Home » Newswire » $320M in government subsidies given to Trans Mountain in first half of 2019: report – Globalnews.ca
$320M in government subsidies given to Trans Mountain in first half of 2019: report – Globalnews.ca
by ahnationtalk onNovember 19, 201969 Views
The Trans Mountain pipeline received $320 million in subsidies from the Canadian and Alberta governments in the first half of 2019, says a new report by an economic institute that analyzes environmental issues.
The money included $135.8 million in direct subsidies and $183.8 million in indirect subsidies that were not clearly disclosed to taxpayers, says the report by the Institute for Energy Economics and Financial Analysis.
“This is a very large subsidy. It really does require more public discussion and public disclosure,” says Tom Sanzillo, the group’s director of finance.