Hon. Rosa Galvez: Honourable senators, my question is for the Leader of the Government in the Senate. Senator Gold, the projected cost of expanding the Trans Mountain pipeline has nearly tripled to $21.4 billion. Our Parliamentary Budget Officer told the Energy Committee earlier this month, “It is very unlikely the Trans Mountain pipeline will be profitable over its lifespan . . . .”

Senator Gold, since this soon-to-be-stranded asset is now unfortunately owned by all Canadians, will your government release the two financial analyses done by BMO and TD Bank that purport to show that the project will make money?

Senator Galvez: Senator Gold, can you confirm that these two analyses mentioned by Minister Freeland in February exist and clarify whether the reports say if the pipeline will make money or will it be profitable? There is an important difference there. Thank you.