The Trans Mountain pipeline received additional support from the Canadian government after the cost to expand the controversial Alberta-to-British Columbia oil conduit jumped 44 per cent in March.
To fight 21st-century inequality, Canada needs 21st-century taxes that force billionaires and corporations to pay their fair share
Ward McAllister, a wealthy New Yorker, recently threatened that if the U.S. Congress were to move ahead with its plans to levy a high income tax, the plan would backfire because it would simply drive “rich men to go abroad.”
In 2018, Husky Energy asked Stephen Mason, who has years of experience developing oil and gas projects on the African continent, to get First Nations together to put in a bid to buy the Trans Mountain Expansion (TMX) Pipeline. Husky, which has since been bought by Cenovus, had already booked space on the yet-to-be-built pipeline to get its oil from Alberta to the Pacific coast, where it could sell at higher prices.
Pipeline watchers say Ottawa may need to take a haircut if it wants to find a buyer
The overbudget Trans Mountain expansion project owes its lenders at least $23 billion and is looking to take on more private debt as the federal government shuts its wallet and construction costs skyrocket.
"A competent civilization would also tax out of existence monster homes. They also represent another issue no political leader wants to tackle: rampant economic inequality."
