RE:RE:RE:RE:RE:RE:RE:Here's a beautyGood points Quinte and good example of how the discusion likely played out.
The one comment I have is that regarding the higher income taxes the Government would recoup that Scarla proposed. If I understood it correctly, the amount of income tax collected would be the same whether KM owned it or the Federal Gov, because they will be employing the private sector to finish the pipeline. It's the same thing tax wise. But yes they will be recouping more taxes than KM would have because the pipeline is to cost $30+ billion not $7 but then again they are using tax payer money to complete it. Cost minus net taxes of say 50% it is still a big number.
Governments shouldn't have to buy a pipeline to complete it and risk tax payer money.
Looking forward to when the pipeline is complete as it will narrow the differential and add value to Canadian oil companies, including CJ.