Quote:
Originally Posted by Firebot
The market case will change if exports to the US gets shut down / hampered significantly and reality sets in.
Energy East isn't in serious reconsideration because Bill-C69 exists and Quebec opposition is fierce. Both of these make it a non starter for any company and there is no capital available.
So yes, you are correct that most likely the government would need to subsidize it at this point and pretty much lead the project (much as it had to do with TMX after pissing off Kinder Morgan to the point they bailed on the project). That is the cost of alienating infrastructure investment but you still need that infrastructure.
|
I think you are missing my point.
East west shipping doesn’t make sense economically. From grain to oil to manufacturing. Distances NorthSouth are shorter.