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Gov't May Keep Trans Mountain Forever
Description
Trans Mountain Pipeline: A Sovereign Asset for Canada
Leaders from Trans Mountain and its federal overseer suggest Ottawa may permanently own the Alberta-to-British Columbia pipeline, considering it a crucial national asset. The pipeline currently transports 850,000 barrels daily, nearing its maximum capacity of 890,000 barrels. Acquired by the federal government for $4.5 billion in 2018, the projects costs have since surged to over $34 billion. With the need for a second West Coast line emerging, Trans Mountain is contributing its expertise to this initiative. The investment is expected to yield returns for Canadian taxpayers, ensuring the pipelines long-term operation.
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