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Stan Rogers Folk Festival 2024: 27 years of music and community | SaltWire #festival #music #ns -The Canadian government has guaranteed another C$1 billion in commercial loans for the Trans Mountain pipeline expansion, taking the total government-backed loan facility to C$19 billion, Trans Mountain's quarterly earnings statement showed on Thursday.
Prime Minister Justin Trudeau's Liberal government bought Trans Mountain from Kinder Morgan Inc in 2018 to ensure the expansion went ahead but in 2022, as costs soared, said it would no longer finance the project with public money. At the end of 2023, TMC had total available credit of C$18 billion that matured in March 2025 but said additional funding was required, which resulted in"material uncertainty that cast substantial doubt" on TMC's ability to continue as a going concern.
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