Moody’s: Long-term credit risks are rising for natural gas infrastructure projects
While this article, Moody’s: Long-term credit risks are rising for natural gas infrastructure projects, is directed to the United States, I think Canadians can relate to it as well. Especially if you note:
"Moody’s believes new pipeline projects face the steepest challenges, citing a string of successes by environmentalists to delay or derail fossil fuel infrastructure projects. Consequently, the firm typically does not consider revenue for those projects in its financial projections. Instead, it recognizes their cash contribution only after the pipeline enters operation."
Some of these companies will be managing cut-backs and find less investors interested in their projects. If thy don't get off the ground, they can't generate a profit.
They aren't going to tell activists they're winning. Efforts would double, maybe even triple. But it wouldn't surprise to learn that this might have been a partial reason why Energy East was cancelled and the new tarsands Tech Resources wanted to build in Alberta.