The Crown corporation that owns the pipeline project had requested permission to alter the route slightly for a 1.3-kilometre stretch of pipe in the Jacko Lake area near Kamloops, as well as the construction method for that section.
In its regulatory filing, Trans Mountain Corp. said it has run into engineering difficulties related to the drilling of a tunnel in B.C. and wants to alter the route slightly for a 1.3-kilometre stretch of pipe, as well as the construction method.
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.
“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?