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View Richard Cannings Profile
NDP (BC)
Madam Speaker, the member talked about Trans Mountain a lot instead of Teck Frontier, so I will ask him about that.
He said that it was basically a good economic investment as well, yet we have just heard that the price of expanding that has gone up to about $13 billion. When Kinder Morgan first proposed it, the price was somewhere on the order of $5 billion. That is quite a jump. It will affect the profits of the producers who will be using it because the tolls will go up, but it is also increasing the cost to Canadians. About $8 billion of that we will never get back, even if we sell the pipeline. However, there probably will not be any opportunity for that.
Poll results on public approval of the pipeline are showing a real increase in people who do not want the pipeline. How much are Canadians going to pay for this pipeline?
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