‘Quite a few caveats’: Morneau’s vague, B.C.-only ‘indemnity’ arouses questions about a growing federal financial stake, economists say

When asked by reporters on May 16 about his indemnity pledge against costs due to delays caused by B.C., Morneau wouldn’t put a cap on how much federal taxpayer money he's willing to cough up, or if he's willing to cover other risks.

Finance Minister Bill Morneau, pictured with his reflection at a May 16 press conference at the National Press Theatre, where he announced an 'indemnity pledge for any company constructing the pipeline.The Hill Times photograph by Andrew Meade

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BY JOLSON LIM

May 21, 2018

Finance Minister Bill Morneau’s offer to financially backstop the $7.4-billion Trans Mountain pipeline expansion from delays created by British Columbia Premier John Horgan leaves a big question mark on how far Ottawa is willing to go to financially buoy the project�...

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