Quote:
Originally Posted by Bunk
I totally get it. I understand frustration of trying to succeed despite regulation and processes outside my control. I spent years trying to get government approval in a very challenging process in development. I think you might have had some knowledge of that.  Despite extreme frustrations, I ultimately succeeded not by digging in and calling people throwing up those barriers stupid. I found a way to persuade them. With market access for energy, I'm simply posing the question, what is the best way to change tact and be more successful on that front? I'm also suggesting that diversification isn't an either/or tactic. Lebron can play basketball and learn hacky sack. Pretty athletic guy. |
As a private company I think your only option is to de-risk.
That means securing government funds to do your projects like TC Energy, Transmountain or Inter Pipeline did. The government has limitless power to fight vexatious lawsuits, unlike a private enterprise. Those blaming Kenney don't realize that KXL was gonna be dead in March without government support. That 1.5B investment frankly paid the salaries of a ton of welders, inspectors, engineers, drafters and other staff for 9 months within the worst economic environment I've ever seen.
The other option is to have governments centrally plan linear infrastructure, then guarantee payments to private enterprise - which is the case in Mexico. If your approved project gets canceled for any reason, you get all your money back.
Basically, government is the solution!