Description: Canadians appear to be split down the middle regarding who is right regarding the pipeline dispute between Alberta and British Columbia. When BC’s government threatened to slow down the progress on the Kinder-Morgan pipeline by launching additional study on environmental impacts, Alberta struck back with threats to block British Columbia’s wine sales in Alberta stores. You don’t let our oil through, we won’t buy your wine. Tit for tat. By the end of the week though, the heated talk seemed to be winding down, a welcome deescalation.
Date: February 22, 2018
1) Have you been following the oil/wine fight? Which side are you on?
2) What are some of the key issues involved for the Canadian economy?
3) On page 655 of Wiley’s Financial Accounting: Tools for Business Decision Making, we read about Suncor’s purchase of an additional stake in the oil sands company, Syncrude, in early 2016. Do you think the management would have made this decision today, given the pipeline controversy?