shale gas

10:00AM
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Canada’s federal equalization program is motivated by good intentions. However, the program has unintended consequences, and creates perverse incentives that have allowed at least two “have-not” provinces to shun sensible economic opportunities.


11:33AM
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Nova Scotia’s government recently announced it would table legislation to establish a moratorium on the practice of hydraulic fracturing (or “fracking”) for the production of natural gas in the province. The ban, which follows a lengthy report on the safety of hydraulic fracturing, is indefinite, but not permanent. (One is reminded of the saying that there is nothing more permanent than a temporary tax.).