Quote:
Originally Posted by iggy_oi
I’m not debating that Canadians aren’t getting as much financial benefit as they would have had the government not had to buy the pipeline at a cost of $30B. I don’t know why you’re having so much difficulty understanding that.
The comment I was originally responding to(which you’re quoting me on and, perhaps unintentionally, trying to twist my words on) was someone saying taxpayers would be at an overall loss for buying KM and building the pipeline, meaning we wouldn’t ever recoup the $30B we invested. You appear to agree with me that that is not the case so I’m not sure why you’re continuing to suggest that I’m saying something that I’m not.
I think it’s worth pointing out that in this post you appear to have abandoned taking the asset sale returns into account for your figures, you hadn’t in your previous post and I’m pretty confident the government hasn’t announced that they will be giving KM away since your previous post. Doesn’t change the overall point but I’m just not sure how over exaggerating is helpful here, especially when you’re trying to accuse someone of manipulating facts.
The government bought the pipeline about 4 months after KM stopped construction. I think you’re being overly optimistic if you believe all of the cases against them would have been heard and ruled on within that timeline even had the government expedited the cases.
I’m going to again refer to the 4 month timeline, which was in reality less than 2 months as according to the article as KM investors were scheduled to meet May 31st to discuss next steps. Some lawyers on here who have more experience dealing with the Supreme Court can speak to this far better than I but I have a very hard time believing that they could have expedited all of those cases in that timeline.
Yeah it’s unfortunate that there’s a lot of that going around in politics these days and we as Canadians are stuck picking up the pieces of the short sighted decisions our “leaders” make for their own gain.
|
Four month timeline….in addition to the previous months and years of legal and regulatory roadblocking. But sure, let’s only measure the time from Kinder Morgan announcing the halt to the sale. Nothing else happened before that. But hey, I’m the one moving goalposts, right?
It seems our fundamental disagreement is that you don’t believe the federal government could have done anything differently to keep the project on the rails and a private company continuing their investment. I (and many Canadians) feel they purposely refused to take action for political reasons, and that was a direct cause of Kinder Morgan pulling out and the government having to pull together the pieces.
It doesn’t seem that we’ll agree on this point, so I’ll just go back to lurking. Had to call out your misleading post first.