Canada bought more than a pipeline when it bought the Trans Mountain project

The federal government allowing the pipeline project to collapse would have set an even worse precedent than buying it.

The parliamentary budget office has said the government’s $4.4-billion purchase of Trans Mountain pipeline, led by Finance Minister Bill Morneau, was on the high end of its value. The Hill Times photograph by Andrew Meade

Opinion

BY NICK MARTIN

February 13, 2019

When the federal government bought the Trans Mountain pipeline project for $4.4-billion, it was not looking for a good deal on the underlying assets. It was looking to ensure that a federally approved project with huge implications for Canada’s economy got built. Purchasing the project was a final...

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Tuesdays: Innovation & Industry Newsletter

The policies, decisions, and people working on investment and regulation in the industry and innovation realm.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy