Kamyar Razavi

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Trans Mountain pipeline project clears another major hurdle toward completion

Trans Mountain pipeline project clears another major hurdle toward completion

The Canada Energy Regulator has given an 11th-hour green light to the over-budget, federally-owned Trans Mountain pipeline, currently under construction in Western Canada.In a ruling posted to its website late Friday, the regulator gave its blessing to the pipeline giant to change its routing methodology in a 2.3-kilometre stretch of construction in B.C.’s Fraser Valley.

Trans Mountain given more billion-dollar lifelines as debt costs, risks to taxpayers soar

Trans Mountain given more billion-dollar lifelines as debt costs, risks to taxpayers soar

The federal government has quietly guaranteed between $1.75 billion and $2 billion in new commercial bank loans for the Trans Mountain Corporation so it will have enough cash to complete its long-delayed and massively over budget West Coast pipeline expansion. If that money is borrowed, the project’s total cost to the government will now sit at around $35 billion, seven...