The Huffington Post, August 2, 2012
By Chris Genovali and Misty MacDuffee
The government of British Columbia has announced five requirements that must be met before it approves any new heavy-oil pipeline from the Alberta oilsands, such as the Enbridge Northern Gateway project.
The province’s primary concern is about getting a bigger piece of the oil royalty pie, which the Alberta government has immediately rejected out of hand. Economist Robyn Allan, former CEO of the Insurance Corporation of British Columbia (ICBC), sums it up this way:
“It is impossible to compensate for all environmental damage when it occurs because so much is left out of financial estimates of what constitutes clean-up and compensation. What the premier seems to be suggesting is the introduction of some groundbreaking revenue sharing to ensure that after we are harmed, at least some of the hurt will be paid for. That’s like saying you can beat me as long as you promise to pay the hospital bills.”
To read the full article please visit The Huffington Post website.
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