The Canadian Pacific Railroad is the most famous case of federal involvement in infrastructure projects.
oil and gas
Bill C-69 would completely overhaul how major energy projects are reviewed by government in Canada.
For much of the summer, the federal government will backstop construction costs by Kinder Morgan, a private firm.
Pipeline expansion project may generate $50 billion in government revenue over 20 years.
Kinder Morgan stopped all “non-essential spending” on the $7.4 billion project due to regulatory, legal and political barriers.
Capital investment in Canada’s oil and gas sector declined by an estimated 44 per cent from 2014 to 2017.
The proposed Enbridge Line 3 pipeline would carry 760,000 barrels per day from Alberta to Wisconsin.
Cenovus recently announced it will cut production from some of its oilsand projects.
The recent move by Kinder Morgan on the Trans Mountain pipeline was a massive blow to Canada’s investment attractiveness.
Without adequate access to pipelines—the cheaper and safer mode of transportation—there has been a shift to more crude-by-rail.