Thursday, 14 November 2019

For Canadians this was a Climate Crisis Election,

Election Shows Canadians Aren't Joking About

Wanting Real Action On Climate Change

Alberta’s total emissions, 
And by that measure the province is doing terribly.

Its oil sands alone did more damage to the climate last year than the entire economy of B.C., 

And Alberta’s per capita carbon emissions of 62.4 tonnes dwarf those of

 The U.S. (15.53 tonnes) or even Saudi Arabia (16.85 tonnes). 

This is why 

Canada was just ranked 51st out of 60 countries in the

 2018 Climate Change Performance Index

More than 63% of voters supported parties with substantial climate change platforms.



“Canada is truly divided now,”



For  Alberta, Saskatchewan, it was 100%  Pipeline 

The election divided Alberta and Saskatchewan into Conservative majorities

Conservative's economic plan based on 


The Conservative caucus grew from 95 to 121 thanks mainly to gains in B.C.,
 Alberta, Saskatchewan, and New Brunswick. 

But Andrew Scheer and his party lost support in the riding-rich Greater Toronto Area, and more widely across Ontario and Quebec.


Asked about concerns over Trans Mountain pipeline's future due to minority govt, 

Alberta Premier Jason Kenney says if the prime minister means what he said on election night about listening to the people of Alberta & Sask., 

The clearest way is to commit to pipeline's completion

Canadian producers want pipelines simply so they can capture the discount they currently lose on Canadian oil because their access is right now limited to only one export customer, the U.S.

Prime Minister Justin Trudeau
Said the pipeline will be expanded 

This is what Prime Minister Justin Trudeau is trying to sell Canadians
It's time to tell the truth 


Economic cheerleading by federal and provincial politicians and the mainstream media on behalf of the oil industry
is doing the public a great disservice.

Why is the Trans Mountain pipeline so valuable 


Plus 

Albertans aren’t told that 


More than two-thirds or 71% of the ownership of oil sands production in 


When the Trans Mountain pipeline is finish

Most of the benefits go to Foreign Entities and Big Businesses

Today the majority of product now moved through the Trans Mountain pipeline ends up in Washington hands.

By Trans Mountain pipeline spur to Washington State 

Or by Oil tankers outbound from Vancouver 


Prime Minister Justin Trudeau

 Spend C$4.5bn (US$3.45bn) Plus
To purchase
Kinder Morgan’s Trans Mountain Pipeline


The existing 300,000 barrel per day pipeline

Prime Minister Justin Trudeau’s repeated claims
that the pipeline was essential for Canada’s future.

Declaring the Trans Mountain pipeline was a matter of national interest

It's all because Canada lost the Keystone XL pipeline South

Obama administration halted construction on 



The remainder of the Keystone XL pipeline

A 800,000 barrels a day pipeline of crude to
 Terminals on the Gulf Coast.

This is why 

Prime Minister Justin Trudeau
Bought 
The Trans Mountain pipeline


Alberta oil products shipped through the Trans Mountain pipeline supplied 28.5 per cent of 
Washington’s petroleum needs in 2017.

In fact, 

Today the majority of product now moved through the Trans Mountain pipeline ends up in Washington hands.

Pipeline Expansion: US Refineries Win, Canadians Lose

U.S. west coast refineries are the most profitable in the world due to a relatively captive market and lack of competition

Washington refineries buying Alberta bitumen have some of the largest profit margins in the world  
up to $45 US per barrel 

Using the more conservative crack spread of $24 per barrel in 2016,

Trans Mountain will create massive potential profits for west coast refiners. 

Adding hundreds of highly-paid refinery jobs in the state.

With an eventual capacity of 890,000 barrels per day, 

U.S. refineries could pocket $7.8 billion US per year adding no value to Canadian crude 

Not surprisingly, 

Vancouver also has some of the highest retail gasoline prices in North America.” 

Kinder Morgan
 Backdoor pipeline to Washington State 

The Trans Mountain pipeline has a southern leg
called Puget Sound Pipeline 

Which splits off at Kinder Morgan’s Sumas Terminal in Abbotsford, B.C. and delivers tar sands to several refineries in Washington State, 

Including the Ferndale Refinery (owned by Phillips 66),

 The Cherry Point Refinery (owned by BP),

The Andeavor Anacortes Refinery 
(now owned by Marathon Petroleum), 

The Shell Anacortes Refinery (owned by Shell Oil). 

The Puget Sound Pipeline currently has a capacity of 170,000 barrels per day (bpd), but in the documents filed for its IPO in May 2017, 

Kinder Morgan indicated that they want to significantly increase that amount, according to 

Sven Biggs of Stand. Earth's Bellingham, Washington office.

