Emma Graney • Energy Reporter • Published April 1, 2021 EDMONTON
The Trans Mountain pipeline expansion stands to lose Canada between $3.2-billion and $18.5-billion, according to a new benefit-cost analysis study from a group of British Columbia researchers.
Researchers from Simon Fraser University examined close to 20 business scenarios for the pipeline expansion, but didn’t find any in which it generates a net benefit for Canada. The study accounted for the project’s increased construction costs, the effects of weaker oil markets, Canada’s new climate plan, and the recent cancellation of the Keystone XL pipeline by U.S. President Joe Biden. MORE >>