Oh, the Conservatives under PP absolutely would have made a deal.
The problem is, they would have made that deal by giving Trump everything he wanted, plus a Golden Beaver or some such bribe. They’d have sold Canada down the river, and then bragged about it for the next decade, no matter how badly it turned out for us.
You mean like Brian Mulroney did when he signed NAFTA in the first place?
Unlike Justin’s actions that cost us a trillion dollars and huge debt? Responsible government on display there. Carney has only doubled that debt so far, we’ll see if he can match Justin in the other. Mou with Alberta is humming along. So far only a potential bill of $43B for a pipeline that taxpayers will pay for. What a joke.
But I thought you (as in Alberta) already paid for everything anyway. So if you look at it that way, this pipeline is basically free! No opposition from the BC government. A route that follows the existing pipeline hence less conflict with the locals. Increased capacity for the other pipeline. Seriously, I thought you’d be happier.
As for why the taxpayers are paying for it… Well, we’ve got an answer to the regulatory side now that says yes, pipelines are indeed possible. If this pipeline is cleared to go ahead by all major governments involved, you’d think industry would jump at the chance to get some more of that black gold sludge out of tar sands. Why is it that ultra-rich companies don’t want to put up money I wonder? The risk has been socialized and now the profits can be privatized! But they’ll have to spend money to make money. How dare we ask such a burden of our wealthiest corporations!
Funny thing is I don’t want taxpayers to pay for projects that the industry can pay for on their own. If it is profitable, then they will pay for it. If not, then it doesn’t get built.
Just because Carney says everything is ‘socialized’, doesn’t mean shit. Businesses trust him about as far as they can throw him. When he actually rationalizes the approval process and makes it transparent with time boxed processes, then industry won’t be interested.
The carbon tax will add ~$10/bbl. What economics would justify that? There is no market on this planet that buys oil at a markup because it is ‘carbon neutral’. All sorts of factors that make this a hard ‘No’ for industry. Pembina is on board for 10%. You can bet that they have all sorts of caveats that allow them to bail.
The key indicator here is that there are no customers at this time to fill the pipeline. It’s a pile of shit most likely to placate Albertans from pulling off a brexit.
Grievance politics does not allow for happiness. There must be more grievance to be found. It’s grievance all the way down.
Grievance politics is demanding benefits because you believe you’re owed something. I’m arguing the opposite: stop manipulating the market, let private investors decide where to risk their capital, and let governments focus on creating a stable, predictable legal environment.
Which they have now done. Let us see the private investors line up. (crickets)
Which they have not done as there are no investors lining up.
How do ‘you’ know this is true? Because Carney said so. I know because of the trillion dollars lost over the last decade as laid out in the RBC report.
Circular reasoning for the win.
Investors will line up if there is a profit to be made and the risk is manageable. The risk is too high and the return is questionable.
CNRL cancels expansion due to uncertainty on carbon pricing
I’ll await your cite on an $8B investment because of carbon pricing and how it is making us more competitive and increasing investment.
Correct. The federal and provincial governments have now reduced the political risk. The main risk now is what will happen to the price of crude, given worldwide uncertainty, and the certain trajectory of decreasing dependence on oil by China and other countries.
The return is therefore questionable. Who knows what the price of crude will be when a pipeline is finished construction?
THIS is why private investors are wary.
Which leads us to getting taxpayers to take on the risk, for the benefit of multinational companies. Same as it ever was.
Except the companies aren’t claiming that the cost of crude or China, or any other issue is stopping them from investing. It is clearly the uncertainty of the environment in Canada. Carney can claim anything he wants, yet all the laws on the books are still there, the tanker ban, the no-pipelines bill, all are still in effect. Just his word that he’ll look at each project and ‘fast’ track them.
There is no revised KORUS agreement; the old agreement remains in place, South Korea just bribed him to stick with an illegal 15% tariff instead of 25%.
There are verbal and nonbinding understandings and promises of future trade pacts. What you don’t seem to grasp here is Trump has failed to make new deals pretty much across the board. Other countries are almost entirely just throwing flowers at him and hoping he’ll die soon.
A damning opinion piece in the G&M towards PP and his leadership of the Conservatives.
Nothing what most Canadians, this board, and even doubting CPC MP’s haven’t already came to after the last election. It just seems that now people are saying it out loud: PP is inadequate; he is a reflection and a driver of the current CPC culture; he is never going to change, and the CPC will never change as long as PP is in charge.
There is a reason: Mr. Poilievre is a man ill-equipped, intellectually, for the times the nation faces.
He is most at ease when he’s lobbing gratuitous, often childish insults in the direction of whoever is prime minister, all while wearing a look of smug self-satisfaction. He seems incapable of reading the room. Faced with an existential threat from Canada’s closest neighbour and strongest trading partner, Mr. Poilievre delivers vacuous sound bites about how all would be fine if only he were in charge.
This from a political leader at the top of a party whose priorities, it would appear, include an inquiry into the COVID-19 vaccine. The self-described freedom convoy folks and anti-vaxxers must be thrilled they still have someone fighting for them in Ottawa.
Which you could say about any year he’s been in Parliament. He was never more than an attack dog who gave out useful soundbites.
Before someone jumps in to denounce the Globe as the paper of the eastern Liberal elite, I believe its editorial stance in federal elections has been
Conservative: Supported in 1980, 1984, 1988, 1997, 2006, 2008, 2011, and 2015.
Liberal: Supported in 1993, 2000, and 2004.
No Endorsement: Declined to endorse any party in 2019 and 2021
The paper is rated right-centre by Media Bias Fact Check. It’s not the cutting edge of the revolution, in other words. Whether that matters to the Poilievre supporters is of course another question.
Never in time has it seemed that the current party in power for over 11 years is so concerned about the leader of the opposition. The liberals are in power and bought their majority, so why do you care what the conservatives are doing or who their leader is? It’s not like the Liberals have ever listened to the opposition other than to find out which part of their plank appeals to the voter and abscond with it even if in direct opposition to what they were promoting previously.
Yes, why ever would we be concerned that the party that routinely swaps being the government with the Liberal Party has selected a series of increasingly bad leaders? What could we ever be worried about?
We’re not holding PP responsible for poor governance, but utterly failing at providing to be an opposition to Carney’s Liberals. He has FAILED.
Maybe if PP was less worried about petty partisan sniping, culture warring, slogan games, clip-chimping, photo gimmicks, and stupid stupid infighting, he wouldn’t be giving the Carney CPC MP’s or bleeding support to the Senate.
Canada deserves an opposition that isn’t a frat club who doesn’t care about governing. The CPC will always be here. Why can’t it be the government-in-waiting? Why can’t it move beyond PP to any number of other talented MP’s? (not Jamil Jivani)
PP is a failure. Whatever you think how good his politics are. He, personally, has failed at his job. The CPC should just move on. But hey, perhaps this is 5D chess and I’m really trying to sabotage the CPC. PP will lead strong for 10 more years.
It is the government in waiting. That you don’t like PP’s way of responding or of holding the ruling party to account is your problem. No replacement will do different. And as to whether he is a bad leader, it isn’t the leader that will prevent you from voting for the party that you’d never vote for. He’d be the PM now if it wasn’t for the Elbows Up brigade who think Trump will invade Canada and the continued focus on him by the CBC rather than the failings of the Liberals who have delivered the lowest growth of any leader in their first year and the only recession in the G7.