Trans Mountain will have to repay the banks, with interest, and experts warn it is unlikely the company will be able to repay banks based on the project’s construction costs, tolls and international oil markets.
Despite promising to play their part addressing climate change, Canada’s Big 5 banks have invested over $1 trillion in coal, oil and gas companies since the Paris Agreement was signed.
“It was always a disaster from a climate change perspective, but this is now an economic crime that has stolen $30 billion of public funds from real climate solutions," said Greenpeace Canada senior energy strategist Keith Stewart.
In our current regulatory scheme, the monetary value of one Anna’s hummingbird nest — $88,000 or $4,000 — is inconsequential and of zero deterrent value to Trans Mountain's proponents, writes Sara Ross.
Environment and Climate Change Minister Steven Guilbeault is using the skills he honed in the trenches as an environmental activist to push climate policy. But will it be enough for the crisis at hand?
Canada's National Observer publisher Linda Solomon Wood chats with Max Fawcett about journalism, how the publication came to be and who really funds his columns.
Now that Bill 1 is tabled in the Alberta legislature, the question is which will die first: Danielle Smith's government or the province's rule of law, writes columnist Max Fawcett.
Bloc Québécois MP Monique Pauzé blasted the federal government in question period after a report forecasted roughly $17 billion of Trans Mountain’s public debt will be forgiven.
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.
