“It is clear that the cost-benefit analysis of the Trans Mountain expansion does not add up in favour of the project,� said Julian. “The substantial risks posed to our environment, marine life and coastal communities; the violation of Indigenous rights; and the billions of dollars for which taxpayers will be on the hook – all vastly outweigh any potential economic benefits.�
The Liberal government has falsely taken the position that Trans Mountain entities have earned the government $70 million. What Trudeau’s government has not made clear to Canadians is that any earnings presented quickly erode when we account for the interest charged to Trans Mountain for the debt incurred in funding the transaction. In September alone, Trans Mountain incurred $21 million in interest expenses.
“Without using the dishonest reporting done by the Minister of Finance, the annualized earnings stated by the Liberal government actually become an annualized cost, representing a loss of tens of millions of dollars,� added Julian. “The government purporting to report a surplus prior to the interest payment is fundamentally irresponsible. Canadians are already on the hook for tens of millions of additional costs on an annual basis. This is misleading and wrong.�
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For more information, please contact:
NDP Media Centre: 613-222-2351 or [email protected]
View release in your browser: www.ndp.ca/news/trans-mountain-expansion-risk-outweighs-potential-benefit
MP Peter Julian (New Westminster–Burnaby), MLA Raj Chouhan (Burnaby–New Westminster), and MLA Jennifer Whiteside (New Westminster–Coquitlam) are inviting the media to attend a special Flag Day rally on Saturday, February 15, 2025, to emphasize the importance of national unity in the face of ongoing tariff threats from the Trump administration.
Flag Day Rally Details:
Media Contact:
Doris Mah, Office of MP Peter Julian
Phone: 604-353-3107
Email: [email protected]
Dear Neighbours,
I hope you and your family are doing well.
It’s an honour to serve as your Member of Parliament in New Westminster – Burnaby, one of the most culturally diverse communities in Canada.
On Monday, New Democrats announced the implementation of the NDP’s national dental care program, which will save millions of families across Canada around $1,300 a year. In my riding of New Westminster – Burnaby, over 26,000 seniors, people living with a disability, and families struggling to pay the bills will no longer have to choose between a visit to the dentist or keep a roof over their head.
