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Canada's $26 Billion Investment In Trans Mountain Pipeline May Not Pay Off

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The federal government of Canada may never fully recover the more than a dozen billion U.S. dollars of costs to have the TransMountain pipeline project up and running

The Trans Mountain Expansion Project promised in the 2010s to help Canada’s oil sands producers get their crude to the Asian markets from the Pacific Coast. After years of delays and enormous cost overruns, the expanded oil pipeline currently owned by the federal government of Canada is about to enter into service early next year.

The approved change of route in the section means that the pipeline could be fully completed and in service in early 2024. Related The U.S. Allocates $7 Billion Of Grants To Hydrogen Production Hubs The project remains in the $22.6 billion C$30.9 billion “range,” and only 16 kilometers of pipeline are left to lay, Trans Mountain CEO Dawn Farrell told Calgary Herald’s Chris Varcoe last week.

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