As the West Coast reels from unprecedented wildfires, and more than 100 Canadian economists sound the alarm about Trans Mountain’s broken business case, Finance Minister Chrystia Freeland has a choice: keep pouring fuel on the fire, or free up billions of dollars for post-pandemic recovery.
Oil prices are at historic lows and demand may never return to pre-COVID levels. But Justin Trudeau wants taxpayers to borrow billions of dollars to build a pipeline that no longer makes any economic sense.
Construction on the Trans Mountain pipeline has barely started. But already the cost has ballooned to $12.6 billion.
We are at an extraordinary point in time — youth around the world are raising their voices and standing up for change. It makes sense. We are facing a pretty bleak fate. And, under our current democratic system, we have limited recourse and access to power. We need bold political action to solve the big problems that the world is facing today.
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