GREY:NMKEF - Post by User
Comment by
TFSAfundson Feb 25, 2020 12:40pm
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Post# 30731408
RE:RE:RE:atlantic green energy alliance financed with public money ?
RE:RE:RE:atlantic green energy alliance financed with public money ?Tcheck...
Teck's decision is not about "climate change", it is about "POLITICAL climate change"! Those rail blockages and government's indecisiveness in their handling of the situation. A few heritage chiefs go against the tribal leaders (elected leaders at that with almost total support for their decisions!) and followers try to shut down the country. Teck is worried that after spending, let's say $15 billion on the project, someone gets upset and blocks access to the site for a couple of years with the police doing nothing about it, "handling or minitoring the situation". Tell me, would you invest in (buy or build) a house on a floodplain that you could not insure with today's unpredictable weather events? For Teck, it's not worth the risk and the company has to be "politically correct" and not discuss the root of the problem, being held hostage for some issue, be it environmental or socially related!
Also, I'm not sure Teck has $20 billion just sitting there in their savings account (haven't looked at their books). The Whabouchi mine is in the heart of First Nation's territory, what if a heritage chief stands against the project in the future? Pretty easy to shut that operation down... how long till government "negotiates" re-opening the mine, like re-opening the rail lines?