Trans Mountain twinning makes no financial sense

There will be a short term boost in construction jobs but then this twinned pipeline becomes a 'stranded asset'

Editor, The Times:

A friend of mine is really interested in all affairs oil. Me, well sure the Kinder Morgan pipeline runs right past my bedroom window. I have, one might say, an interest in what happens with this ‘twinning’ that has just been approved by the Trudeau government.

One question both of us have been asking is just how does this project make any economic sense?

Jeffery Rubin is the former head honcho financially for CIBC. Rubin, in contrast with other Canadian ‘banksters,’ pretty much tells it straight. He pointed out the same thing. This Kinder Morgan double pipe does not make any economic sense whatsoever!

True, as Rubin states, there will be a short term boost in construction jobs but then this twinned pipeline becomes, in Rubin’s words, a ‘stranded asset’ that costs far more than it returns.

Factor in our commitment to reducing greenhouse gases, then leaving the tar in the ground, despite what Trudeau says, makes far more sense.

As my friend said, forget environmental and aboriginal claims, nuke the whales and crush the snails, forget it all except this Trans Mountain twinning makes absolutely no sense at all financially.

Don’t those right-wing sleazy-suits know that one at least?

Dennis Peacock

Clearwater, B.C.

 

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