• Rentlar@lemmy.ca
    link
    fedilink
    arrow-up
    6
    ·
    edit-2
    2 days ago

    Good on you for making the supportive case, though it’s apparent many Lemmings aren’t happy with it and I also respectfully disagree. Conceptually, there is a case for building any of the 3 projects as you’ve laid out. However:

    • The absolute cost and the opportunity cost of building those piplines are massive, in increasing order from the Transmountain Expansion Expansion, Churchill and Alberta-Ontario Piplines.
    • If I had to choose, the Churchill pipeline seems to be the better way to get to Europe for the capital construction costs based on timelines of the passage being able to open. Building through the Canadian shield requires extraordinary amounts of blasting.
    • The demand outlooks are much bleaker than what oil industry affiliated reports would like to represent. The Hormuz shock has sent the message that oil & gas dependence is the problem, not who the supplier is, which might have been the takeaway from 2022 Russian invasion of Ukraine.
    • Prices of oil would be expected to come down when supply recovers along with this demand dropping, and suddenly pumping out more oil in Canada becomes unprofitable for oil companies.
    • That lack of profitability will empty out any pipelines we would build and put Alberta into massive deficits. This situation is entirely predictable, but of course the UCP will do nothing to prepare.
    • At that point, useless infrastructure to us won’t matter whether it routes through USA or Canada or whether it is redundant.
    • Securing long term price/supply contracts, like the German LNG one, may help with the profitability side but consigns the world to decades of pollution from the forced demand, slowed transition away from dependence on gas.
    • The main benefits are political, yet the federal Liberals literally buying a pipeline project to see it to completion has seemingly not moved Albertans’ view of the federal government. The UCP relies on a continued stream of grievance to be able to lay blame or distract from their own scandals and failures. Even now federal co-operation towards Premier Smith’s wishes and demands have not stopped her from playing silly and dangerous political games with the UCP separatist supporters.
    • So, money would be much better spent for initiatives that would be less damaging to the environment, politically more popular across Canada including Alberta, and actually be more useful. HVDC Power interconnects, a national intercity bus, telecom, solar, wind and battery industry manufacturing hubs, etc…

    Heck, as a BC taxpayer I’d be fine if part of my federal tax bill helped fund and quickly build the high speed rail project that starts and ends in Alberta. Premier Smith seemed to like trains, and it would be a real sign that the federation can all help each other get things done sometimes, more than just rhetorically, and not just for Ontario and Quebec.