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McTEAGUE: From backroom deal to boondoggle: This is no way to build a pipeline
The devil’s in the details — why this pipeline deal is a Trojan Horse for Canadian consumers.
Dan McTeague is President of Canadians for Affordable Energy.
As I said in the lead-up to the announcement of this recent Carney-Smith pipeline deal, “the devil is in the details.” And now that I’ve had some time to digest the details in Thursday’s Memorandum of Understanding (MOU), I will say, the details are positively demonic.
Now, that doesn’t change the fact that I am very much in favor of building out our pipeline infrastructure. Oil and gas are the backbone of the Canadian economy, and they need to get to market.
And pipelines that get those products to tidewater to be shipped abroad, like this one, play a particular role in combatting the “petro-loonie discount,” the 20% to 40% discount our oil trades at, because the US is among our only customers. That creates real downward pressure on the Canadian dollar.
We desperately need to push...
