betsy Posted February 10 Report Posted February 10 We've gone that way already! We were supposed to do that! UNTIL THE LIBERAL PARTY PUT AN END TO IT with all the bureaucracy! Remember the TRANS MOUNTAIN pipeline? The LIBERAL boondagle about it? Top 3 Reasons Why the Energy East Pipeline Failed #1 – Protracted Regulatory Uncertainty Despite having widespread support from a diverse group of Canadians, business organizations and companies, the Energy East project faced a litany of regulatory hurdles which included (but are not limited to) [2]: Extensive and protracted information requests beyond initial filings Recusal of the original National Energy Board (NEB) and its replacement by a new panel of limited pertinent regulatory experience Failure to use the existing regulatory record prior to the NEB’s recusal Inadequate security arrangements for attempted public hearings The government’s decision to change the scope of issues to be addressed by the project proponent in subsequent hearings #2 – Huge Initial Costs with No Guarantees Since the project was first conceived in late 2011, its proponent spent more than $1 billion on initial steps – the vast majority of which related to regulatory processes and approval [2]. It is hard to imagine a scenario where any private company would ever spend such a vast amount of capital seeking regulatory approval if it had first known the extensive risks involved [2]. #3 – Lack of Government Support The NEB’s decision to re-scope the Energy East project, a move supported by the federal government, was the last straw for the proponent before terminating the pipeline [2]. Dennis McConaghy, a former TransCanada executive who worked on the project, suggested that contrary to the public announcements, the federal government’s actions throughout the regulatory process showed that it was not supportive of growing the hydrocarbon industry [2]. "I think it's going to be daunting for any [corporate] board in Canada, given the experience of the last 10 to 15 years, to really take the risk — what I would call the political and regulatory risk," said McConaghy in a recent CBC interview when asked about reviving the project [3]. Obstructing Canadian pipeline development like Energy East has done nothing to stop the growth of oil consumption globally. Instead, it has made Canada’s export-based economy weaker over the long haul while ceding massive economic opportunities to other jurisdictions abroad. If built, Energy East would have helped insulate the Canadian economy from U.S. tariffs, making our economy stronger and also less reliant on our largest trading partner. ww.canadaaction.ca Quote
betsy Posted February 10 Author Report Posted February 10 (edited) LOl - TRUDEAU even bought THAT pipeline when it was abandoned by exasperated investors! And to think............... We could've had it for FREE! Instead...... Remember this fiasco? Liberals to buy Trans Mountain pipeline for $4.5B to ensure expansion is built Canadian public could also incur millions to construct expansion project with estimated price tag of $7.4B https://www.cbc.ca/news/politics/liberals-trans-mountain-pipeline-kinder-morgan-1.4681911 Without the silly bureaucracy that drove away the owners.......the Trans Mountain pipeline could've been operating, and fully established by now! IF EVER we're going to see this new pipe line they're now talking about - which would more likely be just another costly pipe dream if we have another Liberal government - we're coming in too late in the game! Are you willing to trust the LIBERAL government to another grand scale investment at a time like this? Edited February 10 by betsy 1 Quote
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