What ROI are we looking at for the new pipeline? (vargar.org)

submitted 1 day ago by wraekscadu@vargar.org to c/canada@lemmy.ca

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Hey, sorry, I tried looking up a case study of this for myself, but couldn't find anything substantial. Do you guys have anything like this?

I'm wondering about the new pipeline purely from an economic sense.

Essentially stuff like:

Projected taxpayer funded dollars to build the entire thing (a projected bell curve of expenditure).
Projected oil demand, and price for the time that the pipeline remains operational.
Finally, a bell curve of ROI for us.

I know I know, the environmental damage this would do is horrible, blah blah blah. I agree. I just want to know if this is at the very least a good financial decision or not.

Again, I'm looking for actual quantitative projections. Not stuff like, "but Asia is moving toward renewables".

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[-] Soup@lemmy.world 6 points 20 hours ago

Not only will the direct return be dogshit, but the lognterm effects will be even worse because we could have invested that money into transitioning away from fossil fuels and building up manufacturing of modern technologies. Not to mention the INSANE costs we will all suffer at the hands of climate destabilization(new term I heard today, trying it out) which this pipeline contributes to.

Conservatives are terrible with money and they don’t care because they know that they’re stealing from us. It’s the whole point.