Unlocking the cash cow contradictions
Not sure how one squares this,
Killing Canada’s cash cow not the answer (here)
A report funded by TD Bank on the regional economic impact of climate change should be viewed with a jaundiced eye…it tells us that only by punishing Alberta with massive carbon taxes can the federal government meet its climate-change goal of reducing greenhouse-gas emissions by 20 per cent below 1990 levels by 2020….Shooting the cash cow is not the answer.
With this…
Oil sands billions expected to be unlocked (here)
Steadily rising oil prices will combine with lower costs to put some of the more than $100 billion in canceled oilsands projects back on the front burner, according to a new study.
It seems the golden goose can not be killed. And even if some oil sands projects become marginal with carbon pricing, as production costs fall, and oil prices rise due to scarcity, will not more wealth be left in the ground? But then again, we expect more income now and our kids can fend for themselves.
