It's time to walk away from TMX
A financial analysis by the Parliamentary Budget Office reveals that the government’s decision to spend $17.1 billion on the Trans Mountain pipeline project – $4.5 billion to buy it and an estimated $12.6 billion to expand it – is an even worse deal than we thought.
" . . . the profitability of [the Trans Mountain Pipeline System] is highly contingent on the climate policy stance of the federal government and on the future utilization rate of the pipeline," said Parliamentary Budget Officer, Yves Giroux.
In other words, if the government actually takes real action to meet its climate commitment of reaching net zero carbon by 2050, this pipeline will turn into a financial – as well as an environmental – disaster.
Join us in calling for the cancellation of TMX.
Tell the Liberals that Canadians won’t accept choosing a bad investment over real action on the climate emergency.