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Trans Mountain—socializing costs is not the answer
Last week, the Trudeau government did what innumerable governments do when they become frustrated over failure to achieve a political aspiration—they throw money at it. Federal Finance Minister Bill Morneau (pictured above) announced, ...
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The high cost of getting climate policy wrong
The Internet is abuzz over a recent report by the Parliamentary Budget Office (PBO) that shines some light on the potential impact of the federal carbon tax plan on Canada’s economy. Specifically, the report shows that the carbon price ...
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A defining moment for Canada
A meeting this Sunday in Ottawa between Prime Minister Justin Trudeau, Alberta Premier Rachel Notley and B.C. Premier John Horgan may help influence Canada’s investment potential for years—perhaps decades—to come. The recent postponement ...
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B.C.-Alberta pipeline war imbued with environmental hypocrisy
Last week, in the latest skirmish in the British Columbia-Alberta pipeline wars, B.C. Premier John Horgan (pictured above) responded to an Alberta threat to turn-off the oil taps to B.C. (thus hiking gas prices in his province) by saying ...
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Premier Notley and pipelines—better late than never
One must give credit where credit is due, and Alberta Premier Rachel Notley’s evolution on pipelines is due some credit. She fired a warning shot with the short-lived British Columbia wine embargo, but is unlimbering some far heavier ...
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U.S. invites new oil and gas investment while Canada lags behind
Last week, America’s oil and gas sector received good news on the investment front. Pembina Pipeline Corp’s CEO Mick Dilger said that the next “game-changing” project could be in the United States, not Canada. He’s referring to the ...
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In Alberta’s wine war with B.C., I’m siding with Australia
B.C. premier John Horgan threatens to delay the Kinder Morgan pipeline expansion yet again so Alberta premier Rachel Notley cancels Alberta’s purchases of B.C. wine, at least those that take place through the Alberta Gaming and Liquor ...
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Costly regulatory delays loom over Canada’s energy industry
Last week Kinder Morgan projected that the Trans Mountain pipeline project could be a year behind schedule as it continues to face permitting delays. The company initially expected the $7.4 billion project to be in service by late 2019, ...
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GST revenues from carbon-pricing—likely another tax grab
This week, as Canadians were sliding into their holiday mindset, the Parliamentary Budget Officer (PBO) released a report estimating the GST revenues collected by the federal government through existing carbon-pricing schemes in four ...
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The key fiscal lesson of Canada’s first 150 years—spend prudently
As 2017 draws to a close, Canadians can reflect not only on the outcomes of the last year, but in this milestone 150th year of the federation, also where we are headed. What shall Canada’s economic achievements be as the next 50 years ...