@pinhman @crispius

the at least $18 B cost.

That is $18 B of new subsidies, from your linked article "taxpayers could end up contributing up to CAD 18.8 billion in subsidies".

It's already over $35 B of direct, sunk cost, or over $40 B if we're counting indirect sunk subsidies:

The direct funding Canada provided for TMX totals $35.6 billion—roughly
$1.4 billion more than typically reported. The indirect financial subsidies raise government exposure to over $40 billion.

Note that $40 B figure does NOT include externalities!!! It does NOT price in greenhouse gasses, the risk of pipeline damage from landslides or atmospheric river flooding, there is no risk-costed contribution from possible tanker accidents, etc.

and even if TMX operates at capacity for 20 years under some miraculously free carbon capture technology,

More than $25 billion of the funding is ineligible for recovery via proposed
shipping tolls. Canada’s ability to recoup the remainder of its investment is limited by toll-setting issues. Taxpayers will likely take a large hit

https://ieefa.org/sites/default/files/2025-09/Trans%20Mountain%20Pipeline_September%202025%20%281%29_0.pdf

#CDNPoli #Canada #CanPoli #ABPoli #Alberta #BC #BCPoli #TMX #pipeline #pipelines #OilAndGas #FossilFuels

“There is this incredible revisionist history,” said Amy Janzwood, an assistant professor in political science at McGill University.

“It’s like, ’We bought #TMX, look how profitable it can be.’ Profitable is not the word we should be using at all.” #canpoli

https://thetyee.ca/Analysis/2025/12/23/Trans-Mountain-Profitability-Accounting-Illusion/?utm_source=mastodon&utm_medium=social&utm_campaign=editorial

“There is this incredible revisionist history,” said Amy Janzwood, a political science assistant professor at McGill University. “It’s like, ’We bought #TMX, look how profitable it can be.’ Profitable is not the word we should be using at all.” #canpoli

Is Trans Mountain’s Profitabil...

Same as it ever was. 🫤

But hey! Let’s build another!

“The new balance-sheet profits are thanks to an employee-less shell company called TMP Finance, which holds billions of the pipeline’s debts on its account, shielding Trans Mountain Corp. from its interest costs.

When all its debts are factored in, Gunton estimates the pipeline lost around $166 million in the first six months of 2025, a loss that raises questions about Ottawa’s ability to fulfil a pledge to direct millions from Trans Mountain’s revenues to climate initiatives.

Now those losses may be about to deepen.

That’s because the oil companies that use the pipeline are fighting to reduce their rents by around $545 million each year. The oil companies’ 20-year pipeline contracts are already heavily discounted and set to cover only around half the pipeline’s cost. Further reducing the tolls could force taxpayers to cover an additional $11 billion in costs.”

#TMX #FossilFools #CDNPoli #ABPoli
https://thetyee.ca/Analysis/2025/12/23/Trans-Mountain-Profitability-Accounting-Illusion/

I openly opposed #TMX on #Twitter a decade ago. As a result, I received constant online harassment, death threats and regular late night phone calls from machines that just said “goodbye” then hung up.

For all those saying “This pipeline will never happen”, there are many more right wing Canadian #MAGA bullies who are ready to push the point.

Sadly, as of my recent anti #NorthernGateway posts, the late night calls have resumed. Last night’s came at 4AM to my cellphone.

#MarkCarney has no idea of the hate storm he’s released on #BC due to his partnership with #DanielleSmith on this bullshit #MOU.

Intimidation and harassment in #Canada is a very real thing. Many Canadians unaffected and unconcerned with this pipeline have no idea what would happen if they openly opposed it.

This is the reality for #climatedefenders under #Liberals who have once again emboldened the worst people n Canada.

I hesitated to speak out against this new pipeline, knowing the harassment would continue. But that’s their intention, to intimidate me into silence.

So late night phone calls again it is. Last time this triggered me so much I spent way more time openly opposing the pipeline to spite the hate.

This pipeline will probably get built, despite all those minimizing by saying it won’t. I know this because of the constant misinformation in the #MSM and on #Facebook, skewed polls in favor of the pipeline meant to nudge public opinion, and the start of a new harassment and intimidation campaign by right wing lunatics.

The machine has once again awoken and anti Climate Liberals are at the wheel, steering Canada away from clean options while letting #Conservative goons do their dirty work.

Northern Gateway is a Nation Burning Project not “Nation Building” as Mark Carney would have you believe.

We will resist this pipeline and we will continue to fight, despite biased Canadian Media and #MapleMAGA threats and harassment.

