If TMX is viable, why can’t we see the financial reports?

Speaker: Ms. May
Time: 16/06/2022 15:10:19
Context: Question

Ms. Elizabeth May (Saanich—Gulf Islands, GP): Mr. Speaker, regarding government financing of the TMX pipeline, in written answers to Questions on the Order Paper, the government is claiming that BMO and TD review make this project financially viable, but these analyses remain due to commercial confidentially, they will not release them. Previous TD reports on TMX were public. Why hide them now? It is entirely likely the government plans to write off financial risks and debt and leave us financially exposed. If it is so commercially viable, why can we not see the reports?

Hon. Randy Boissonnault (Minister of Tourism and Associate Minister of Finance, Lib.): Mr. Speaker, Canadians know how important it is to get our product to market and to tidewater. The government does not intend to be the long-term owner of the Trans Mountain pipeline. This is a project that has led to 12,700 jobs and once completed Canadians will enjoy full price for our oil on the world market. A divestment process will be undertaken once this project is essentially de-risked and once consultations with indigenous peoples conclude.