Enbridge’s CEO doesn’t think investors should take on the risk of developing new fossil fuel infrastructure — that, instead, governments should do so for them.

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[–] West_of_West@piefed.social 20 points 2 weeks ago

I have no problem with governments spearheading projects. As long as they maintain ownership for the people who paid for it.

[–] Smaile@lemmy.ca 15 points 2 weeks ago

Ok, So then why should we not nationalize our collective gas industrys

[–] Thedogdrinkscoffee@lemmy.ca 15 points 2 weeks ago (1 children)

Enbridge CEO says Nationalize Fossil Fuels.

[–] Thedogdrinkscoffee@lemmy.ca 2 points 2 weeks ago

Where are the freemarket "economists" justifying egregious profits by investment and risks?

[–] sbv@sh.itjust.works 7 points 2 weeks ago

The problem is that this strategy works, as evidenced by the fact that the supposedly environmentally conscious Trudeau government used $35.6 billion in public money to pay for TMX. Carney’s alleged environmental credentials were also easily pushed aside after Big Oil’s sustained anti-emissions-cap PR campaign. Ebel’s comments suggest we’re now facing yet another PR campaign for a West Coast pipeline being built with public money, even though experts have already determined it is highly unlikely Canada will ever recoup the public money spent on TMX.

Canada’s oil industry might not be great at building pipelines, but it has become expert at creating scapegoats for its failures and PR nightmares for even modest proposals to pay for its own pollution.