Study: Trans Mountain Pipeline Purchase Will Add to Federal Deficit

Study: Trans Mountain Pipeline Purchase Will Add to Federal Deficit
Kilometre 0 of the Trans Mountain pipeline system at the Kinder Morgan terminal in Edmonton on June 5, 2018. The Canadian Press/Jason Franson
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CALGARY—A study by a sustainable energy research group predicts the federal government’s purchase of the Trans Mountain pipeline will add significantly to the deficit next year.

The study released June 26 by the Institute for Energy Economics and Financial Analysis said buying the Kinder Morgan Canada assets, plus planning, and construction costs, will put $6.5 billion in unplanned spending on the books for the 2018–19 fiscal year.