Suncor Energy Inc T.SU

Wow, talk about cost escalation

[Chad123]

https://www.bnnbloomberg.ca/trans-mountain-expansion-price-tag-hits-21-4b-feds-cut-off-funding-1.1725621

Trans Mountain expansion price tag hits $21.4B, Feds cut off funding

[Obscure1]

ENB built its similar length Line 3 pipeline through multiple Provinces and States over 6 years under intense opposition.  ENB's final cost was $9.3 billion despite the fact that construction was undertaken in the dead of winter in Minnesota and completed during the pandemic.  In 2017, the year before Trudeau bought TMX from KMI, ENB's cost estimate for it's Line 3 upgrade

[quesea]

Friends like SNC ? Golly :: even Bombadier will probably get in there somehow lol. 

[Experienced]

Your point illustrates a number of well known issues... 1....As a general rule the average Public Servant in Ottawa knows sheet about business and probably couldn't intelligently read a Q report if their life depended on it 2....When Government buys a business its bottom line has nothing to do with the bottom line of a financial statement.  Their bottom line is whether the decision will

[Experienced]

To put this cost into perspective, the average cost of building a pipeline of that diameter is about 3.5 million per kilometre.  The new TMX numbers is FIVE TIMES that figure.  Trudeau is effectively walking away from the project and tax payers will be eating the billions spent on it so far. With the cost at about FIVE TIMES the normal cost, the regulated tariffs needed for the owners

[Chad123]

Seems to me that it was Sockboy's intention to never have the project completed. Pure government waste of taxpayers money. What's a few $B anyways eh?

[mrbb]

i knew the real intention all along, he bought it to: 1. get the TMX approval red tapes and tribal blockade off the news media which were on TV and newspapers almost daily.  2. get hold onto TMX destiny Liberal got all these at taxpayers expense but cost to canadian is not important, as long as liberal party win in 2019 and TMX future in liberal's hand.  

[Konaboy]

I would assume that the government will eat the overruns, when it is taken over it will be sold at much less than cost.  Was it not the plan the entire time to hand it over to indigenous, to give them more skin in the game (and a cash machine of their own for the foreseeable future)? We could use more stringent management practices from this point forward, private sector style. 

[Experienced]

Yes you are correct that Trudeau did talk about aboriginal ownership of the pipeline in various press releases and statements. Couple of things to consider... 1...there are 129 Indian communities along the pipeline representing several Indian Nations, some of which historically didn't get along.  I can speak from personal experience that getting them all to agree is akin to trying to