Depending on who you listen to, the demise of Energy East – the pipeline that would have shipped western crude oil to eastern Canada – is either a triumph or a disaster.
We got here because the Trudeau government's energy policy is fundamentally incoherent. They want to be all things to all people, and that – despite their assurances to the contrary – is just not possible. The environmental lobby is absolutely opposed to any incremental hydrocarbon production. But incremental hydrocarbon production is absolutely essential to capital generation, wealth production and our standard of living.
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