The Trudeau federal government has made itself a pathetic hostage to a Texas-based pipeline company known for its cheapness and debt.
The economic sleeziness of the drama, which should upset most Canadians, has been largely ignored by the financial mainstream press.
But here’s the rub: Kinder Morgan doesn’t have the money it needs to twin a high-risk $7.4 billion pipeline, and has been looking for a way out for some time.
There is growing consensus that the world is going through an energy transition. Everybody has heard politicians or CEOs of large energy companies making that statement.
A primary lesson in political communications is that there is room in the public mind for only one big political news story at a time, and whoever drives that one big story wins twice: their story sets the headlines, and stories they don’t like are pushed to the margins.
