Account Login/Registration

Access KelownaNow using your Facebook account, or by entering your information below.


Facebook


OR


Register

Privacy Policy

Opposition parties promise new information on Trans Mountain costs

Federal opposition parties are promising new information about the price of the Trans Mountain pipeline at a morning news conference in Ottawa.

Environment critics from the Bloc Quebecois and the NDP, and the Greens’ leader in the House of Commons Elizabeth May, say they’ll sound the alarm about ballooning costs on the project.

The federal government bought the existing oil pipeline between Alberta and the BC coast, and an unfinished plan to twin it, for $4.5 billion in 2018.

<who> Photo credit: Canadian Press

The latest tally says the total cost of the twinning project will be $12.6 billion, much higher than a previous $7.4-billion estimate.

The Liberals under Prime Minister Justin Trudeau stepped in with public money when the company driving the project, Kinder Morgan, the regulatory obstacles and legal challenges posed too much of a risk.

Some of those hurdles have since been cleared and the government says it intends to sell the completed pipeline at a profit once it’s done, reinvesting the proceeds into fighting climate change.



We are asking for your support of local journalism. If you like what we do and believe it has value that adds to our community, we would appreciate your consideration. Please click here to learn more about how you can support local journalism.


Visit our Facebook page to comment on this story.

Sign up for local eNews delivered to your inbox by 7 am every day.

Send your comments, news tips, letter to the editor, photos and videos to news@kelownanow.com.

To report a typo, send an email to news@kelownanow.com.





Sat
7℃


Sun
8℃


Mon
12℃


Tue
15℃


Wed
14℃


Thu
19℃

Top Stories

Our Latest Video

Upcoming Featured Events

Follow Us

Follow us on Instagram Follow us on Twitter Like us on Facebook Follow us on Linkedin Follow us on Youtube Listen on Soundcloud Follow Our RSS