Are they purposely trying to push even more investment out of Canada?
Canada should be a massive magnet for investment.
We have a smart, hard-working population. We have nearly endless natural resources. We have a massive amount of space. And we are neighbours with the world’s largest economy.
And yet, instead of flowing into Canada, investment is fleeing our country like we have never seen before.
If the Kinder Morgan Trans Mountain pipeline is scrapped, that investment exodus will turn into a flood.
The deadline for the pipeline decision is May 31st, and many had been hoping that the government would provide greater assurance to Kinder Morgan and the entire Canadian energy industry/potential investors by passing legislation to assert federal authority in that regard.
A sense of confidence in a good business environment is essential for economic success, but instead of providing that, the Trudeau government is doing the exact opposite.
According to a CTV interview, “Days before the deadline given by Kinder Morgan for reassurance from Ottawa that the Trans Mountain pipeline expansion can go ahead, Justice Minister Jody Wilson-Raybould won’t say when — or even if — legislation is coming.”
Making things worse, the government is refusing to say whether they will support Bill S-245 which was already passed by the Senate. The bill declares the Trans Mountain expansion “to be for the general advantage of Canada,” an important designation that helps assert federal authority.
The Liberals also shouted down an effort to give unanimous consent to Bill S-245.
That means the government could easily have had the legislation brought before the House of Commons and passed quickly, yet they seem unwilling to do so for political reasons, since the Conservatives have been pushing Bill S-245 strongly.
This unfortunately fits with what I’ve said before: While the Trudeau government is pretending to support the Trans Mountain expansion – and while some individual Liberal MPs may support it – Trudeau and his top advisors seem to really want it to fail, while blaming others for its possible failure.
Hopefully for Canadians, the project will still go through, but if it does, it will be despite the Trudeau government, not because of it.
Photo – YouTube