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The Arctic

No, you can see the old ROW to Port Nelson and it goes all the way, this one is much further North and is only about 11.8km long. Might have been to access material from a quarry/borrow pit?

View attachment 100064
Got it. Yes, probably to a wayside pit. I can make out the remains of a small yard at the end. The Hudson's Bay Lowlands are dotted with eskers which are natrually occuring glacial deposits of sand and gravel.
 

Govt didn't approve the expansion after the Company spent $1.5 billion on it. Now said Company is $1 billion in debt and can't pay its creditors 🫠. It only contributes 25% of Nunavut's GDP.

Chinese are going to come in and buy this for pennies on the dollar!

Canada Carney GIF
 

Govt didn't approve the expansion after the Company spent $1.5 billion on it. Now said Company is $1 billion in debt and can't pay its creditors 🫠. It only contributes 25% of Nunavut's GDP.

Chinese are going to come in and buy this for pennies on the dollar!

Canada Carney GIF
Sound like a Transmountain pipeline deal to me.
Tentatively approved, waiting for final approval. Company spends the money to start project. Then bam sorry not approved, sorry.
How long until the government steps in to buy the infrastructure?
 

Govt didn't approve the expansion after the Company spent $1.5 billion on it. Now said Company is $1 billion in debt and can't pay its creditors 🫠. It only contributes 25% of Nunavut's GDP.

Chinese are going to come in and buy this for pennies on the dollar!

Canada Carney GIF
1/90th of the HSR good for the economy of Nunavit but doesn't pass the indigenous test. Can see both sides of this sort of but I can also envision the same outcome for any developments involving first nations/Eby with the BC bunch. So tell me again why the pipeline people are going to jump at the chance to gamble a billion on a new development. I may be totally out of touch but if by investment councilor were to propose this to me I would be looking for a new councilor.
 
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