In an interview with The Canadian Press, Finance Minister Bill Morneau reiterated the Liberals’ campaign promise to spend the project’s expected $500 million in annual revenue, and anything made from selling the pipeline back to the private sector, on clean-energy projects. Of that money, $300 million a year will be earmarked for efforts like tree planting and forest conservation. (The Canadian Press)

Talking point: The Liberals bought the pipeline for $4.5 billion last year; construction on the expansion is expected to be finished by mid-2022. The purchase drew criticism from some environmental and Indigenous activists, and from the NDP and Greens, who have called for the expansion to be cancelled. But Morneau said the pipeline “can help us accelerate our clean energy transition.” Similar federal investment efforts haven’t been going as planned—earlier this month, my colleague Zane reported on the Liberals’ $600-million cleantech fund administered by the Business Development Bank of Canada. It’s losing money and having difficulty finding companies in which to invest.