Scheer Folly: Promised Coast-to-Coast Energy Corridor Makes No Sense | The Tyee
Megaprojects are bad news for taxpayers. Oxford University economist Bent Flyvbjerg has documented the common characteristics of these giant projects. He found they consistently go over budget, fail to meet construction schedules and rarely deliver any benefits.
Why? Because they are inherently risky, complex and, as in Scheer’s case, politically motivated. They start with a big political dream and end up as a costly taxpayer nightmare.
Scheer’s Energy Corridor will be Canada’s ‘Site C’/’Muskrat Falls’