2026-09-03 20:39 UTC
@ned@beige.party The federal government attempts to conceal the massive debt Canadians took on to fiance TMX through the shell corporation TMP Finance. It holds the debt, allowing TMX Pipeline to appear profitable with a $39 billion debt.
Meanwhile Canadian conservatives with their tacit support of pipelines are demanding more debt and higher taxes.
https://corporateknights.com/energy/how-creative-accounting-made-trans-mountain-look-profitable/
https://thetyee.ca/Analysis/2025/12/23/Trans-Mountain-Profitability-Accounting-Illusion/
https://ieefa.org/sites/default/files/2025-09/Trans%20Mountain%20Pipeline_September%202025%20(1)_0.pdf
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