The Lure Of The Dollar
By Ben Meisner
Thursday, February 03, 2011 03:45 AM
The fact that the Chinese have now admitted that they have thrown some money into the pot, about 100 million worth of pots , should not change what the people of BC feel about the Enbridge Pipeline.
Quite apart from the fact that the cost of the Enbridge spill in Michigan cost $500 million dollars, the people of BC just don’t like the odds when it comes to allowing this project to go ahead.
For BC the deal is not a win, win, yes indeed the province will see about 1 Billion dollars go into the coffers over a 3 to 5 year period, but that is where it ends.
If, in our haste to try and top up the provincial coffers, we are prepared to sell off the possible disaster waiting for us in the future, we are making a grave error. The province of Alberta will continue to reap the benefits of the royalties from the oil. BC will assume the risk.
The argument seems to be that we need to have more trade (no matter where it comes from in Canada) with China to top up a trade imbalance .
The development of mines which not only benefit the workers of the province, make a much smaller foot print on the environment, and last for upwards of 20 years make a lot more sense than trying to fix the financial woes of the province with a quick fix.
The fortunes of a number of politicians rest on the matter, and they had better begin focusing their attention to the matter.
I’m Meisner and that’s one man’s opinion.
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