If history doesn’t so much repeat itself as it rhymes, then Canadian energy in 2015 is a rhyming couplet for energy in 1980. Pierre Trudeau’s 1980 National Energy Policy forced the West to sell its natural resources to the rest of Canada at below market prices. The result was a massive transfer from one part of the country to another; however at least the benefits stayed in Canada and the tax revenue stayed with the Canadian government. Today, both federal and provincial governments are … [Read more...]
