Why is Canada building an oil pipeline?
The government seems to have forgotten about ecology.
The Trans Mountain oil pipeline project linking Alberta to the coast of British Columbia was acquired by the federal government in 2018 after Kinder Morgan threatened to abandon the project.
At the time, the price for Canadian government was CAD 5 billion, not the most incredible amount for such an ambitious goal. But five years have passed and it's still there: the pipeline is not finished. And now the completion of the project is already estimated at CAD 30 billion.
Who is going to sponsor this? That's right: the taxpayers. Now the need for the pipe is seriously debatable.
The former head of ICBC, the Insurance Corporation of British Columbia, and economist Robyn Allan made it clear that the government, that also professes to be environmentally conscious, is responsible.
“On the one hand we’re told that we’re going to tackle our dependency on fossil fuels, and then they overspend to buy a heavy oil pipeline, the worst among the fossil fuels in the world. They overspend to buy it, and then they mismanage to build it, so Canadian taxpayers are going to be on the hook for something like 25 to 30 billion dollars,” Allan said.
Minister of Finance Chrystia Freeland, who not long ago found herself in a scandal, refused to make any personal statements.
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