overruns disclosed in February that peg the current cost of the Trans Mountain expansion at $21.4 billion, a 70-per-cent increase from an earlier estimate of $12.6 billion.

Federal governmentís attempt at appeasing Alberta is costing the rest of Canada a whole lot more than they originally estimated. 

$45B to buy itÖ.  And now itís operating at a loss. 

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Online wilber

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https://www.cbc.ca/amp/1.6497242
Federal governmentís attempt at appeasing Alberta is costing the rest of Canada a whole lot more than they originally estimated. 

$45B to buy itÖ.  And now itís operating at a loss.

Not operating at all yet. We'll have to wait and see. Minister Wilkinson says that instead of reducing gas taxes, Canada is working on lowering world prices by increasing to supply. He neglects to tell us how we will increase world supply with no way of getting our oil to tidewater.
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