Opinion: Canada’s reputation as a good place to do business is suffering serious damage, as the fate of resource projects are determined by the whims of politicians.
recently abandoned proposals to ship natural gas from Western Canada to LNG terminals in Atlantic Canada. That followed a decision by the promoters of GNL Québec to give up.
Well, almost its worst. Quebec Premier François Legault’s about-face on GNL Québec, a proposed $14-billion LNG project in the province’s Saguenay region, was even more crassly political. After a 2020 meeting with the project’s promoters, the Premier tweeted the GNL Project would create 4,000 construction jobs and, by substituting coal-fired generation, cut greenhouse gas emissions by 28 million tonnes.
“After years of encouragement and direct support for both projects through specific commitments and through public statements, the highest political leadership of Quebec suddenly developed cold feet and ultimately scuttled the projects in the run-up to an election year,” Ruby River says in a Feb. 17 legal filing that seeks the creation of a NAFTA arbitration panel to settle its claims.
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