The Trans Mountain pipeline expansion project has secured up to C$10 billion ($7.7 billion) in private-sector financing, but it comes with a loan guarantee provided by the Canadian government.
The financing was announced after multiple news organizations, including Bloomberg News, inquired about public disclosures appearing to show the government committing billions of dollars to the pipeline project despite Finance Minister Chrystia Freeland’s edict two months ago that no more public money be spent on it.
