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Our dear government’s stalwart obsession with fossil fuel is again jeopardizing the economic well-being of the Province of Alberta.  Kenny is investing heavily in a project that may evaporate with the stroke of the Presidential pen.

The company said Alberta has agreed to invest approximately $1.1 billion US as equity in the project, which substantially covers planned construction costs through the end of 2020.

The remaining $6.9 billion US is expected to be funded through a combination of a $4.2-billion project-level credit facility to be fully guaranteed by the Alberta government and a $2.7-billion investment by TC Energy.

“TC Energy is essentially saying, ‘We don’t want to take that risk’ … Alberta is essentially saying, ‘OK, we’ll take that risk, we’ll put in $1.5 billion Canadian, and if it ends up that no one pulls the presidential permit, then we’re all going to work on getting the rest built over 2021 and ’22.”‘

We need jobs, we need economic advancement, but most importantly, we need to stop running hail-Mary plays based on the fossil fuel industry with public money.  The government of Alberta should represent all of its constituents and refocus on diversifying our economic contribution instead of playing this dreadfully expensive and foolish shell game with Alberta’s future.

Our tarsands oil just isn’t environmentally or economically sound anymore.

“He said what’s also worrisome for the industry is the political signal this sends internationally — especially on the heels of a major Norwegian investment fund blacklisting four Canadian oilsands producers.

“In terms of the bellwether of the political appetite for support for the oilsands south of the border, I think it’s obviously problematic,” Johnston said.”

I sincerely hope that we can elect the NDP as our government again in Alberta, as their dirty oil plan focused much more on economic diversification and benefits for the people of Alberta.  The Federal government of Canada is standing lukewarmly with Alberta for the moment, but with a Democratic win down south it looks like the Keystone pipeline will go back into limbo once again.

“Biden strongly opposed the Keystone pipeline in the last administration, stood alongside President Obama and Secretary [of State John] Kerry to reject it in 2015, and will proudly stand in the Roosevelt Room [of the White House] again as president and stop it for good by rescinding the Keystone XL pipeline permit.”

A spokesperson for Canada’s deputy prime minister, Chrystia Freeland, responded by saying the Canadian government supports Keystone XL: “It is a good project that will create jobs for Canadians and it fits within our climate plan.”

Fossil fuels need to pave the way to Alberta’s new economic future, maintaining them and the industries that sway our government, cannot be the way.

Quoted news stores from cbc.ca.