This has been the plan all along,

In a widely published June 3 op-ed for Postmedia newspapers, 

Thomas Gunton – a former B.C. Deputy Minister of Environment
 decimated the Trudeau Liberals’ decision to buy
Kinder Morgan’s Trans Mountain pipeline and build its expansion project. 


But instead of urging that the Trudeau government stop this controversial purchase,


Gunton stated this: “Ironically, their purchase of the pipeline may provide them with one last chance for changing course.
If they insist on building TMX they could appoint a multi-stakeholder task force including

 First Nations to consider redesigning the project to reduce its worst impacts by scaling down the size of the expansion and directing increased shipments to refineries in Washington State. 

This would avoid tanker exports from Vancouver, 

Reduce the number of Alaskan tankers 
through Georgia Straight,

And allow for the phasing out of the higher risk aging pipeline.”

This suggested “redesign” to benefit 

Washington’s major refineries may have been the plan all along, or at least since

November 15, 2016 when Gunton’s former boss

B.C.’s former premier Mike Harcourt 



Suggested that Kinder Morgan and the federal Liberals “consider an alternate route”

 To avoid Kinder Morgan’s Westridge Terminal in Burnaby. 

Even before Trudeau had given federal approval to 
Kinder Morgan’s expansion project,
Harcourt was here urging that the tarsands diluted bitumen (dilbit) be shipped
 “to either Deltaport or just across the B.C.-Washington state border to the Cherry Point refinery”
in order to avoid “insurrection” in B.C.

The Trans Mountain pipeline will only make Canada's problem worst 

If the Pipeline does get build 

Canadian oil would still be held ransom to a single, monopsony buyer in the U.S. at a discounted price; 

Canada will be the next Venezuela

The campaign against Alberta oil is more about
American economic interests than protecting the environment.

“About $90 million over the last 10 years has gone towards various efforts to restrict oil and gas development and export
In an effort to land-lock Alberta oil so it cannot reach overseas markets, where it would attain a higher price per barrel.

Yet, it has also struck many of us as an odd thing that,
for the most part, those who are most vocally against one ship a day serving

 Canadian interests happen to be the branch-plant operations of powerful 

American environmental organizations.

Those groups, and the various billionaire foundations, seem to believe they know better than Canadians do about what Canada's economic future should look like.


The Trans Mountain pipeline it had nothing to do with



It has everything to do with enriching
U.S-.based refineries with no value added in Canada.

That is exactly what they are doing 

It's Bankruptcy in Canada and Incredibly Profitable in USA


“The Big Five” 

Were performing relatively well 

"incredibly profitable corporations," 

Banking and paying out to shareholders
 $13.5 billion last year.

Alberta’s oil and gas companies have figured out how to pull off 



Prime Minister Justin Trudeau 

Said the pipeline will be expanded 

However, the Liberals still need to find $10 to $15 billion to build the pipeline.

It will create 2,500 temporary construction jobs over two years with 90 permanent jobs.

 But instead of ending at the Vancouver terminus,

It would follow the existing secondary route from Sumas, B.C. into Washington state,

Taking Alberta oil to the aforementioned three existing refineries in Cherry Point and Anacortes, Wash.

 Why 


Oil Tankers In Canadian Waters

This will cost Canadians Billions 

 The B.C. government proposed limiting any increase in shipments 

Of diluted bitumen amid concerns about spills.'

The maximum oil tanker cargo allowed through B.C.’s
Burrard Inlet is an Aframax class ship at 80 per cent capacity

Carrying 550,000 barrels, 

Only about one-quarter the load of a VLCC.

They can carry two million barrels at a time

Plus ULCCs are the largest tankers in the world and
They carry up to 4 million barrels of oil.

It cost 4 to 8 times more to ship oil from Vancouver to Asia
Refiner in Asia would have to book and pay for four to eight tankers

Where would that leave Canadian interests? 

Well, Canadian oil would still be held ransom to a single, monopsony buyer at a discounted price; 

Every planned drop of oil will still be produced; 

Whatever risk there is to the Pacific Coast would simply be moved 60 miles south and put under American control; 

Those refineries are currently supplied by oil shipped down from the Alaska North Slope fields by boats that regularly transit B.C. waters. 

Production from that field is expected to decline by more than 150,000 barrels per day between now and 2026.

Oil tankers have been departing the Westridge marine terminal in Vancouver weekly since 1956. 

