Bob Weber
Construction of the Trans Mountain pipeline is seen under way in Kamloops, B.C., on September 1, 2020. New research suggests taxpayer dollars are heavily distorting Canada s financial marketplace in favour of fossil fuel pipelines. THE CANADIAN PRESS/Jonathan Hayward July 05, 2021 - 9:05 PM
Taxpayer dollars are heavily distorting Canada s financial marketplace in favour of fossil fuel pipelines, new research suggests.
The International Institute for Sustainable Development says spending by provincial and federal governments combined with the value of loan guarantees and other fiscal instruments intended to help get the lines built is worth a total of $23 billion.
The great majority of that money isn t in direct subsidies to the now-defunct Keystone XL or ongoing Trans Mountain and Coastal GasLink projects, said report author Vanessa Corkal. But backstopping loans and reducing other kinds of risks for pipelines encourages companies to make
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Government pipeline support at $23B: study
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