Anyone in a job where you have OPEX budgets knows how this can happen. I had an asset in spurh Alberta and the annual budget needs to be prepared, you put in proposals for major maintenance and capital spends such as major compressor overhauls or high risk pipeline inspections.
They say propose a budget with projects and spends in this whole song and dance charade, instead of just giving you the number and they start cutting things they should not.
This is probably multiple admonistrations over decades of pushing off spend 'until next year'. Then a catastrophic failure happens and they play stupid. Its kicking cans down the road because they will likely not be holding the bag.
But at the same time you cant just give out blank cheques.
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