Finance Canada won’t confirm whether it will consider forgiving Trans Mountain’s massive public debts at the expense of taxpayers, despite ample indications that loan forgiveness is inevitable.
Extreme weather fuelled by climate breakdown is exposing the vulnerability of key infrastructure in British Columbia and is reviving questions among environmentalists and residents about building the Trans Mountain expansion pipeline.
The costs of the Trans Mountain expansion project continue to soar, but with the company behind it increasingly opaque since Ottawa bought the pipeline, it’s difficult to say by how much, according to a new report from West Coast Environmental Law.
Nearly two dozen environmental and Indigenous organizations have signed an open letter calling on Trans Mountain insurers to drop the pipeline, warning the CEOs of major insurance companies that pressure will continue to mount until they do.
The Canada Energy Regulator accepted Trans Mountain's allegations without demanding proof. But when it came to Tsleil-Waututh Nation's arguments, the regulator said it was unconvinced.
The expansion of the Trans Mountain pipeline will stretch hundreds miles and is fiercely opposed by numerous groups — but despite repeated calls, the Canadian government has not forced the pipeline to reveal its insurers.
