"A binding green taxonomy is also a prerequisite to better ties to Europe. It is hard to imagine that the deeper economic and financial integration of Canada and the EU that Carney so eagerly promotes is possible without a merging of taxonomies. Unless both economies can agree on the same baseline for investment requirements and restrictions, they will never find common ground. The green taxonomy can thus be seen as an indicator of the Carney government’s future plans. If the end goal is still net-zero 2050, then a green taxonomy remains a crucial step in that process. The farther it progresses, the closer we get to Euro-style stagnation and decline. Canada can either open itself for business or commit to a net-zero future. It can’t do both." @InvestNowOrg

Boom! "If we had built Northern Gateway, if we built Keystone and we built Energy east, we'd have 2.5 million barrels more per day of production, which is $55 billion a year worth of GDP value, which is worth $17 billion to my government alone and about an equal amount to the federal government. This is not just an ideological argument." "It's not just a minor disagreement." "Oil is by far the most valuable export for Canada." "Any of the projects that you have that you will see on the ultimate list, I will tell you that a bitumen pipeline will be by far the greatest benefit to all of Canada." "There's $9 trillion worth of value in discoverable and achievable reserves right now." "And so why would you leave that in the ground?" @ABDanielleSmith