More regulations. Sure, that’ll work. While Trump is busy removing mindless regulations and increasing competitiveness, Climate Barbie is creating more regulations and stifling growth.
The inevitable result of regulatory overreach, empowered opponents, further delays and uncertainty will be to make pipelines unattractive investments. At a certain point, no sponsor will risk millions in a project that is mired in controversy, especially without assertive leadership from the government of Canada — witness the Pacific Northwest LNG and Energy East project cancellations. So we are trapped, without access to international markets for our oil and gas.
The economic consequences of permanently landlocked energy would be hundreds of billions of dollars of lost revenue and a significant hit to employment, growth and funding for critical social programs like health care. In short, we would be a poorer country and only have ourselves to blame because we allowed government to squander our legacy.
