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Transmission issues raise sensitive questions.

Recently, closer to home, regulators rendered a decision which put a break on a significant long-term contract for electricity transmission to Massachusetts.

 

At a certain point, after a reasonable process, useful projects should go ahead.

www.iedm.org/77253-trans-mountain-pipeline-trade-war-benefits-no-one

 

There is an energy transition/revolution coming but it won't happen overnight.

FWIW, I signed the petition.

 

 

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Signed!  The descent of Western political systems into ideological vs. rational/ strategic postures is definitely a threat to our continued security and prosperity.  This issue is but one example, among many.

 

FWIW. I have no issue with the post staying where it is, as the issue is one of both political and investment significance.  Indeed, I may not have seen the petition in the Politics section as I do not go there regularly; however, the relevance of the post to my investments is significant. 

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Energy East? That one is easy.

 

Cut equalization payments to Quebec to zero. This program is ridiculous. Quebec gets $13 billion/year because it does not have the same natural resources and related profits as Alberta and Saskatchewan.

 

Excuse me? What about massive hydro energy? Isn't this natural resources? Sure you have to invest to harvest it or same as oil but, it should count IMO.

 

And what about shale oil and gas in the Apalachian area and basically all the way down the St Lawrence River which they essentially blocked the exploitation for years?

 

What about all the gold, copper, iron?

 

Then these guys block the Western side of the country from shipping its oil while they are one of the largest beneficiary???

 

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Agree 100%. It makes no sense whatsoever for Atlantic Canada to have to import oil from the Middle East and Venezuela while Quebec holds Atlantic Canada and Alberta hostage. Excuse my language, but someone once described Quebec as the "pimple on the prick of progress".  Seems apt to me.

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Some thoughts for perspective.

These potentially unifying projects raise issues that are larger than simply return on capital.

I was/am part of the converted on this but want to respectfully submit that the "promoters" of the pipelines (my perspective FWIW) have used and continue to use an adversarial approach which was even considered by many to be colonial in nature.

I bet that if the project would have been presented as some kind of constructive partnership, the outcome could have been very different.

 

Some time ago, Dale Carnegie wrote: How to win friends & influence people.

Recently the University of Calgary produced a paper that is widely available.

www.energy.ca/energycouncil/sites/default/files/files/Of-Note-Publications/cnepra_-_energy-white-paper.pdf

 

Energy projects will remain and perhaps will become more and more controversial.

A while back, the formation of a transcontinental railway link was controversial but was an important milestone in Canadian history. The end of the line was a condition for BC to join the Confederation.

These projects have a potential to unite. 

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"These projects have a potential to unite."

 

They have. However, forget about uniting them all which is the problem with current politics of trying to please everybody. Special interest groups have become way too powerful.

 

In the case of Quebec, a stick and carrot approach is needed IMO. They cannot expect to be entitled to all this money and then to turn their back. Its the Federal that needs to stand up and say enough is enough.

 

Think 50 years from now and renewables are a much large piece of the pie or even all of it with fusion, do you see Quebec sending equalization payments to Alberta since they no longer have any useful resources?

 

Regarding B.C., if they were asking something reasonable in return for their cooperation: some equalization payments, better environmental guarantees, a certain percentage of jobs and economic activity to participate in these projects, things would be much smoother.

 

However, you have environmental obstructionists who will not accept anything. They think that they are doing a favour to the planet while all they are doing is hurting their citizens and the oil or gas is produced elsewhere with less environmental care.

 

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