Trans Mountain pipeline expansion will lead to $11.9B in losses for Canada, study says

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SFU team says rising construction costs, new climate change measures mean project should be shelved A new study from researchers in B.C. estimates that Canada will lose $11.9 billion because of the Trans Mountain pipeline expansion project. The paper from a team at Simon Fraser University’s School of Resource and Environmental Management argues there is no likely scenario in which the project would lead to a net benefit. “The $11.9 billion loss to Canada is primarily due to a more than doubling of the Trans Mountain construction costs from the original $5.4 billion to $12.6 billion, combined with new climate policies just confirmed by the Supreme Court that will reduce the demand for oil,” lead author and SFU professor Thomas Gunton said in a press release.

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