Failed Climate Project Cost Federal Infrastructure Bank $900K in Consultants’ Fees

Published on January 8, 2024

The Canada Infrastructure Bank (CIB) incurred a loss of approximately $900,000 on the Lake Erie Connector project, an initiative aimed at constructing a 117-kilometre underwater electricity transmission line of “clean, non-emitting power” from Ontario to Pennsylvania. The failed project, which was intended to export electricity from Ontario to a significant power market, never commenced construction and was subsequently abandoned in 2022. The incurred costs were attributed to legal, financial, and power transmission consultancy fees, according to Blacklock’s Reporter. CIB tabled the information in the House of Commons in an Inquiry of Ministry dated Dec. 11, in response to a question from Conservative MP Leslyn Lewis....

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