The Canadian government quietly approved a staggering $20 billion loan to support the Trans-Mountain Expansion (TMX) pipeline. According to Canadian environmental advocacy organization Environmental Defence, this raises the Canadian government’s total financial commitment to the pipeline to $50 billion, drawing sharp criticism from environmentalists and economists.

“At a time when Canada should be accelerating its clean energy transition, providing $20 billion in public financing for the TMX pipeline is a step in the wrong direction,” Laura Cameron, a policy advisor with the International Institute for Sustainable Development (IISD) who specializes in fossil fuel subsidies, told DeSmog in an email. 

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