Juno News - Who will pay for Carney's pipeline deal？

On today's show, we have a special guest on the show to discuss the Kinder Morgan/Trans Mountain pipeline project, the Trans Mountain pipeline expansion, and why it's a no brainer that the federal government should get on board with this project.

00:00:00.000 They're saying that this is going to cost upwards of $44 billion.

00:00:05.720 And get this, this public-private partnership, cute title,

00:00:10.600 the private company is only on the hook for 10%.

00:00:14.660 Translation, this is going to cost taxpayers a ton of money,

00:00:19.640 like over $40 billion money.

00:00:22.820 What was your take on this?

00:00:24.280 Because it's frustrating because in my brain, I'm like, pipeline's good.

00:00:28.500 um government getting in its own way and costing taxpayers money for no reason bad what was your

00:00:34.720 take well this is the cost of net zero this is why it costs 50 billion bucks to build the

00:00:39.440 kinder morgan friend uh sorry trans mountain uh pipeline expansion which was runs uh willing to

00:00:45.480 be built by kinder morgan at no cost the concerns but you and i are on the hook for 50 plus billion

00:00:50.320 dollars not 33 not 34 the actual numbers are much higher than that at a time which the federal

00:00:55.020 government is running massive debts and deficits which ctf talks about ad nauseum it's critical

00:01:01.180 that we understand and that you found that because i had said for some time the mou is doa unless the

00:01:07.840 public picks up the tab and that's exactly what you're going to do i hope every canadian understands

00:01:11.860 they're in for tens of thousands of dollars personally this is going to have to be paid

00:01:16.180 and sure there's a payback and we all want pipelines but the reason this pipeline is

00:01:20.880 something that no one wants to touch is because the net zero conditions have been in place on

00:01:24.720 Not just the tanker bands, decarbonization, sequestration, underground storage.

00:01:29.760 This is really trying to make a silk purse out of a sow's ear.

00:01:34.520 And what they're doing is basically saying the world, get lost, we'll do it.

00:01:37.540 Because we have direct access, especially with our defectors who made it a majority.

00:01:41.660 We have direct access to public dollars, borrowed public dollars.

00:01:46.080 This is not the way to run a country, much less try to appease everybody by paying them off,

00:01:51.200 knowing you can rob every single Canadian consumer in this country.

00:01:54.740 That, to me, is most loathsome. 0.85

00:01:56.680 It makes this thing very loathsome.

00:01:58.760 I still believe that the MOU, now transferred to the MPO,

00:02:03.360 under very quick, you know, almost clandestine conditions,

00:02:07.520 is still DOA because who's going to pay for it?

00:02:10.760 Yeah, we know the public is going to pay for it,

00:02:13.660 but sooner or later, the bond rating agencies are going to call us on this

00:02:18.220 and say this is not feasible.

00:02:19.680 We're paying everything off. If we're not bailing out $3 billion in condos in downtown Vancouver, we're likely Toronto.

00:02:25.620 We've got $44 billion just sitting around doing nothing.

00:02:28.240 So I think it's pretty clear to me that when you are so rigid in your view that net zero has to happen,

00:02:34.280 and that's just not the federal government, this Premier Daniel Smith, who I admire, having to hold on to this so tenaciously,

00:02:42.780 who the hell is going to buy your overpriced oil? And that's where the economics doesn't make sense here.

Juno News - July 14, 2026

Who will pay for Carney's pipeline deal？

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