Wednesday, December 19, 2018

$1.6BILLION BAND-AID DOES NOT FIX THE PROBLEM

  Ottawa said it is setting aside $1 billion in financial support from Export Development Canada for companies to make capital investments and buy new technology, another $500 million in new loans over the next three years from the Business Development Bank of Canada, $100 million for energy and economic diversification projects, and $50 million for an unnamed oil and gas project.
   “We’ve got a revenue problem. We need to have more revenue coming in the door,” Mah said, adding that Canada needs “many” new pipelines built and a better, faster process for pipeline approvals.
   “They’re not listening. There’s a disconnect. It just seems to be like, ‘here’s a Band Aid’,” Mah said of the loan announcements.
  Lorne Gunter:   Did Sohi and Carr promise the feds would not impose their carbon tax on Jan. 1 after all? Did they announce Bills C-69 and C-48 would be scrapped – the pair of Liberal bills currently before the Senate that are designed to make future pipelines next to impossible?

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