What could Trudeau do to prevent another Trans Mountain debacle - but isn't

What_could__Story_Pic.jpg

COMMENTARY

by Dennis McConaghy

Financial Post
June 7, 2018

The federal government’s promise to buy the Trans Mountain pipeline was not ideal, but it was preferable to a total breakdown of the project. Nationalization was the federal government’s last remaining market-access option for Canadian oilsands entirely within its own jurisdiction.

That the Trudeau government was compelled to resort to this option is a testament to the dysfunction of our approval processes for major hydrocarbon infrastructure. A project that had all of the requisite regulatory approvals and had not to date suffered any substantive reversal in the courts was nevertheless deemed by its private capital investors as too risky to try completing.

Regardless of whether Trans Mountain is actually completed, as the Trudeau government promises, and eventually sold to private-sector interests, as it also vows to do, the question for reasonable Canadians is what we’ve learned from this outcome.

Image credit: Radio NL

CLICK HERE TO READ THE FULL ARTICLE AT FINANCIAL POST


Be the first to comment

Please check your e-mail for a link to activate your account.
SUBSCRIBE TO OUR NEWSLETTERS
 
UPCOMING EVENTS

CONFERENCE
Canada in the World

May 12, 2020

Ottawa, Ontario


SEARCH
THE CGAI PODCAST NETWORK

Wrap up armchair discussion on Canadian trade

March 30, 2020

(feat. Colin Robertson, Allison Gifford, Rachel Bendayan, Randy Hoback, and Brian Masse)




The Maritime Dimension of North American Defence

March 27, 2020

(feat. Dave Perry, Capt (N) Doug Campbell, John Sanford, Neil O’Rourke, and RAdm Steve Waddell)



EXPERTS IN THE MEDIA

Coronavirus in the city: A Q&A on the catastrophe confronting the urban poor

by Andrew Gully (feat. Robert Muggah), The New Humanitarian, Apil 1, 2020

Latin America’s Prisons Get Uglier with Coronavirus

by Mac Margolis (feat. Robert Muggah), BNN Bloomberg, Apil 1, 2020

Alberta needs a lifeline, or expect bankruptcies

by Larysa Harapyn (feat. Kevin Birn), Financial Post, March 31, 2020


LATEST TWEETS

HEAD OFFICE
Canadian Global Affairs Institute
Suite 1800, 421-7th Avenue SW
Calgary, Alberta, Canada T2P 4K9

 

OTTAWA OFFICE
Canadian Global Affairs Institute
8 York Street, 2nd Floor
Ottawa, Ontario, Canada K1N 5S6

 

Phone: (613) 288-2529
Email: contact@cgai.ca
Web: cgai.ca

 

Making sense of our complex world.
Déchiffrer la complexité de notre monde.

 

© 2002-2020 Canadian Global Affairs Institute
Charitable Registration No. 87982 7913 RR0001

 


Sign in with Facebook | Sign in with Twitter | Sign in with Email