I don't like the oil economy at all, but revoking permits after a company has spent billions laying pipes using government-granted permits does leave a bad taste in my mouth.
It seems like bad precedent for the assumption to be that the federal government will pull the carpet out from under your feet (losing you your entire investment) whenever the political winds shift.
Today it's an oil pipeline, but tomorrow it could be for a solar installation in a nature reserve, or new hydropower, or a nearly-complete nuclear power plant.
It seems like bad precedent for the assumption to be that the federal government will pull the carpet out from under your feet (losing you your entire investment) whenever the political winds shift.
Today it's an oil pipeline, but tomorrow it could be for a solar installation in a nature reserve, or new hydropower, or a nearly-complete nuclear power plant.