Tip:
Highlight text to annotate it
X
the fact that the prime minister himself chose to announce the policy i think
indicates that
uh... there's not just another minor industrial policy but
that it's a reflection of the deeply-held political conviction
uh... which uh... reflects the uh... the current governments approach to to
governing
namely that they prefer the operation of markets to uh... to
government influence
over commercial affairs and the allocation of capital
i think the reason that the the government is uh... focusing on the oil sands
is because they have decided that they are uh... a matter of national
importance
uh... that is uh... that merits uh... the special attention of the federal
government as opposed to being left uh... entirely within the jurisdiction
of a provincial government
i don't think that these restrictions based on what i know will have much
impact on the rate at which the oil sands are developed
uh... my sense is that the uh... the gating item currently is the ability of
the supply chain to provide the labor
and uh... and the other materials that are required in the in the engineering
required to actually get these projects up and running when you look at
the cost pressures that they're facing
that's an indication that the supply chain chain is straining
and so while these restrictions may affect who owns these various interests
or rather the ability of uh... more correctly the ability of
of state owned enterprises to own them
uh... i doubt they'll have much impact on the rate at which the resource is
developed