Post #3546703
2026-07-03 01:27 UTC
Canadians are $26B in debt from Trans Mountain pipeline (TMX) because pipeline users refuse to pay pipeline tolls sufficient to pay down debt & operating costs.
What will users pay on the new pipeline?
In following the existing pipeline are they taking advantage of what’s already been developed & paid for with TMX? Are they getting a taxpayer funded free ride?
Will the new pipeline do anything to pay off the enormous debt of TMX?
“The Canadian government, which owns the project [TMX] would not be able to generate an adequate profit for investors because the tolls it would charge for the completed project’s use cannot be raised high enough to support new debt on the pipeline plus operational costs.”
#cdnpoli
https://ieefa.org/resources/trans-mountain-expansion-could-never-return-expected-261-billion-spent-taxpayers
Replies (2)
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@JustinDerrick@mstdn.ca 2026-07-03 01:45
@pinhman@humanwords.party @canadianglen@thecanadian.social Since when do users/buyers decide what price they will pay? I don’t get to decide how much rent I’ll pay, the interest rate on my mortgage, or what a hotel or flight should cost. Fuck’m. Charge what it costs, plus a carbon tax that regularly increases at 2x the rate of inflation. Pipelines should be operated in a way that ensures they’ll eventually put themselves out of business.
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@sleepy62@social.vivaldi.net 2026-07-03 02:16
@pinhman@humanwords.party What will do to the toll rates if there is suddenly 3X the capacity in place? Math doesnt seem to math...