Alberta Liberals say Federal Government’s Trans Mountain Pipeline blank cheque is a bad plan

Alberta Liberal Leader David Khan and Liberal MLA David Swann have issued the following release on the Federal Finance Minister’s announcement the Federal Government would cover any losses an owner of the Trans Mountain Pipeline project may suffer because of political opposition from the B.C. government:

Khan stated, “The Alberta Liberals are opposed to a blank cheque. I support this pipeline but we need limits when tax payers’ dollars are involved. How much money could be lost? Government should not be backstopping private investors without any numbers. Billions of dollars could be at stake.

“The Minister also must clarify if this financial insurance extends beyond private investors and to the NDP Government of Alberta. The NDP have suggested they would consider buying the pipeline outright. Does that mean one Government is backstopping another Government with public dollars? One blank cheque following another blank cheque.”

Swann added, “Alberta taxpayers need to be protected. The Federal and Provincial Governments must ensure any public money spent is a good deal for Albertans. It can’t just be a good deal for politicians.”