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Calgary & Alberta Economy

trtcttc said:
The projects seem a bit random, almost all of them are existing (not surprising as a proposal doesn't get made in 6 months), but some like the Nunavut project is more of a concept. And it's unclear if there's really any regulatory hurdles as the office is very light on specifics. Meanwhile, there's $15B of fully funded projects that the feds don't care at all about.
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TBH I really wanted to see some more pro- Canada projects, but most everything so far is just destined to create a handful of jobs, and ship more resources out of the country. Little else.

Sounds like the NT hydro dam may be their version of corridor HSR, destined to remain at the consulting phase forever.

The new mines will have most material sent south or overseas.

The new reactors in ON are American designs.

The LNG terminal will be built with modules made in China.

As much as I'd love to see a Canadian MIC develop along with the increased defence spend, it looks like what we'll mostly see is accounting tricks, and foreign purchases.

Glad to see the CF members got their pay raise at least. Now if only they could get better equipment, bases and missions...
 
trtcttc said:
Meanwhile, there's $15B of fully funded projects that the feds don't care at all about.
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What is that?

The province of Alberta is very clear: oil sands are Alberta regulated projects. Much like BC's assertion for LNG (minus the marine aspects).
 
darwink said:
It was, but it was also vibes. and once the vibes were off, anyone could be part of the in crowd by parroting the same line.

The oil patch, especially small explorers ands producers, are so deep into the vibes are off feeling, that there doesn't seem to be a way to recover.
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Market dynamics are uncontrollable while the regulatory landscape is entirely controllable. Why not fix the problems that can be addressed to allow projects to move forward if the market conditions do align? Government and regulators should not concern themselves with market risk.
 
This entire Major Projects Office should be rebranded as the Major Infrastructure Bank, because that is what it is, a financing vehicle. And a very small portion of it will be the C5 National Interest Projects to override regulations. Realistically, nothing currently proposed has that big of a regulatory hurdle. The main one will be the bitumen pipeline and overriding the tanker ban and the impact assessment act.

 
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