A recently released analysis of Nova Scotia's natural gas reserves list their economic potential at between US$20 and 60 billion.
That would be great news for jobs and royalty revenue except upwards of $40 billion of that reserve is only accessible through fracking, and Premier Stephen McNeil says the fracking ban in his province is going to stay firmly in place.
He's willing to leave $40 billion in economic wealth from 7 trillion cubic feet of natural gas in the ground over an unscientific fear-mongering ban on hydraulic fracking.
Wells fractured in Alberta, BC and Saskatchewan over the last 60 years help fund the $3.2 billion in major transfer payments Nova Scotia will receive this year, but it's not just Nova Scotia turning its back on jobs by banning fracking.
New York State sits atop the Marcellus Shale deposit, and instead of developing it like Ohio, West Virginia and Pennsylvania, New York state banned fracking, jobs and revenue and drove up natural gas prices for everyone in the region.
But isn't that always the way?
Progressives love to use the poor as a political weapon and then hurt them first with their bad policies.
And, in the case of Nova Scotia, another province or three can do the heavy lifting while they abandon $40 billion in revenue.