A newly released report says the economic benefits from Kinder Morgan’s pipeline are very small and “substantially overstated” by the company.
The collaborative report, created by Simon Fraser University’s Centre for Public Policy Research and The Goodman Group consulting firm, demonstrates tiny returns to BC and states that the Trans Mountain Expansion project exaggerated the short-term jobs associated with building the pipeline by a factor of three.
“Moreover, BC is not getting its fair share of the benefits,” said Goodman Group’s President Ian Goodman in a phone conference. “We looked at benefits of the Trans Mountain project in terms of tax revenues. For building and operating the project, even by Kinder Morgan’s own numbers, the benefits to BC are very small.”
Photo: “ Caelie_Frampton under the license CC BY 2.0