It’s somewhat ironic that the NDP are criticizing a government agency for losing money, but maybe that’s just a bug in their code, not a feature. I’m sure they’ll correct the error soon.
Trans Mountain Corporation CEO Mark Maki said the Trans Mountain pipeline expansion was “worth the cost” in a Monday appearance in Ottawa, even with the inflated price tag of $34 billion.
NDP MP Charlie Angus said he couldn’t square the pipeline’s high purported resale value with the fact that it’s currently selling product at a loss to attract customers.
Angus speculated that the federal government was using a subsidiary “shell company”, TMP Finance Ltd., to hide the project’s losses.
And when is someone that perpetrated this fraud going to jail for the mandatory minimum? Never. And then they wonder why people become vigilantes.
Highway of Losses:
407 sold for $3.1 billion ($4.4 billion adjusted for inflation) – currently worth $30 billion
Guess the party?
Mike Harris and the Conservative Party of Ontario and yes, it was a stupid decision.
The Spawn nationalized Trans Mountain because no private sector owner would entertain a project that died at the approval stage, was up against the communists in Victoria, the BC grievance industry, the SCOC, the US funded ENGOs with their paid brown-shirt activists, and approval conditions that locked-in impact-free and risk-free construction imperatives. Comrade Angus is as responsible for the high cost as all of the above.
Good point. Words matter.
Well put John…100% bang on.
The greatest thing about running a Crown Corp is that profit and loss are irrelevant. Pushing government mandates is your purpose.
Charlie Angus supported everything the Turd did. He may have tweeted differently, but when it came to a vote, Angus voted with the Turd.
I suspect Charlie Angus will be quite happy to see the pipeline sold to Indigenous interests (using Canadian taxpayer money to complete the transaction) who will have oil producers over a barrel. We lucky citizens get to pay for this project over and over again.