Quote:
Originally Posted by Goriders
The numbers don’t work because of the hurdles they put in place.
It was a conscious effort by the current regime to neuter the energy industry by taking away the expansion of market access and infrastructure as well as scaring away foreign investment via project uncertainty. All of which they were successful in achieving. Not to the benefit of Canada. This will be reversed under the next government.
When you have ideologues running federal portfolios you have a 50% chance that they will sabotage their area of responsibility. What did everyone think would happen when an ex member of greenpeace was put in charge of decision making over energy projects. What a horrible decision that was.
I wonder how many billions of dollars our environment minister cost Canada in GDP over the last decade? Wonder if he could pay us back for it.
|
The actual costs of these projects were definitely debilitating to several of the proposals.
Kinder Morgan's original estimate was $7 billion for TMX. At the end of the day it cost 30 billion - paid for by the Canadian government.