Adam Pankratz returns to Power Struggle – Resource Works

“The Trans Mountain Pipeline is clearly demonstrating its economic worth already.”

When the Trans Mountain pipeline expansion was first proposed, its cost was pegged at between $5 and $8 billion. Today, with the project finally complete and pumping oil, the tab sits north of $30 billion. That sixfold increase, says Adam Pankratz of UBC’s Sauder School of Business, is a symptom of a deeper problem.

“No private business could ever tolerate that and survive,” he says. “For my students, it’s revealing. They begin to see how poor regulation and a lack of certainty can destroy a project to the point where government had to nationalize it just to see it built.”

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