@pinhman @crispius

the at least $18 B cost.

That is $18 B of new subsidies, from your linked article "taxpayers could end up contributing up to CAD 18.8 billion in subsidies".

It's already over $35 B of direct, sunk cost, or over $40 B if we're counting indirect sunk subsidies:

The direct funding Canada provided for TMX totals $35.6 billion—roughly
$1.4 billion more than typically reported. The indirect financial subsidies raise government exposure to over $40 billion.

Note that $40 B figure does NOT include externalities!!! It does NOT price in greenhouse gasses, the risk of pipeline damage from landslides or atmospheric river flooding, there is no risk-costed contribution from possible tanker accidents, etc.

and even if TMX operates at capacity for 20 years under some miraculously free carbon capture technology,

More than $25 billion of the funding is ineligible for recovery via proposed
shipping tolls. Canada’s ability to recoup the remainder of its investment is limited by toll-setting issues. Taxpayers will likely take a large hit

https://ieefa.org/sites/default/files/2025-09/Trans%20Mountain%20Pipeline_September%202025%20%281%29_0.pdf

#CDNPoli #Canada #CanPoli #ABPoli #Alberta #BC #BCPoli #TMX #pipeline #pipelines #OilAndGas #FossilFuels