mining royalties

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Back in Canada’s pre-Confederation days, one selling point for uniting the then-disparate British provinces was to drop existing barriers to commerce. The hope was for a country with a free-flow of trade and services in which all could potentially prosper.

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Quebec’s political leaders seem to have fallen for the Great Green Dream of economic prosperity without energy or natural resource production. It’s a magical vision of a world powered by unicorns and rainbows, where consumer goods are somehow conjured out of thin air rather than being manufactured with resources extracted from the ground. But experience in Europe as well as in Ontario show that chasing the green dream is a path to financial ruin, not utopia.