Canada’s contentious Trans Mountain pipeline is no longer profitable, a parliamentary budget watchdog has found, as the expansion project on the country’s west coast has faced years of delays, skyrocketing costs, and opposition from local communities.
In a report on Wednesday, the Office of the Parliamentary Budget Officer said the Canadian government’s 2018 decision “to acquire, expand, operate, and eventually divest of the Trans Mountain assets will result in a net loss for the federal government”.
