The problem is you can not make these pipelines obsolete “as soon as possible”. The same applies to the Kinder Morgan line being built for tarsands oil.
The Investment into these pipelines are not recovered for decades. Those Tarsand extraction plants going up see no return on investment for over 20 years as all the costs of construction must be paid for. When they make these huge investments , the Investors are not going to accept that there will NOT be a return on those investment dollars.
This means that as a matter of Policy the Canadian Government is going to ensure those investors GET That return and this means the extraction of this oil and gas for 40 more years. We do not have 40 years.
What should be happening is the Government saying “we are going to phase out hydrocarbons within 20 years. All of the firms investing In Canada expecting a return on their investment over 20+ plus years should expect a LOSS”
Under the various Corporate Friendly free trade deals if Canada DOES phase out hydrocarbons in 20 years, the taxpayer will have to pay those Corporations BILLIONS of dollars in compensation. The amount paid in compensation will be larger then the amount of dollars these firms generate in the way of jobs taxes and the like.