Unfortunately for them, there’s still a LOT of environmental assessment that applies, and some of that has to deal with what let the last one go through, which was max overall flow levels. Doubling the flow will put the levels WAY over the previous impact assessment values, which in a sane world would make this proposal DOA.

[–] ValueSubtracted@startrek.website 3 points 3 weeks ago (6 children)

The idea is also for it to be privately-funded, which would make it even DOA-er.

Unless OP knows something we don't?

[–] AGM@lemmy.ca 6 points 3 weeks ago (3 children)

Looks like it's being funded by TMC, so taxpayers again. The private partner is being brought in for their "expertise." No doubt they'll be well compensated for expertise, especially as there's obviously no alternative source of expertise available, especially not with a TMC in the lead after they built TMX.

[–] ValueSubtracted@startrek.website 1 points 3 weeks ago (1 children)

so taxpayers again

It's a Crown corporation, so taxpayer funding should be minimal, but it seems there are mechanisms for them to receive loans from the Ministry of Finance, which is a shame.

If due diligence is actually done, I would still predict that this thing fizzles out in a few years without actually getting built.

[–] No_Eponym@lemmy.ca 3 points 3 weeks ago (1 children)

How minimal was taxpayer funding to TMX on their last pipeline project? Where will the between $35.2 billion and $43.7 billion come from?

[–] ValueSubtracted@startrek.website 1 points 2 weeks ago

Yes, I'm fully aware of how much heavy lifting "should be" was doing - that's why it was there.

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