Risks With Megaprojects News Today : Breaking News, Live Updates & Top Stories | Vimarsana

But that’s not what pharaoh Horgan chose to do. Last Friday, he told ratepayers and taxpayers to not worry. (And isn’t it wonderful, for a change, to have a social democratic King Tut knee deep in secrecy and unstable shales.)
Out poured the excuses faster than from a leaking dike: “No one could have imagined the global pandemic’s economic impacts,” tweeted the pharaoh.  
Then the mighty one blamed former premier Christy Clark for pushing the project beyond an imaginary point of no return, proving that Horgan doesn’t understand a basic premise of modern economics. It’s called the sunk cost fallacy and it applies to personal financial decisions as well as megaprojects. ....

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