Quote:
Originally Posted by Monahammer
The most substantial hurdle we have to climb for diversifying our economy is not desire to do so, it's an infrastructure barrier. We have overbuilt export capacity to our southern border, and virtually no large scale export facilities for our energy products. Because of the Canadian court system and some policy decisions, we are basically prevented from building new export facilities in economically reasonable time frames.
Private capital will not allocate itself because of uncertainty. This is why the government had to buy the trans mountain pipeline to get it done. Likely we are stuck in this morass until the court situation is fixed, somehow. Frankly I dont know if it can under the current legal structure of the country.
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Northern Gateway, Energy East and a few more LNG terminals would have been great right now!