Cenovus calls Trans Mountain’s desire for a blank cheque on cost overruns “commercially absurd” It turns out when you run a project something like 4 to 6 times the original budget (depending on what you consider the start and the original budget) the people expected to pay for it might balk a bit. In the letter quoted in the story, Cenovus basically tells Trans Mountain to, well, you figure it out.
It is in fact that whatever the so called ‘government’ does will cost taxpayer money, repeatedly more and more.
There is no need to control the cost, to run efficient enterprise, to look after business, they can just suck the working people dry.
They have endless supply of money, a bottomless pit as it were.
They, themselves are laughing all the way to the bank.
Check the earlier post on the CeeBeeCee 144 executives.
It’s what the ruling class aristocrats do.
Heh, remember from history classes where the aristocrats sucked money from the working people, same difference.
The earlier aristocrats inherited and subdued people to keep themselves in power, same differences.
Today’s aristocrats went to school for a long time to tell others that they themselves know and you don’t.
Same difference.
Today’s aristocrats are socialists/fascists that tell the proletariat that they are racists, anti things they, the socialists/fascist, approve of and for other things they disapprove of, misogynists, homosometing and all kind of variables on the theme to keep the proles under a yoke of guilt.
Heh, you will also find that they, the ruling class are the most victims.
Only the government could take a project that would cost them nothing to construct, buy it for $4.4 billion, run the cost up to $30 billion, and lose money on it.
Given their actions here, does anyone believe at this point the government is competent at anything they do?
Or sincere
Yes.
They are competent, but their goal was never to run a pipeline, it was to destroy it, while sucking as much money for themselves as possible.
So they did those things very competently.
LOL…gotta love crown corporations.
It’s the 21st century and walking into my local
taxpayer funded sinkholepost office to mail my $2.00 letter still feels like I’m at Sam Drucker’s General Store.Efficiency, accountability or even a semblance of cost conscienceness ? Pffffttt…where do you think you are, Fedex?
It’s the Canadian way. You got a complaint? You must be one of those far right extremists.
The government is telling gas companies to keep their gas in the ground.
Time for shippers to enter into long term contract negotiations with CN and CP. a new fleet of rail cars is chump change compared to the TMX boondoggle.
Scam.. Why start a project when ANY native group can stop it $$$.. Fool me the 74th time?.. I will proceed BUT I am not responsible for the political situation.. That’s your TAB..
One has to question the expertise involved if they can’t project costs properly.