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Commentary: Justin Trudeau’s Pipeline Purchase Is A Bad Idea

by fortune.com posted 3months ago 66 views
Fossil fuel projects are economically risky propositions. : The Canadian government’s decision to buy the Trans Mountain Pipeline and expansion project for 4.5 billion Canadian dollars has left many wondering: What is Prime Minister Justin Trudeau thinking? All around the world, decisions to drill new oil wells; frack for gas; mine new coal; and build pipelines, ports, and fossil-fueled power stations are attracting determined opposition from scores of ordinary citizens. People are mobilizing to protect local land, water, and air from pollutants and demand good governance in the face of opaque processes and corrupt corporate-government deals.