The road to nowhere: Claims Ontario’s Ring of Fire is worth $60-billion are nonsense – by Niall McGee and Jeff Gray (Globe and Mail – October 26, 2019)

https://www.theglobeandmail.com/

Ontario Premier Doug Ford has talking points he’s fond of repeating – over and over again – and one of his favourites is a pledge to build a billion-dollar road to a boggy, remote region of Northern Ontario known as the Ring of Fire.

When asked about the promise by a reporter at a plowing match in September, Mr. Ford repeated almost verbatim an infamous tweet from last year’s provincial election campaign: “If I have to hop on a bulldozer myself, we’re going to start building roads to the Ring of Fire.”

“You’re going to see me on that bulldozer,” Mr. Ford declared, with a confident chuckle. The declaration by the Ontario premier is just one example of the big talk over the past decade by politicians of all stripes about the Ring of Fire.

The Ontario government has repeatedly played up the prospects for the region with breathless assertions about the supposedly stratospheric value of minerals in the ground, and an apparent bonanza of jobs and economic benefits that lie in wait for locals.

In a throne speech nine years ago, then-premier Dalton McGuinty’s Liberal government zeroed in on the Ring of Fire as one of the keys to reviving Ontario’s sputtering economy. In 2013, his successor, Kathleen Wynne, started claiming the mineral deposits were worth upwards of $60-billion.

That same year, Tony Clement, then federal minister responsible for northern Ontario’s economic development, likened the financial impact of the Ring of Fire to Alberta’s oil sands. In an interview with Huffington Post Canada, Mr. Clement claimed the riches could generate as much as $120-billion for the economy.

For the rest of this article: https://www.theglobeandmail.com/business/article-the-road-to-nowhere-why-everything-youve-heard-about-the-ring-of/