'Economic Crime': Cost of Canada's Trans Mountain Pipeline Soars by Billions, Again

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'Economic Crime': Cost of Canada's Trans Mountain Pipeline Soars by Billions, Again
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'Everybody warned Prime Minister Justin Trudeau if he bought this white elephant pipeline it would turn into a financial and political boondoggle,' said Climate_Pete of wildernews after the estimated cost of the Trans Mountain Pipeline soared yet again.

"Everybody warned Prime Minister Justin Trudeau if he bought this white elephant pipeline it would turn into a financial and political boondoggle," said one climate campaigner.Climate, environmental, and Indigenous advocates in recent days condemned the skyrocketing cost of expanding the Canadian government-owned Trans Mountain oil pipeline, which is now expected to carry a CA$30.

In what critics called a betrayal of his purported commitment to tackling the climate emergency, Trudeau's government"Honestly, I really hate to say we told them so because there are far better things we should be doing with over $30 billion than exporting a polluting product the world has agreed to abandon as fast as possible," said McCartney.

"But this is now an economic crime that has stolen $30 billion of public funds from real climate solutions," he added.When Trans Mountain first proposed its expansion in 2012, American company Kinder Morgan estimated the construction costs at $5.4 billion. In 2018, when the federal government bought the pipeline it had a forecast price tag of $9.6 billion, on top of the $4.5 billion purchase. Last year, the company announced costs had risen to $21.

"How deeply ironic it is for this fossil fuel company that climate disasters have led construction costs to spiral out of control," McCartney said."I don't want to hear from any federal official that bold, transformative climate action is too expensive ever again." the Union of British Columbia Indian Chiefs, at least 58 Indigenous sites—including former villages and burial grounds—were destroyed during the pipeline's construction in the early 1950s.

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