There was a time when the BC Teachers Federation joined in the Battle of Seattle protest claiming all kinds of cataclysmic events would flow to Canada from a Free Trade Agreement with the US. Well, here we are 30 years later and.....
Today Michael reams off a list of political moves that are so inconsistent and frustrating it will be hard for the average voter to hear. Nevertheless here they are as its better to know where we have gone wrong than to ignore.
Heaps of Governments development fees, green levies then you've got taxes, taxes, taxes, regulations and more regulations. The numbers are choking buyers. Mike spells out the reasons prices are so high.
When the Energy East was canceled by Trans Canada Pipelines, the country that benefited most was the US, the biggest oil exporter to the east coast. The biggest victory was gained by the big US Environmental groups, who spend millions and brag about upending Canadian Governments.
Was it oil prices or regulatory burdens that made Trans Canada abandon Energy East? Well, changing the approval process after the Company had spent 100's of millions of dollars certainly changed the risk to reward calculaton, plus introduced more uncertainty to the project.
The Anti-Oil Anti Resource crowd is de-facto Anti-Healthcare Funding, Anti-Old Age Security, Anti-Subsidized Daycare etc. Not one leader who opposed the use of oil has put forth any realistic solution to funding the increased cost of Government. Kinder Morgan alone was estimated to put in 47 billion over the next 20 years!
Canada is the only country working hard to prevent the benefit of our natural resources. Trans Canada's decision to ditch building a 15.7 billion dollar pipeline has the US, Algeria, Saudi Arabia, Nigeria and Angola smiling wide as now they'll continue selling their oil from despotic regimes to Eastern Canada!