Tag Archives: Eugene Kung

Finance Canada won’t rule out debt forgiveness for TMX

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Finance Canada won’t confirm whether it will consider forgiving Trans Mountain’s massive public debts at the expense of taxpayers, despite ample indications that loan forgiveness is inevitable.

Continue reading Finance Canada won’t rule out debt forgiveness for TMX

Insurer #17 cuts ties with Trans Mountain pipeline

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Lloyd’s of London syndicate Aspen Insurance announced April 21 it will cut ties with Trans Mountain when its insurance policy expires this summer, making it the 17th company to do so.

In an email to Coal Action Network, a company spokesperson confirmed Aspen “(does) not plan to renew the Trans Mountain Tar Sands Oil Pipeline project” but wouldn’t comment on the decision “as a matter of corporate policy.”

Continue reading Insurer #17 cuts ties with Trans Mountain pipeline