Parliamentary Budget Officer issues new report after pipeline's construction costs soar
Canada's budget watchdog says building the federally owned Trans Mountain pipeline expansion is no longer a profitable investment after costs ballooned to more than $21 billion.
People just want to go on doing what they’re doing. They want business as usual. They say, “Oh yes, there’s going to be a problem up ahead,” but they don’t want to change anything. — James Lovelock
If you are sitting around the kitchen table contemplating the escalating cost of your grocery bills (and just about everything else), then welcome to what U.S. writer James Kunstler calls “the long emergency.”
West Coast Environmental Law plans to take on fossil fuel companies for their role in climate change
Our planet is changing. So is our journalism. This story is part of Our Changing Planet, a CBC News initiative to show and explain the effects of climate change and what is being done about it. Keep up with the latest news on our Climate and Environment page.
When Trans Mountain's new pipeline and facilities are ready to operate, the company says "a slight increase" to its $1-billion liabilities plan for the existing pipeline will be sufficient to cover the risk of an oil spill on either the current line or its new counterpart.
Takaro is an expert on the public health impacts of climate change. His potential sentence reflects the absurd predicament Canada finds itself in.
Next week, Dr. Tim Takaro, a distinguished authority on public health, will have his sentencing hearing after pleading guilty to criminal contempt for violating a court-ordered injunction against blocking the Trans Mountain pipeline expansion (TMX).
Canadians stand to lose over $100 billion in the energy transition as investors around the world continue to pour money into fossil fuel assets that will eventually become worthless, a bombshell international study finds.
The decision by Canada’s six biggest banks to sink another $10 billion into the troubled Trans Mountain pipeline expansion is no surprise after a federal loan guarantee made it a straightforward business decision to back the project, says the financial analyst who accurately predicted the decision 2½ months ago.
The B.C. Prosecution Service plans to prosecute 15 protesters for criminal contempt for allegedly defying an injunction protecting construction of a controversial pipeline in northern British Columbia.
A Crown lawyer told B.C. Supreme Court Justice Marguerite Church on Wednesday that prosecutors need four more weeks to decide whether to charge 10 other protesters with criminal contempt in relation to blockades and actions last fall opposing Coastal GasLink's natural gas pipeline.
