Is Ottawa at war against Alberta?
A week before the Trudeau Government was likely to turn down the project, and after years of jumping through environmental hoops, Teck Resources out of Vancouver cancelled plans this week to construct a $20.6 billion oil sands project north of Fort McMurray which would have employed up to 7,000 people.
Teck’s reasoning, one we have already discussed here, was Canada’s ongoing debate over climate change policies. This Frontier Oil Sands Mine Project had received federal-provincial approval from the bureaucratic panel which stated it was in the public’s interest for it to proceed. As well 14 different Aboriginal bands around the mine were looking forward to the work, revenue and prosperity it would have provided them.
Besides the thousands of jobs lost, the government itself will lose up to $70 billion in tax revenue. But apparently this is all okay for the Federal Liberals, as it is just one of many such projects which have collapsed under their watch as they pander to the Climate Change Cult.
Let’s not forget the Malaysia’s Petronas Bhd. which in 2017 scrapped its $36 billion liquefied natural gas export project because of low prices and environmental problems with British Columbia. . . . contd.
