The Trans Mountain pipeline project remains on track to be profitable, but that could quickly change if actions to fight climate change ramp up and demand for oil falls, according to a new report from the parliamentary budget officer (PBO).
“The government’s decision to acquire, expand, operate, and eventually divest of the Trans Mountain pipeline system continues to be profitable,” PBO Yves Giroux said in the report released Tuesday.
“However, the profitability of the assets is highly contingent on the climate-policy stance of the federal government and on the future utilization rate of the pipeline.”
