The federal government stands to lose money on its investment in the Trans Mountain pipeline
Letter from Canada: Trudeau’s oil pipeline tangle
Federal policy in recent years has severely limited the country’s ability to raise exports
Prime Minister Justin Trudeau and his Liberal Party have made a mess of Canada’s oil pipeline network since they came to power in a landslide victory in late 2015. Their approach to pipeline approvals has left the country with a nationalised project with negative net worth and an inability to export substantial additional volumes of crude to democratic allies in Asia and Europe. On 22 June, the Parliamentary Budget Officer (PMO), Canada’s budget watchdog, released a new report indicating the federal government stands to lose money on its investment in the Trans Mountain pipeline due to skyrocketing costs and further delays to the development’s expansion project. Based on its latest financia
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
