Quote:
Originally Posted by burn_this_city
The government is only in for $1.5B as far as we know.
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Quote:
Originally Posted by Tron_fdc
Wasn't it $1.5B in undisclosed cash (stock?) for 2020 construction and the rest loan guarantees when it is being constructed?
Just so we get the rhetoric correct here.
"US$1.1 billion (C$1.5 billion) in the Keystone XL pipeline, TC Energy Corp. said Tuesday, while confirming plans to proceed with the project.
The Calgary-based company said the province’s investment will cover planned construction costs through the end of the year. The remaining investment of US$6.9 billion is expected to be made over the next two years and funded through a US$4.2 billion project level credit facility that’s being guaranteed by the Alberta government, and a US$2.7-billion investment by TC Energy."
My accounting might be a little rusty, but I don' think the Ab gov paid $9 billion so TC could write the project off
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Yes, misstated total project cost vs. what the taxpayer is on the hook for.