And who’s paying for that $9 billion stake?

The cost of the Trans Mountain Expansion pipeline has shot up another 44%, to $30.9 billion. Project managers say it’ll be finished this year (from what I hear, not so much). And yet Indigenous groups are seeking a 30% stake in the project. Where’s that money coming from?

And on the topic of pipelines, it turns out Repsol said it would be too much money to pipeline natural gas from Western Canada to Saint John, New Brunswick, modify an existing LNG import terminal to export, and ship LNG to Europe. Would that be because the pipeline would have to go through Quebec, by chance? So there really wasn’t a business case, or there wasn’t a business case because of a.) Quebec and b.) the federal government? Would this have worked under a Harper or Poilievre government?

19 Replies to “And who’s paying for that $9 billion stake?”

  1. The obvious solution is to bypass Quebec as soon as the US elects a rational government that allows pipelines to be built. That could have happened with the last US government if our PM hadn’t been taking cheap shots at the US leadership.

    1. If that government had been competent, the cheap shots wouldn’t have mattered and the pipeline would’ve been built.

      In any event, with the US becoming a one-party state, only president Polis can save the US from NIMBY/BANANA hell.

      1. Lay the pipeline along the bottom of the St. Lawrence, that is Federal jurisdiction and Quebec will have no say in it.

  2. god forbid canadians would ever do anything in the best interest of themselves and the country. Quebec needs to be put on a leash and told that they will cooperate and leaving is not an option.

  3. Who?
    Considering that 1/2 of my bonus disappeared before I got my 1/2, I know “who” is paying…..

  4. It’s high time to make the massive transfer payments to Quebec conditional on their cooperation with those provinces footing the bill.

    1. Nope.
      It is way past time to Stop Making Payment to Ottawa.
      What kind of idiots voluntarily fund those who hate them?
      And how stupid do a people have to be,to willingly remit extortive taxes to a central government openly working to destroy them.?
      Why do we continue to associate with Fools and Bandits?
      Free the West,Burn the…

  5. Energy suffers under a heavy burden luxury tax.. Everybody and their brother has their dirty finger in it.. Its spilling over into agriculture now.. I expect water and air is not far behind..

    So will I be paying the natives to drink it or piss it out?..

  6. Green theocracy has made virtually all resource mega-projects uneconomical. There actually is no business case in Canada anymore for major pipelines as the cost of economic tradeoff-free environmental restrictions have made such projects so expensive that like Trans Mountain, no private sector can afford them. IOW, the costs are socialized. When every frog and clump of moss must be transplanted, every species and interest group studied, consulted, bribed, included, protected, and every million or so spent on eliminating a temporary risk to a fish or two on every trickle crossing and when biologists and environmental monitors outnumber equipment operators, no one but government will attempt it. No contractor would consider a bid price for such open-ended cost sinkholes. Zero risk equals infinite cost. It’s also why public infrastructure in general is not replaced as it is no longer affordable to attempt. It need not be said but “Indigenous ownership” of such assets will also be just another socialized cost.

    1. Actually, I am considering doing a column on exactly what you are saying here, John.

  7. Pipeline(s) going west, to potentially service China, are being built; pipeline(s) going east, to potentially service Europe, have been stopped. Anyone else make this connection?

      1. Europe’s part of the death cult. They’re actually the founding members and we’re just along for the ride.

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