Why investors still don’t trust Canada’s pipeline promises
The Ottawa-Alberta pipeline MOU does little to address the policy, regulatory and political risks that have stalled major energy projects in the past
Canadians have seen this movie before. A federal announcement is rolled out with solemn language, carefully staged optimism and the promise of progress, only to dissolve under the weight of reality. The recent memorandum of understanding between Ottawa and Alberta on energy infrastructure fits that pattern all too well.
On paper, the MOU signals cooperation. In practice, it exposes the deeper problem facing the country: a federal government that appears to substitute symbolism for leadership and process for outcomes. That is not leadership. It is choreography.
At its core, the agreement is meant to revive confidence in Canada’s ability to move major energy projects forward, including pipelines and associated infrastructure. Yet nothing in the MOU alters the policies that drove investors away in the first place.
Carbon pricing continues to escalate. Net-zero commitments remain intact. Regulatory uncertainty persists. British Columbia remains openly hostile to new pipelines. And every project must still navigate a highly politicized approval process that has repeatedly failed.
Canadians will ultimately bear the economic costs of stalled energy projects and ineffective federal leadership.
Troy Media
Canada can finally profit from LNG if Ottawa stops dragging........© Troy Media
