The return on investment isnโt from the pipeline, which as pointed out below covers its own costs.
The return is from the tens of billions in royalties and taxes from filling the pipeline and exporting crude, and narrowing of the differential. Itโs an enormous economic win.
This pathetic attitude is among the worst things about our political culture in Canada and I cannot reject it enough.
It gets cloaked in the language of progressivism but it is deeply cynical, ugly, and regressive.
Story time!
Growing up, I was hugely inspired by RIM (BlackBerry). It was one of the reasons why I wanted to go to Waterloo.
I thought it was so cool one of the most innovative companies on earth was an hour away from home.
In fact, my program, Nanotechnology Engineering, was able to exist in part due to the philanthropy of Mike Lazaridis, who funded the Institute of Quantum Computing and Nanotechnology (along with the Perimeter Institute for theoretical physics, which is a brilliant asset for the province and country). Balsillie, for his part, has spent tens of not hundreds of millions of his personal wealth on advocacy and institutions to make Canada a better place. But he too was castigated in our media.
Through high school, I saw how Canadas media took an axe to RIM founders (Mike and Jim), and basically cheered on the decline of the business against competition from Apple and Google.
It was a complete disgrace.
Well, in 2013 I got my second co-op job there, just as they rolled out BB10 (the QNX operating system). 6 weeks into my co-op, my entire department was laid off (Modems/Semiconductors).
Nearly every one of my colleagues ended up moving to the US. Some of the most capable talent on earth, poached in weeks. It was loss that was absolutely devastating to witness.
I have no doubt people like Bruce cheered on the spectacle, just like he would cheer the downfall of Shopify if it were to ever happen; despite the champion itโs been for the country, the thousands of good jobs itโs created, and all the spin-off businesses that have created huge wealth for Ontario.
Well let me be clear that I will have none of this nonsense.
I don't normally forward ads, and I'm not an "Elbows Up" Canadian and I love Americans....but I value products made in Western countries as opposed to communist dictatorships. Keep the jobs home - and this Canada Day, why not wear something MADE IN CANADA?
Design is cute, too