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Approaching 6 times its projected cost, Canada's TMX fiasco continues from the ridiculous firmly into the absurd, Canadian banks remain the only financial institutions in the world financing it and the Canadian government continues to ensure its own climate obligations will never be met. #energyextortion #climate #climatechange
https://www.nationalobserver.com/2023/05/16/news/canadas-biggest-banks-pitch-another-3-billion-trans-mountain-pipeline
Canada's National ObserverCanada’s biggest banks pitch in another $3 billion for Trans MountainTrans Mountain will have to repay the banks, with interest, and experts warn it is unlikely the company will be able to repay banks based on the project’s construction costs, tolls and international oil markets.