The Canadian government-owned Trans Mountain oil pipeline is no longer profitable after cost overruns and delays to its expansion project, the nation's parliamentary budget officer (PBO) said. A report from the PBO said the pipeline has a net present value of negative $463.03 million (negative C$600 million), based on the difference between Trans Mountain's cash flows and its $3.41 billion (C$4.4 billion) purchase price.
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