![]() The tolls were set pretty low because the existing pipeline is only valued at $1 billion. Trans Mountain Expansion a Money Loser for Taxpayers.Pipe Dream: Taxpayer-Owned TMX Is a Bust, Concludes Analyst.Right now, oil shippers pay a toll to move their bitumen and other products through the old line based largely on the cost of providing the service. The way the Canadian Energy Regulator sets tolls now for the existing pipeline is different than the way they will be determined for both pipelines once the expansion starts operating. The first has to do with pipeline tolls, the fees charged shippers. There are two baked-in reasons why the pipeline will never make taxpayers big bucks, or any bucks, says Allan. It must borrow to pay interest on its loans. Not even the existing pipeline is making money. Here’s what she found in the report released by West Coast Environmental Law: the $21.4-billion expansion megaproject, intended to carry more bitumen from the oilsands to Burnaby, is not profitable. In a world run by cockwobbles, it’s easy to get distracted by all kinds of tomfoolery. To be honest, taxpayers haven’t been paying much attention either. I’m sorry to report this, but Robyn Allan, a crackerjack of an economist with the gift of candour, has just reviewed the state of your investment.įor six months she pored through documents and sifted through the numbers to put together a hard-nosed 32-page report for taxpayers.Īllan, the former CEO of ICBC, did so because the government is not releasing much information on its totally bad investment. So sit down and grab a drink, which Health Canada says is not good for you either. Have I got news for you - and it’s not great news. That’s right, you got it - the Trans Mountain pipeline.Īnyway, you own the sucker, lock, stock and barrel, with the federal government paying $4.5 billion to Kinder Morgan for the privilege. Please enable JavaScript before you proceed. Your browser either doesn't support JavaScript or you have it turned off. Please consider becoming a new friend of The Tyee by signing up as a Tyee Builder today. We need more people to sign up with monthly or annual commitments to help us sustain our work and plan for the future. And we’re always looking to expand our community. Builders are special people whose contributions are powering an innovative, critically-minded news organization that swims against the current, speaks truth to power and sparks the careers of the next generation of journalists. #Hell bank note value free#Tyee Builders are why our pages are free of paywalls or walls of ads. Tyee Builders keep The Tyee’s independent journalism freely accessible to everyone. Often it’s in the range of the price of an afternoon treat for two friends. They support The Tyee by providing a monthly, annual or one-time donation in an amount that works for them. The Tyee is powered by a committed community of such people who we call Tyee Builders. The kind of people who step in when it counts, and who are unafraid to act on their values. It’s a diverse, courageous and feisty bunch. One of the great joys of this work is connecting with the community around The Tyee. So, not a good gift for an ageing relative.Become a friend of The Tyee for $15 a month In fact, in some areas it is considered a curse calling on the King of Hell to collect that personage. Note finally that giving someone who is alive Hell Bank Notes is considered to be a great insult. On the back is an image of the actual Bank of Hell. The front of any Hell Bank Note features the Lord of Hell, a middle-aged guy with a beard who wears a flat-topped hat from which strings of beads dangle. In order to ensure that the deceased have access to lots of good things in the afterlife, their relatives give them gifts and one of the very best things to give a freshly dead person is a stack of high-denomination Hell Bank Notes. Here's the idea: when people die, their spirits go to an afterlife where they continue to live on, doing many of the same sorts of things they did while alive: eating, drinking, sleeping, playing with the kids, and so on … The Chinese, thinking (not unreasonably) that "Hell" was the proper English term for the afterlife, adopted the word. The word "Hell" was introduced to China by Christian missionaries who claimed that non-converted Chinese were all "going to Hell" when they died. ![]()
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