• sbv@sh.itjust.works
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    1 year ago

    That would have created an even larger conflict of interest for the fed/prov governments.

    Would it be worse than what we have now? I dunno.

    • Cyborganism
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      1 year ago

      I dunno. It depends. Many articles out there seem to suggest otherwise.

      If it’s nationalized, the people get to have a say in how it’s managed. Plus, if the country engages itself in reaching climate goals, they are in control of the industry and can act accordingly.

      • sbv@sh.itjust.works
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        1 year ago

        Trans Mountain ballooned from a $6 billion project to a $30 billion project after it was bought by the feds.

        I have no idea what would have happened if it had been built by a private entity, but I suspect the developers would have run out of money at some point. Currently, it sounds like there’s a pretty good chance taxpayers will pick up the bill.

        • Cyborganism
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          1 year ago

          I don’t think that’s a very good example. Wasn’t this project started way before the feds acquired it?

          • sbv@sh.itjust.works
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            1 year ago

            That’s sort of the point: the private entity that started Trans Mountain had to bail because they ran out of money and investors. Governments have much deeper pockets, and are motivated to complete projects regardless of the cost.

            • Cyborganism
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              1 year ago

              Ok so that’s a pretty bad example then.

              I can see that there could be conflicts of interests, but at the same time if the country engages itself in objectives to reduce greenhouse gasses and find alternatives, then they have to actually do it. Companies don’t.

              We should look at other countries like Norway to see how it’s going on there.

              • Someone
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                1 year ago

                Yeah, Norway is one of the world’s top oil producers, but also the leader in EV adoption by far.