Expansion of Trans Mountain Pipeline has become a significant financial issues

The expansion of the Trans Mountain Pipeline has become a significant financial disaster under the Liberals, with costs soaring from an initial estimate of $5 billion to an astonishing $53 billion. The mismanagement by the Liberal government has led to a situation where the project is excessively expensive and is not being utilized to its full potential.

According to a Reuters report dated April 2, 2025, the Enbridge Mainline, which transports crude oil to the U.S. Midwest and eastern Canada, operates at full capacity and charges tolls that are approximately half of those of the Trans Mountain Pipeline.

In late 2024, prior to her resignation, Freeland allocated an additional $20 billion to the Trans Mountain project. The ultimate destination of this substantial sum remains uncertain, but it is evident that Ottawa's extravagant spending on the pipeline surged by an alarming $20 billion. Prior to this injection of funds, estimates had placed the cost of the Trans Mountain expansion at around $30 billion, which means the total has now escalated to over $50 billion.

The proposed Liberal initiative for a $2 trillion net-zero transition should instill fear in every Canadian. The financial mismanagement associated with the Trans Mountain project suggests that the costs of achieving net-zero could balloon from $2 trillion to an unfathomable $20 trillion, potentially crippling Canada.

As of January 23, 2024, the project was reported to be 98% complete and commenced operations on May 1, 2024. This expansion, which runs parallel to the existing pipeline, has increased capacity from 300,000 to 890,000 barrels per day, at a staggering cost of C$53 billion, far exceeding the original estimate of $5 billion.