As Trans Mountain costs surpass $30B, will Canadian banks continue the illusion?
Last month, I published an op-ed marking the one-year anniversary of Trans Mountain’s last cost update (Feb. 18, 2022), when the price tag of the expansion ballooned to $21.4 billion. At the time, Finance Minister Chrystia Freeland promised that no more public money would be spent on the embattled pipeline and tanker project.