New pipelines are our ‘trump card,’ and, if given the necessary urgency, they could be built in a matter of years, not decades
There are countries who have successfully leveraged their resource wealth to enrich their citizens, and then there is Canada. Years of policies rooted in energy ignorance and centred around self-flagellation have made us poorer and vulnerable.
From cancelling new pipelines that would have diversified our customer base and shrunk our price discount, to abjectly denying the business case in coal-replacing LNG, we have chosen the path of servitude again and again. As bearer of the third largest oil reserves in the world, it didn’t have to be this way.
We live in a country where one in 10 people in our nation’s largest city rely on food banks to feed their families. We have “free” healthcare yet wait 10 hours to see a doctor in emergency rooms, with people dying after having left in frustration.
For the rest of this column: https://financialpost.com/commodities/energy/oil-gas/now-time-unleash-canada-enormous-resource-potential