Post by
liljohnnyjoke on Oct 16, 2023 8:48am
TMX
what were the chances of that pipeline project going insanely over original projected costs once the Fed government took over?
https://oilprice.com/Energy/Crude-Oil/Canadas-26-Billion-Investment-In-Trans-Mountain-Pipeline-May-Not-Pay-Off.html
Comment by
Experienced on Oct 16, 2023 9:16am
Good article....I would rather that it said taxpayers paying for the loss as opposed to Canada since it indirectly implies that these are two different things. Rest assured that someone will buy the pipeline (aboriginal groups?) at a deep discount and probably with funding through the back door by taxpayers. Double whammy for taxpayers.
Comment by
newtonboy on Oct 16, 2023 9:58am
It would not surprise me in the least if the Feds gave the original owners Kinder Morgan ROFR on a buy back deal. Not a rare occurance considering who was involved in the transaction.
Comment by
liljohnnyjoke on Oct 16, 2023 10:01am
They will sell it to them for $1.
Comment by
mbuch on Oct 16, 2023 12:32pm
$1 seems about right with this federal governements track record. Tax payers are alway on the hook for thier incompetance.