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Is There a Future for North American Pipelines?
5 October 2021
EIRNS—Decarbonizing the North American economy, by mandating the exclusive use of inefficient forms of ‘clean energy’ with very low energy flux densities in order to achieve net-zero carbon emissions, will not only de-industrialize the United States and Canada, it will also increase the death rates here and in the developing nations! That is the unstated policy of former head of the Bank of England Mark Carney and his cohorts of central bankers. [https://larouchepub.com/pr/2019/191009_carney_bloomberg.html] That process is well advanced in Canada, as “green finance” is stepping-up its efforts to shut down North American pipelines. An Oct. 1 article in the Financial Post reports that there are so few new major pipeline projects being proposed in Canada that the Canadian Energy Pipeline Association (CEPA), founded in 1993, has just announced that it will cease operations at the end of December. The decision was made after CEPA’s three largest members decided to leave the organization. FP notes, “TC Energy Corp. [formerly Trans-Canada Pipelines, LP] and Pembina Pipeline Corp. informed CEPA they would not renew their membership in the industry group beyond this year, while North America’s largest pipeline company Enbridge Inc. left the organization in 2019.” “Enbridge and TC were founders of the organization,” and “leaders in terms of driving performance and integrity. … Plus they had a continental footprint,” CEPA president and CEO Chris Bloomer said Friday. However, now, CEPA’s outgoing members (including Pembina Pipeline Corp.) are investing more heavily in power generation, carbon capture and storage, and hydrogen projects. Bloomer also raised the question of the long-term commitment of CEPA’s remaining members, pointing first to Brookfield Infrastructure Partners (BIP) recent acquisition of Inter Pipeline Ltd., another member. Up until 2008 when it was spun off, BIP was an operating unit of Brookfield Asset Management, which retains a 30% ownership and acts as the partnership’s general manager. The Vice Chair of Brookfield Asset Management is Mark Carney. Robert Hux |