Here's how the recent Canadian Supreme Court ruling and$170/t #carbontax mandate likely becomes a de-facto nationalization of the CDN oilpatch, not unlike the much reviled NEP program of the 1980s. #abpoli #cdnpoli #EFT (1/15)
ft.com/content/077ba8… Now, if a federal politician advocated outright nationalizing an industry, the repercussions for investors, creditors, FX would be dire across the country - think Argentina & YPF and the experience of other Central American socialist regimes. (2/15)