Evaluation of the Trans Mountain Expansion Project

The principal difference between our analysis and the PBO analysis Evaluation of the Trans Mountain Expansion Project xiii is that our analysis incorporates the impact of the government’s climate plan that was announced December 2020 after completion of the PBO study and includes the impacts of the government’s stated intention of selling TM to the private sector. [...] the financial responsibility and financial structure of the applicant, the methods of financing the pipeline and the extent to which Canadians will have an opportunity of participating in the financing, engineering, and construction of the pipeline; and e. [...] In addition to these general criteria, the NEB (2013a) approved the following list of issues to be considered in TMEP application: • the need for the proposed project; Evaluation of the Trans Mountain Expansion Project 7 • the economic feasibility of the proposed project; • the potential commercial impacts of the proposed project; • the potential environmental and socio-economic effects of the pro. [...] DEFICIENCIES IN THE NEB EVALUATION OF TMEP OVERVIEW In its 2016 and 2019 reports, the NEB concluded that TMEP would be in the public interest.1 In making this determination, the NEB listed what it considered to be the benefits and burdens of TMEP and concluded that the benefits exceeded the burdens in large part because the benefits would be national in scope while the burdens would be regional an. [...] Further, the impact of recent market developments that undermine the rationale for TMEP (including the weakening of oil demand and prices, escalating TMEP construction costs, and advancement of other pipeline projects) combined with the failure of the Government of Canada to provide the 14 Evaluation of the Trans Mountain Expansion Project public with the business case for proceeding with TMEP is.