To summarize: the day Trudeau took office three of the most respected pipeline companies in the world were ready to put shovels in the ground and build pipelines to ocean water — all three have now abandoned those projects.
Finally, the government has introduced bill C-69, which nearly doubles the timelines for proposed projects from 18 to 29 months and requires ill-defined studies of sociological issues before they can go ahead. A former TransCanada CEO called it an “an absolutely devastating piece of legislation”. Both he and the Canadian Energy Pipeline Association have said the bill would mean there will not be another pipeline built in Canada if the bill passes.
Not only would that allow Trump’s America to snatch our pipeline investment, but also to continue taking our oil at discounts of almost $40/barrel or half-price, at a cost of billions of dollars and thousands of jobs.
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