JOHN CHUCKMAN COMMENT: CANADA’S GOVERNMENT SET TO BUY TRANS MOUNTAIN PIPELINE TO ASSURE ITS EXPANSION FOR CRUDE EXPORTS TO ASIA – A PRIVATE PROJECT LONG HELD-UP IN GREEN CONTROVERSY   Leave a comment

John Chuckman

COMMENT POSTED TO AN ARTICLE ON CBC NEWS

 

“Bill Morneau’s Kinder Morgan surprise comes with huge price tag, lots of political risk

“Ottawa says buying the company’s Trans Mountain pipeline is the only way to ensure the expansion gets built”

 

Bill Morneau has finally delivered something worth having from the Justin Trudeau government.

And thanks for that, Mr. Morneau.

No matter what your views on green matters, the fact is that the world still runs on oil, and it will continue to do so for a very long time.

We are so far from having practical, everyday substitutes that it makes no sense to go on and on about them. When the technology arrives, as it will, we will happily all embrace it.

In Alberta, Canada has one of the world’s great hydrocarbon resources in the tarsands, but because of limited access to markets, the industry suffers.

Just across the Pacific are huge, booming markets for our hydrocarbons, and putting the two together is so basic and sensible, I shouldn’t think it needs explaining.

You know, too, that our world faces terrific economic threats owing to reckless acts by the United States. We need to do everything possible for our future, diversifying and expanding, and this very much represents an opportunity to do so.

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