They don't want more investment. This tech is fundamentally flawed and can't deliver what they promised the existing investors.
The point of this is to attempt to get the government to buy them out. It's an ask for a bailout for these companies and their shareholders.
![On May 1, 2024, the Trans Mountain pipeline expansion officially began operations after 12 years and C$34 billion in costs. The project nearly tripled oil pipeline capacity from Alberta to Canada's Pacific coast to 890,000 barrels per day (141,000 m3/d).[6]](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:lebuejxqy6tqvm6wnl5h5lca/bafkreieakl3swwkhmhhqdimzhyzd3v2hupe2yt32cpp3ikq5v66iwtvija)