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Originally Posted by GGG
How does the sovereignty act help more pipelines get constructed? The current federal government will have the Line 3 expansion and TMX come online. With TMX in particular the current government saved the pipeline after regulatory failures of the previous government. So I guess I don’t understand the basis for the statement quash any and all pipelines. I also don’t see how the sovereignty act would helped Northern Gateway or Keystone get constructed.
As to why the sovereignty act kills investment is it creates an uncertain regulatory regime in the province. How can you invest if it’s uncertain any of the laws and regulations actually apply. Say for instance the sovereignty act is used to try to fight the carbon tax. Would a company invest using economics based on not having to pay carbon taxes on emmissions? Or would they have to wait until the resultant court cases over the constitutionality of the act are settled.
Any good business would wait or not account for it in economics or seek guarantees from the province that they would not be liable for any violation of federal regulations. In any case uncertainty is going to harm business investment
Can you explain an instance of being “stomped by Ottawa” that you believe the sovereignty act will help?
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If they are already planning on investing here with the carbon tax in place, why would it be different if it was in the challenge being in the courts. They either pay it as is, or pay it if the court case is lost or best case they don’t pay it at all if the court case is won.
As for the carbon tax it would allow us to challenge it on the process of our ability to use technology to recapture. We could use arguments that show how much of the new technology could lower the carbon footprint and allow other ways that Alberta is doing their part but challenge the carbon tax as it is hurting all Albertans.
Another major federal policy is the fertilizer ban on Canadian farmers. Trudeau is calling for major fertile reduction in the coming years. Canadian farmers already use very efficient strategies to minimize fertilizer use but yet use the right amount to achieve the highest possible yields. That policy would do nothing but cost Canadian farmers yields and profits. A profitable agriculture industry is one that helps all of Alberta. In a time where the world needs more food, it seems asinine that a government would enact policies that force farmers to produce less food and pay less income taxes.
The sovereignty act could protect Albertans in that situation.