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Trans Mountain pipeline expansionHome
•Business
Business & Economics
71% Informative
A $20-billion loan for the Trans Mountain pipeline expansion was actually primarily advanced as equity, new filings reveal.
The equity portion, experts say, represents a nearly $15-billion bailout.
Trans Mountain and critics of the project are pushing for higher tolls to offset some of the $34-billion price tag while oil shippers want tolls as low as possible.
Trans Mountain and companies that want to ship oil through the pipeline are currently embroiled in a dispute over how much it will cost to use it.
Low tolls are unlikely to recoup the pipeline’s construction cost, meaning the dispute is essentially a fight over the level of subsidies Ottawa is offering the oil industry.
A spokesperson for Liberal Leader Mark Carney did not answer questions about whether a Carney-led government intends to sell the pipeline.
VR Score
73
Informative language
71
Neutral language
47
Article tone
formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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