Over the past few days, we’ve seen a spike in concern trolling editorials about the state of natural resources projects in Canada, predicated by Petronas’ decision to cancel the Pacific NorthWest LNG plant in BC. And reading through these editorials, be they from John Ivison, the National Post editorial board, or Licia Corbella (well, that one I’m not bothering to read or link to because she’s a fabulist who doesn’t deserve clicks), but the effect is the same – woe is Canada’s energy sector because of too much government regulation. They also claim that the excuse of market conditions is just political cover.
The problem with that, however, is that it doesn’t actually take the facts into account – it’s merely asserting their pre-existing narrative onto the situation, which is why it’s well worth your time to read Andrew Leach’s exploration of the economic case and conditions for why Pacific NorthWest didn’t go ahead. And when people like Ivison say that projects are going ahead in the US and Australia, Leach explains why (and it has a lot to do with pre-existing infrastructure that BC doesn’t have). So yes, there is a very big market reason why the project was cancelled, and perhaps these editorialists should actually read up on just what that is before they make facile pronouncements, because trying to force a narrative onto the facts is doing a disservice to Canadians.
Good reads:
- While in Manitoba, Justin Trudeau reiterated that the company that owns the rail line up to Churchill has to pay for its own repairs.
- Today, Trudeau will be in BC to see the wildfires and talk to evacuees and first responders.
- More proposed protectionist measures in the US loom against coming NAFTA talks.
- Here’s a look at the issue of giving prisoners access to things like email.
- The government quietly unveiled new drone regulations that loosens up many of the restrictions.
- A report from the Privy Council shows that the use of French is stagnating in the public service.
- The High Arctic research station that Stephen Harper promised is nearly complete.
- Here’s a look at the future of the Bloc, and the history of the province’s tendency to vote against national parties.
- The NDP leadership race is headed into high gear, and here is a reminder of what the key planks of each candidate is.
- As expected, Jason Kenney has thrown his hat into the ring for the new United Conservative Party leadership in Alberta.
Odds and ends:
Here’s a look at how solar power is changing one Arctic town, where the reduction in noise is a big change.
I think the editorialists pushing this and other populist viewpoints are fully cognizant of the facts. After all, most were smart enough to get through college, and all have had sufficient training in how to research an editorial.
Therefore, while I admire your use of fabulist, I believe the term could be expanded to include many others, and that other terms like: “cynical,” “corporate sycophant,” or “Quisling” could be applied with equal ease.
Hi Dale, it’s been a long time but there are some things we need to understand about the real story here. This deal was dead one year or more ago. So, is a foreign-owned company Petronas meddling into BC politics by waiting until after the election to cancel the project when it should have been announced a year ago? Further, rather than cancelling, we should complete the project and by that time, the next wave of LNG demand will be coming. Horgan should get another investor to buy out Petronas and start the project up.