After MP McKenna announced that $50 Billion (with a B) had already been spent on"investing in clean transition", what will happen with this taxpayer funded/government owned pipeline? Latest numbers from Trudeau are that it will spin $500 million annually (accounting profit? actual cash flow? neither was mentioned nor clarified), then this would equate to approximately 35 to 40 years breakeven (again, not known if after capital or before capital) on the $4.5 Billion acquisition plus the $9.5 Billion construction cost. But, wait! Did you think those proceeds were going to back to taxpayers?.....
"..In addition, he said the government intended to use the profits derived from the project to fund renewable energy in Canada. “We’ve decided that every dollar the federal government earns from this project will be invested in the clean energy transition,” Trudeau said..."
https://business.financialpost.com/commodities/oilpatch-cheers-re-approval-of-trans-mountain-expansion-but-worries-about-further-delays
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