I assume that if an Arctic hydro dam was a viable proposition, someone else would have already done it. But cost is apparently no object. In order to expedite that, a bitumen pipeline is going to get dropped from the list. What’s notably missing from the list as well is any mention of funding to complete a four lane highway across the country, which would finally put us on par with most semi-industrialized nations.
The Crawford nickel project in northeastern Ontario is also expected to be on the list, as well as Nouveau Monde Graphite Inc.’s mine and battery-materials plant project in Quebec, an Iqaluit hydro project and a major electricity transmission line in northern B.C., according to reports from CBC News and Bloomberg News.
Why are the governments involved in these projects beyond cl,earing a regulatory and legal path for developers/? All they need to do is get out of the way and if it’s a good project lots of people will happily put up money for it. And if that project doesn’t work it’s the private risk money that’s lost not tax money extracted from unwilling taxpayers
Only projects that are doubtful require government involvement, mostly, and if private money won’t do them, should they really proceed?
Private money is more than willing to take risks so why would the government take risks with public money?
The reason is that governments have scared off private investors or the project’s too uncertain and difficult to risk money on.
Governments do however need to be involved in projects like roads in military. Do they need to be involved in health care? Perhaps to assist those that can’t afford it and maybe to build hospitals but is there is a large grey area.
These projects aren’t in that grey area. If they have any promise, these are projects that, with encouragement and guarantees of non interference, private money would tackle in a heartbeat
Because, in the Lieberal Democratic Peoples Republic of Kanada, everything is based on how much kickback can be attained from the taxpayers to politicians and bureaucrats.
Private money won’t take the risk as long as the government keeps gumming up the works, either directly through a build nothing approval process or indirectly via letting the tribals run wild.
There are 35,000 in Nunavut. Why not take 30,000, move them to Toronto, and give them $1 million each. It would be cheaper in the long run. All the people left would have high value resource jobs. You wouldn’t need useless bodies to run an Arctic welfare state.