Government money should be used where there are market failures. In the pipeline construction sector, what market failures are we trying to correct? It's not clear. If the market wants to finance pipelines, there's a regulatory process. We understand that the government is trying to streamline it.
Should money be invested, as has been done in the past, when companies are signalling that it's not a good investment? It's hard for the government to find reasons to justify such an investment from the standpoint of all taxpayers.
