RE:RE:Here's a beautyNonCredible you actually think this article's underlying intent is to enrage - simply for stating financial facts and a request by the shippers for accountability, given they will be the one's to pay the higher tolls? I don't find the article inflamitory at all, actually its quite passive.
Kinder Morgan had timelines that would have completed the project before the recent inflationary period likely somewhere near the orginal cost estimate had the courts not allowed legal challenge after legal challenge. The fact that K Morgan decided to sell the pipeline was due in part that the challenges contributed to the cost overruns - diminishing returns on investments and that they thought the project had the chance of never being completed, especially through BC.
If you know some of the triggers for inflation you would have known that it has been a rising risk since Greenspan ran the US Fed back in the 1990s. In fact it was a bit of a miracle that inflation was contained shortly after the financial crisis of 2008 but central banks buying their own bonds to keep rates low would have been one reason. While central bank policy since at least Greenspan contributed to the risk of inflationary pressures, it was Covid and governmental policy to finance economic shutdowns that was a game changer.
When pressed as to how we could afford widespread shutdowns, I was alarmed by governmental response that with bond rates at 1-1.5%, it makes the servicing the debt affordable. You had to have know that rates were low as everything was in shutdown mode, there was business uncertainy and people were ok with parking money into safe government bonds at that time. But we also would have know that once the economy was again up and running that there would have been a shift out of bonds and back into the markets and business. The Biden Admin has in the past three years passed several Acts that have been some of the largest in US history. The Oxymoronic titled - Inflation Reduction Act - with costs upwards of $1.2 trillion will do nothing to address inflation, is mostly wasteful with green projects but likely inflationary.
Attempts by governerments driven by the un-elected socialist driven UN mandates with full cooperation from lap-dog Trudeau and runt-pup Guilbeault, to shutdown oil/gas/coal with wasteful, green projects, endless litigaton, and other policies such as carbon taxation - adds a whole lot of inflationary pressures to economies already knee deep with rising costs. Policies that increase the cost of carbon fuels, the lifeblood of the economy are inflationary. The end results are alwasy the same, governments create inflation then use it as an excuse to double down on their proven wrong policy.
The problem of making corrections to the scenario above is that most voters are passive such as yourself that give government too much of the benefit of the doubt, not enough critique and vote them back in. You didn't know inflation was coming, really? Where have you been?