Canada's federal budget: Investment to keep output high is not encouraged by this budget's allocation of capital nor its support for rigid rules about who gets what
What the budget doesn’t say is that much of the regulatory bramble in which projects become entangled these days is a result of the government’s own “no more pipelines” bill. What has changed since its deadly early days when the Trudeau government made regulatory evaluation of major projects more complex and demanding, is that now the big projects are ones the government itself wants built, like a national clean energy grid and carbon sequestration pipelines, not fossil fuel pipelines.
That begs the question of whether in order to prosper in a green economy you have to lead in the production of its basic technologies. That hasn’t really been true in all the other kinds of economies we’ve had . It’s not clear it will be true in the green economy: some countries will buy green technology and do all sorts of other wonderful and profitable things with it.Article content
Sorry to bore you with all that, but it does suggest the extent to which potential investors in Canada are already likely to find themselves surrounded by little green bureaucrats offering backpacks stuffed with money.Article content
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