A loss ($600M, a pittance considering the pipeline revenues are $20B and up), calculated using transit cash flows and discounting at around 8.5% per year.
So the project will only deliver 8% IRR (approximately) plus additional revenue from personal and corporate taxes, plus the support of a strategically valuable industry and high-paying jobs for decades.
Almost every country in the world would fall over to have a project like this in their jurisdiction.
This is a sensationalist headline. The reality is this was always and remains a very good project for Alberta and Canada.
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Originally Posted by edslunch
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