--- title: 350.org Response to New $21 billion Trans Mountain Price Tag & End of Federal Funding date: 2022-02-18T18:11:02Z modified: 2022-02-18T18:11:02Z permalink: "https://350.org/press-release/350-response-tmx/" type: press-release status: publish excerpt: "" wpid: 167128 author: Chris Gusen --- Edmonton, AB – Earlier today, Trans Mountain corporation [issued a press release](https://www.globenewswire.com/en/news-release/2022/02/18/2388110/0/en/Trans-Mountain-Corporation-Updates-Expansion-Project-Cost-and-Schedule.html) announcing that the cost of the project had nearly doubled from $12.6 billion to $21.4 billion. Minutes later, the federal government announced they would cease any further funding of the pipeline. **In response to these developments, Emma Jackson, Senior Canada Organizing Specialist with 350.org issued this statement:** “Trans Mountain never made any sense to build during a climate crisis. Now, after a year where the pipeline was delayed by climate fueled fires, heat, floods and landslides, the government is pulling funding while the price tag has skyrocketed to $21.4 billion. This is the moment to cancel this project outright and put all of our energy and political will into a just transition that leaves fossil fuels in the ground and supports people, communities and workers.” -30- Contact: Cameron Fenton, , 604-369-2155