Pipelines, energy and natural resources

[Altair]

Agreed I think there is a business case, but, the outcome means lower prices, and a elimination of the price differential of cheap oil going to US refineries which will cut into the profits of many.

Canadian industry prefers small profitable fiefdoms to international market share.

Always has been, always will be.

 

[MilEME09]

Canadian industry prefers small profitable fiefdoms to international market share.

Always has been, always will be.

In hind sight, I wonder if we would have a much different playing field if petrocan was still a crown corporation. If it was i bet TMX would be owned by them today

 

[Altair]

In hind sight, I wonder if we would have a much different playing field if petrocan was still a crown corporation. If it was i bet TMX would be owned by them today

Oh, 100 percent. It's why privatization doesn't always work and why Crown Corps still serve a very important function.

Crown corps can tolerate risk, as the government will always backstop them. Private industry...no.

This may be outside the perview of this thread, but in the grand scale of Canadian Companies, which one has successfully pursued global expansion as opposed to being fat and happy within the Canadian economic space? Couche Tard and Brookfield? Telling that the guy who rans one of those is the guy running the country now, with a international focus.

Back to pipelines, if Oil and Gas companies have most reasonable restraints removed from them and still wont fund or invest in a pipeline, just toss them onto the pile of Loblaws, the big banks, and Weston as corporations that grow fat, lazy and happy with zero interest in expanding outside of Canada.

We need more McCains.

 

[brihard]

This may be outside the perview of this thread, but in the grand scale of Canadian Companies, which one has successfully pursued global expansion as opposed to being fat and happy within the Canadian economic space? Couche Tard and Brookfield? Telling that the guy who rans one of those is the guy running the country now, with an international focus.

TD, BMO, RBC, and CIBC all have significant U.S. subsidiaries.

 

[Czech_pivo]

TD, BMO, RBC, and CIBC all have significant U.S. subsidiaries.

TD has more branches in the US than in Canada.

 

[Czech_pivo]

TD, BMO, RBC, and CIBC all have significant U.S. subsidiaries.

Scotiabank has a very large footprint in the Caribbean, Mexico and Central/South America.
For certain the golden child in non-North American expansion.

 

[Kirkhill]

Step 1 Give away free gas to AI centers

Step 2 Tax waste CO2

Step 3 Use CO2 taxes to build oil pipeline.

Step 4 Use waste heat from Data centers to heat communities and reduce the viscosity of the oil in the pipeline.

Business will buy in when the project is derisked.

 

[childs56]

This is a gross misrepresentation of what happened.

The projected was brought to a halt because TC lost in court over flawed indigenous consultation.

And environmental roadblocks, BC government added requirements along with the Federal government added more requirements. Don't forget the City of Burnaby's permits. Magically all got approved or set aside after the fact.

Instead of going back and doing it right they wiped their hands.

They actually did things properly. Were in the final stages of full project approval. Parts of the project had already started with the bulk of work waiting on the final sign off from the various levels of governments. Who added and changed the process at the final stages.

The feds then stepped in, took over, redid the consultation, etc and didnt get stopped in court.

They controlled the courts, through regulations. No surprise there.

Yes it took billions more but thats what happens when you gotta build the entire back end of a project from scratch.

What back end did they have to build. The entire project was approved except for a few final approvals. The pipe was already ordered, much of it delivered contracts were already signed. Final sign off magically got approved once the government stepped in, the very ones who put the road blocks up.

Since 2015 over a hundred O&G related projects have been approved by regulators. The first new oil sands mine in years just started up with the greenfield project. All approved under the so called anti oil regulations.

LOL, you mean the project that has been on the books since 2013. That's pretty funny.

 

[childs56]

There is nothing wrong with Alberta ponying up their own money. In fact, considering Canada funded the last pipeline, I think it's high time Alberta pick up the bill this time.

I just think that it's delusional that Alberta thinks private industry will step up to the plate.

Private projects should not become public infrastructure. That is what we would call socialism.