Additionally, bulk tankers come from Alaska, down the west coast of Vancouver Island, through the Juan de Fuca strait, past Victoria and into oil refineries in 
Cherry Point and Anacortes in Washington state


D2Ybx5iUcAAfTVd.jpg

Whatever economic and environmental benefits 

Canadians might have enjoyed would be lost;

Set aside the political argument for buying the
Kinder Morgan pipeline and you’re left with a deal that makes no business sense.

(The pipeline is 67 years old.) 

Without so much as a basic cost-benefit analysis,

Prime Minister Justin Trudeau
 Spend C$4.5bn (US$3.45bn) Plus
To purchase
Kinder Morgan’s Trans Mountain Pipeline
The existing 300,000 barrel per day pipeline

 Export Development Canada’s administration of a nearly
 $5 billion loan to support the government’s controversial purchase and operation of the 

Trans Mountain pipeline a 67-year-old infrastructure

Kinder Morgan estimates the useful life of its pipelines at
30 to 64 years

According to Kinder Morgan’s financial statements.

Kinder Morgan pipeline is not worth much more than
$1 billion,

 It's all because Obama administration halted construction on
The remainder of the Keystone XL pipeline
A 800,000 barrels a day pipeline of crude to
 Terminals on the Gulf Coast.

Arguing approval would compromise America’s effort to reduce its greenhouse gas emissions.

Prime Minister Justin Trudeau’s repeated claims
that the pipeline was essential for Canada’s future.


The Pipeline has everything to do with enriching
U.S-.based refineries with no value added in Canada.


“Virtually no exports go to any markets other than the U.S.,”






This Pipeline will only make Canada's problem worst 

Oil will only go South to

U.S. refineries with no value added in Canada.

This is why

Alberta

The Five Big Canadian Companies


 Together they now control almost 

80 per cent of bitumen production

British Columbia


 Control approximately 90 per cent of the 

Market in Southern B.C. 

Therefore, the wholesale gasoline and diesel market is an oligopoly.”

These companies control all 15 primary storage terminals in the province “and, along with 

Federated Co-op Limited, control all the Bulk Terminals.

 (Bulk terminals handle smaller volumes of fuel supplied by truck.)


The companies’ dominance makes it effectively impossible for competitors to enter the market, the report found.

 “This oligopolistic wholesale market has the characteristics of a natural monopoly,” 


More than two-thirds or 71% of the ownership of oil sands production in 



The Truth is 

The only benefit Canadians get is a Job to pay for roads, schools and hospitals


Canada should be one of the Richest Nations in the World 

In addition to oil.

Canada has many other valuable natural resources 

Here are the world rankings of Canada's natural resources:

Potash, #1

Uranium, #2

Oil, deposit #3 (production #6)

Nickel, #4

Diamond, #5

Salt, #5

Zinc, #6

Gold, #9

Copper, #9

The Canadian budget makes it abundantly clear where its revenues come from

It's not from Canada's natural resources 


It comes from you



Today Canada is just teetering on the boundary



Today our Current Outstanding Public Debt of Canada is approximate:
697,735,366,381.26 CDN.



Believe it or not

Alberta

It wasn’t until 1973
That the province tied royalty rates to the volatile price of oil.

  Today Alberta  

Will be $67 billion of debt by the time the 

Alberta is on pace to be $96 billion in debt by 2024


This is a dramatics change in fortunes for a province  

That celebrated being debt free 20 years earlier


PLUS


Then Canada Buys back the oil at Full Market Price 





The Alberta government collected more



That it did in royalties from oil companies 


Canada is now Number ONE in the world for Subsidies




In 2015, Barry Rogers of Edmonton-based Rogers Oil and Gas Consulting 

Warned the government that low royalties for bitumen simply encouraged
The industry to export the heavy oil to
U.S. refineries with no value added in Canada.

That is exactly what they are doing 

It's Bankruptcy in Canada and Incredibly Profitable in USA

The growing discount has cost Alberta’s provincial treasury dearly 


Canada’s non-renewable energy resources 


Calgary Oil and Gas Execs want to keep it that way this is
Why



Canada oligopolistic wholesale market has the characteristics of a natural monopoly

It's the lack of Competition and Gouging to

 Because of "Air Barrels" 

Alberta is losing billions every year 

To Fight “Air Barrels”  


The government estimates Alberta is losing
$80 million a day due to this discount,


Alberta will never be able to stop “Air Barrels”

Instead of fixing the problems



“The Big Five” 

Were performing relatively well 

"incredibly profitable corporations," 

Banking and paying out to shareholders
 $13.5 billion last year.


 It's Jobs over the Environment



Only 6 percent of the provincial total now.





