Cenovus calls Trans Mountain’s desire for a blank cheque on cost overruns “commercially absurd”

It’s well known that the Trans Mountain Expansion project is way, way over budget. Now that the project is getting closer to completion, someone’s going to have to pay for all of that. Trans Mountain, a Crown corporation since the federal government purchased and nationalized both the company and the project, wants the shippers to pay for the exorbitant cost overruns. Cenovus Energy Inc., one of those shippers, basically told the Canadian Energy Regulator, “I don’t think so, buddy.”