Commentary
The Pacific Link pipeline is rightly being called a nation-building project. With a capacity of more than one million barrels per day, a route of roughly 1,200 kilometres, and an estimated cost of $35 billion to $44 billion, it would be among Canada’s largest infrastructure projects.
Encouragingly, Canadians appear to be waking up to a basic economic reality: a major energy-producing country needs pipelines and ports to get its resources to world markets. After years of political paralysis, that change is overdue.
But Canadians may still be getting the second half of the equation wrong. Recognizing that we need pipelines does not mean governments need to finance them….