For decades, the oil industry denied climate science or that global warming was caused by burning fossil fuels. 

Today, they acknowledge climate change is happening,
 but are doing everything possible behind the scenes to ensure no action is taken, according to InfluenceMap. and everyone in Canada 

This “soft” climate denialism appears to have been embraced by Scheer and the Tories. 


The Alberta Tar Sands have been dubbed the largest 


Industrial project in human history




The Cleanup bill is greater than the value 


582px version of InactiveWellsGraph.jpgThe Supreme Court of Canada said

Owners must deal with old oil wells so

The governing Alberta NDP and the official Opposition

Told the provincial legislature Tuesday

Alberta’s oil patch isn’t an emergency now,

Because they now over 70 years to 

Figure out how to clean up their tailings and reclaim the land.

The NDP and the United Conservative Party

Made the statements as they teamed up 

To shut down emergency debate on the issue,

Proposed by Liberal MLA David Swann. 

While Suncor’s mine will close down in 2033,

They have been granted until after 2100 to 

Figure out how to clean up their tailings and reclaim the land.

The NDP. Government of Alberta

Approved a tailings management plan for
Suncor Energy Incorporated, 

The oldest mining company in the Canadian tar sands. 

By approving this plan, 

Suncor will get an additional 70 years after their operations

Shut down to clean up the 

Environmental mess that they have created over
60 years of oil extraction. 

Canada's most shameful environmental secret 

They have been granted until after 2100 to
Figure out how to clean up their tailings and reclaim the land.

 It could take nearly 300 years for the industry to abandon 

All of its wells, let alone clean them up, 


Oil and gas companies can receive certificates for site clean up  


With the click of a button, 



Canada will not be able to live up to its

Canada was just ranked 51st out of 60 countries in the


Weighed down in large part by a certain oily elephant north of Edmonton. 





“That’s catastrophic levels of change in a short period of time.”

This is making Canada the laughing stock of the world

This is not normal':





Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.

Today it will cost you to clean up
Alberta's oil patch? $260 billion
$200 billion more than has been publicly reported. 
In 100 years only $1.2 billion has been invested in Clean up

The Cleanup bill is greater than the
Value of the entire oil and gas industry

“Canada wants to be a climate champion and"

Canada does not have the money to clean up the oil fields so
Canada is sweeping the problem under Water

Because there is shockingly poor regulatory oversight and lack of ambition on
Tailings management progress in Alberta,

 Tailings Ponds are Worse Than Ever

National Geographic said
This is the world's most destructive oil operation


This is due to an
Alberta policy unique in North America. 

Companies have no deadlines to clean up abandoned wells.

Oil sands waste is collected in sprawling toxic ponds.

To clean them up, oil companies plan to pour water on them


David Schindler, a former University of Alberta professor
 and renowned freshwater scientist and officer of the
 Order of Canada. 


Two Alberta courts previously ruled that private creditors of bankrupt 

Redwater Energy Corp. 

Were first in line for liquidated assets, 

Ahead of its obligation to pay for environmental cleanup.
This is the problem of taxpayers and Landowners.

The oil and gas companies aren’t setting aside the money to clean up 

Their own Mess

Guess who is going to pay for it?  

You guessed it: The rest of us so


In 1974 the Basel Committee was established by the central-bank

 Governors of the Group of Ten countries of the member central banks of the
 Bank for International Settlements (BIS), which included Canada. 

A key objective of the Committee was and is to maintain
“monetary and financial stability.” 

To achieve that goal,

 The Committee discouraged borrowing from
A nation’s own central bank interest-free


 All in the name of “maintaining the stability of the currency.”

Our Current Outstanding Public Debt of Canada is approximate:

$629,572,079,450.28 CDN.

Rather than creating money through the Bank of Canada interest-free.

Canadian taxpayers have paid one trillion,
($1,100,000,000,000) in interest on the federal debt to private lenders.

 This accumulated debt was monies borrowed to service the debt,
Essentially a payment of interest on interest 

To understand how ridiculous the present situation is,
Consider the 1993 Auditor General of Canada report 


This “subsidy” to the private lenders must end.

The solution to this problem is simply for the government to stop borrowing
money from private lenders at interest and borrow from the
Bank of Canada at no interest. 

The private banks should also be prevented from creating money. 

That right should be returned to the People of Canada
Through the Bank of Canada.





This is one reason why Canada is the next Argentina

The Government and the Oil industry has good reason to be alarmed. 

Young People Will Vote

For Canadians this was a Climate Crisis Election,

Election Shows Canadians Aren't Joking About Wanting Real Action On Climate Change Alberta’s total emissions,  And by that measu...