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Alberta to propose southern route for new West Coast pipeline, sources say (archive.is)
submitted 3 months ago by to c/canada@lemmy.ca
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Because the last time a Liberal PM built a pipeline it was too divisive and costly, this PM will checks notes do exactly the same thing again.

TMX 2: Electric Boogaloo!

Any bets on initial-final cost spread this time?

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[–] 3 points 3 months ago (6 children)

The idea is also for it to be privately-funded, which would make it even DOA-er.

Unless OP knows something we don't?

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  • [–] 6 points 3 months ago (3 children)

    Looks like it's being funded by TMC, so taxpayers again. The private partner is being brought in for their "expertise." No doubt they'll be well compensated for expertise, especially as there's obviously no alternative source of expertise available, especially not with a TMC in the lead after they built TMX.

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  • [–] 1 point 3 months ago (2 children)

    so taxpayers again

    It's a Crown corporation, so taxpayer funding should be minimal, but it seems there are mechanisms for them to receive loans from the Ministry of Finance, which is a shame.

    If due diligence is actually done, I would still predict that this thing fizzles out in a few years without actually getting built.

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  • [–] [S] 3 points 3 months ago* (last edited 3 months ago) (1 child)

    The expansion was supposed to be privately-funded too Kinder Morgan and all their customers were gonna pay.

    Then when the Feds bought it the pipeline was supposed to be bought by private companies at a profit for Canadians.

    When it got over $21.4B in costs there was supposed to be no more federal money for it.

    Words are nothing but wind.

    Edit: as predicted, broken promises, pipeline funded primarily by tax dollars from the Feds and Alberta. https://www.theenergymix.com/90-public-ownership-as-carney-smith-announce-new-pipeline-into-declining-global-oil-market/

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