This will be the most costly pipeline ever built in Canada, both financially and politically. If built, Liberals will carry this oil-soaked albatross for a generation.

Carney’s betrayal will cost them dearly, as dearly as opposing another dirty oil pipeline will cost all of us in #BC.

#cdnpoli #abpoli #bcpoli #nopipelines #elbowsdown #dirtyoil #dirtypolitics

@tabmcleo toxic, carciogenic, and unrecoverable in ocean water, #bitumen should be banned. Force oil companies to upgrade their bitumen to crude oil, or face high environmental taxes. #bcpoli.

But we all know there is no business case for any more pipelines, but it is entertaining to see both Danielle Smith and Mark Carney score political points without any snowball’s chance in climate roasted hell of a project even being proposed. #tmx #oilandgas #climatecrisis

💯🎯 Stewart Prest, UBC political scientist comment wrt Premier Smith booed by UCP re AB-Ottawa/Federal govt energy MOU:

"With TMX the federal Liberals basically did what Carney is promising to do—pushed a pipeline to the coast over BC and Indigenous objections. They even federally funded it, dispensing with the need for a business case.

It didn't even move the needle. Why would a second pipeline be different?"

Original post on Bsky:
https://bsky.app/profile/stewartprest.ca/post/3m6rt6sk3fk2r

#CdnPoli #BCpoli #sustainability #accountability #TMX #tankers

2/2

@sleepy62 @thegreenpagesBC

Same thing happened with #TMX. Discussion turned from “this will never happen” to “this is happening just shut up and accept it” on a dime. No consent required, no votes required. Abusive, forceful authoritarian Liberal Federal governments are now the Canadian norm.

Bye bye #Liberals, don’t let the door hit your Neo-Con asses on the way out!

In supporting #DanielleSmith’s demands to force yet another bitumen pipeline on British Columbia, oil drunk #Liberals are done in #BC.

Voting strategically for #MarkCarney despite my continued rage over the environmental destruction #TMX has wreaked on #Burnaby and #BC was the dumbest leap of faith I’ve ever taken at the polls. Conservative kiss-ass Carney can kiss his strategic voters in BC goodbye.

This is no “nation building” project, it is a capitulation to Big Oil pressure under the guise of nationalism, and the start of yet another federal war on British Columbia and all those protecting it.

This dirty, useless, expensive project won’t get done without shady #American or #Saudi investors, #Palantir drones patrolling the skies of Northern BC, and the inevitable sacrifice and destruction of our beautiful coastline for Alberta’s greedy, dirty oil economy.

This project will be Mark Carney’s albatross to bear, hope it was worth it for these pitiful Liberal Traitors.

#cdnpoli #bcpoli #pipeline #climatedestruction #federaloverreach #LiberalBetrayal #appeasingseparatists #abusingfirstnations #shameonMarkCarney #elbowsdown #effCarney #effSmith #votingreformnow #proportionalrepresentation

Details of the MOU as reported by CBC. Hot Take:
It's a sh_t show of oil soaked hopeium and climate defeatism.

- Shovels in Ground by 2029 *(may this be forever extended)

- Tanker Ban will be lifted if the project is approved by MPO *(Coastal First Nations setting rhetorical fire to MPO in 3-2-1)

- July 1, 2026 deadline for submission to MPO *(OIL CANADA DAY)

- 75% methane emissions cut on 2014 levels from methane by 2035 *(*shaking head* We are VERY GOOD at hitting 10 year targets *shaking head*)

- "both sides commited to net-zero by 2050” (implied via CCS) *(carbon capture and storage? should be Carney Can't Stop -- Emissions)

- industrial carbon price of $130 -- down from $170
*(Oil Industry - Very Poor)

- Alberta exempt from fed O&G emissions cap and clean electricity regulation *(Woop Coal! Let's Mine the Rockies!)

- No private proponents have been announced. *(Hear No Evil)

- No pipeline path/route has been announced. *(See No Evil)

https://www.cbc.ca/news/politics/livestory/alberta-ottawa-memorandum-of-understanding-energy-deal-pipeline-bc-9.6993431

#TMX #EndFossilFuels #ClimateSellout #ClimateEmergency #CdnPoli #CanPoli #BCPoli #ABPoli

Since multiple Ottawa CBC reporters seem utterly incapable of understanding what First Nations groups are what in BC here are some facts about the Coastal First Nations. It has existed since 2003.

https://coastalfirstnations.ca/about/

"The Great Bear Initiative Society (a non-profit society under the BC Societies Act), also known as Coastal First Nations-Great Bear Initiative (CFN), is an alliance of First Nations on the North Pacific Coast that includes the Gitga’at, Gitxaała, Haida, Heiltsuk, Kitasoo Xai’xais, Metlakatla, Nuxalk and Wuikinuxv First Nations. " Their territories span on the mainland coast of BC from the top of Vancouver Island to the Alaska Border including Haida Gwaii.

