Billions lost in ditched resource projects – Resource Works

But now there’s some talk about reviving big ones

Canada has a hefty slate in recent years of big natural-resource projects that were abandoned, or put on a back burner, often because of government action or inaction.

One estimate is that Canada has seen $670 billion in cancelled resource projects since 2015, when Justin Trudeau became prime minister.

True, the Trudeau government in 2018 backed and took over the Trans Mountain oil pipeline expansion project, known as TMX. That’s been a success since May 2024, moving oil to U.S. and Asian buyers. It’s looking now to move more oil to Asia. And Ottawa is talking of First Nations getting some equity interest in it.

Read More: https://www.resourceworks.com/billions-ditched-projects