Trans Mountain

Tremendous pressure will be brought to bear on the prime minister to abandon climate policies and boost fossil fuel production. It will be up to him to learn the lessons from the Trudeau era to avoid falling into political traps, experts say.

Opposition parties are calling for “full transparency” from the federal government about its financial commitments to the Trans Mountain expansion project, following revelations of a $20-billion refinancing loan offered to the beleaguered company.

Nearly six months after its opening, the Trans Mountain pipeline expansion is boosting Canada's energy sector as promised — but questions still linger about who will pay for the project's massive cost overruns.

Now that TMX is complete, the question of who should bear the brunt of the project’s cost overruns is making the rounds on Parliament Hill.

The carbon price and rebates give most people more money back than they pay while cutting emissions and yet, the Liberal's signature climate policy is sinking their ship. Is there any saving it?

Canadian MPs are back in the capital and kicked off day one by digging into the climate and financial impacts of the Trans Mountain pipeline expansion (TMX).

The City of Burnaby is preparing for a series of unlikely but potentially disastrous accidents stemming from the Trans Mountain pipeline system.

Federal ministers will have to answer this fall for billions of taxpayer dollars poured into and propping up the Trans Mountain pipeline expansion. 

Crown corporation Trans Mountain Corp. says as of Wednesday, the expanded pipeline from Alberta to the B.C. coast will be transporting crude oil. 

Here's a look at what milestones to expect in the coming weeks as the massive pipeline gets ready to start shipping Canadian oil to the West Coast:

"The stakes are high: billions of dollars at issue, with Trans Mountain's (costs) having more than quintupled since 2017 — and its costs are still growing by billions, seemingly unchecked," the oil companies stated in a motion filed with the Canada Energy Regulator earlier this week.

That's according to a regulatory filing Trans Mountain Corp. provided to the Canada Energy Regulator on Monday. It represents the latest in a series of cost increases for the high-profile project, which in 2017 was estimated to cost just $7.4 billion.

The Calgary-based company said Thursday it saw its second-highest quarterly production ever in the fourth quarter of 2023, with output of 808,600 barrels of oil equivalent per day.

In a press release, the regulator says it found that approving the application with four conditions is in the public interest, based on new inspection commitments and demonstration of quality management processes from Trans Mountain. 

Despite pledging to play their role cutting planet-warming greenhouse gas emissions, Canadian banks have continued pumping billions into the Trans Mountain pipeline expansion project designed to help Canadian oil companies grow. Even as Ottawa says the public won't be on the hook, experts say that's precisely what will happen.