May this haunt Mark Carney for his entire tenure as Prime Minister as #TMX did for Trudeau.

Our federal Liberal and Conservative revolving door governments are simply incapable of extricating themselves from oil…

Canada will continue to literally burn because of it.

#EndFossilFuels #ClimateSellout #ClimateEmergency #CdnPoli #CanPoli #BCPoli #ABPoli

@AlisonCreekside Why is this never a topic discussed when PM meets with Damnielle? Where on earth can we find a pipeline that would be financed by the Oil interests when profits will drop 50%. Canadians can’t afford another #TMX it’s as simple as that. The end of this form of energy supply has already ended. We all know this. We have already transitioned to renewable energy in our minds. Big Oil can’t afford the expense needed to clean up the mess they have created and Ieft behind. Any chance of them financing the cleanup? Zero! I encourage Carney stick to his statements on environmental protections and stop any more discussions about more pipelines.
#NoMorePipelines #PastTimeToTransition

@dyckron
“Government-owned Trans Mountain heads to hearings this fall at the Canada Energy Regulator in its dispute with its shippers over the tolls those fossil fuel companies pay to move crude to the West Coast.

Trans Mountain wants them to bear a greater share of the extra costs in the expansion project that ballooned to a final total of $34-billion. Its customers argue the cost over-runs were unreasonable, and the high tolls leave them uncompetitive against global peers.”

So once again, the world’s most profitable industry wants the taxpayers to subsidize their operations. Color me shocked. 😑

#FossilFools #CDNPoli #TMX

@atomicker @ZenHeathen

Pushing back on oil pipes discussion. I dont see any govt money going to pipelines after #TMX. (Unfortunately i still see fed tax$ going to magical carbon sequestration. ) There is no ROI on future pipelines, and without tax $ they will not be built.

ZEV Mandate. Detroit auto cos in Canada are the problem. The ZEV rejig should favour smaller EVs with lower prices. Made in Canada should attract higher credits.

New policies must be multipronged

*One of my fierce sisters from another mister & fellow land/forest/water protectors, Jocey Alec & her family from #Wetsuweten #FirstNation are in this #documentary.

The #BCNDP & #GovernmentOfCanada are both still trying to criminalize environmental & #IndigenousSovereignty activism. The #BCgovernment created #RCMPCIRG in 2017 to crackdown on protestors. They are strictly a corporate mercenaries branch serving industry interests not public interests. Citizens tax monies are being exploited by BC NDP to pay these militarized thugs to commit violence so #ecocide corporations can profit more.*

Is #Canada at a point of no return, suffering the effects of #ClimateChange and worsening #wildfire seasons? Two controversial pipelines, the #TransMountain Expansion Project #TMX and #CoastalGasLink #CGL are being expanded and threatening the natural home of historically oppressed First Nations in Canada. But several First Nations are leading the fight against these massive #pipelines and becoming key advocates for protecting #nature from climate change.

Being a #LandDefender comes at a cost: harassment, detentions by the Royal Canadian Mounted Police
#RCMP and threats from private security. But, in the face of setbacks, these #Indigenous #activists press on: “We are still fighting. This dance is not over yet.” In this episode, we hear the stories of the #IndigenousCommunities on the receiving end of these huge pipelines and their fight for the protection of both humans and nature.

https://m.youtube.com/watch?v=g6-yzORlse4

#BCpoli #CDNpoli #BritishColumbia #Landback #Decolonization #ColonialCrimes #UNDRIP #BritishColumbia #PacificNorthwest #Cascadia #PNW #ClimateAction #PowerToThePeoples #IndigenousLandDefense #Environmental #ecological #ProtectTheWild #OneEarth #NatureIsSacred #ProtectTheSacred

@ZenHeathen @atomicker

You are missing the underlying strategy. Sometimes achieving objectives may not be a straight line. I see what Carney is doing. He reads the room and makes incremental advances.

EV’s are already a wining technology for all the businesses and consumers that drive them.

On the oil pipelines anybody with market savvy knows no private oil co (or group) will sign up as a proponent because doing so would kill their share prices. Never again #tmx

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