Just bought a fixer upper
That's pretty good.
Very worthy of teh lolz.
rong on so many levels but environment be damned its still the building of a pipeline to transport shitty oil no one will buy that costs too much to produce to a port where you can't park a VLCC
That Richard Kinder fella is some poker player, reminds me of the old saying
If you don't know who the patsy is ... its you
LOL
I think this is a win for Horgan. He now doesn't have to back down from his solid NO platform. I think it saves him a little face & keeps the Weaver alliance.
Thread killer
like it was going to end any other way.
You're right, Adam. Money talks, bullshit walks. The big petro companies want their money.
Thread killer
Last edited by: tungsten on June 4, 2018, 12:39 p.m., edited 1 time in total.
https://community.oilprice.com/topic/2377-a-buffett-type-solution-and-canadas-problem/
this ^^ senior contributing member of that site has the take that when ships quit burning high sulphur bunker oil in 2020 as mandated by the IMO it will kill the market for oilsands oil, he posted in a previous thread the problem is not the transportation of oil but that the oil is low quality and too expensive to produce
Amirite.
So word on the street is JT is so bent on this pipeline because he doesn't want Canada to get sued by China due to FIPA.
Hasn't China invested pretty heavily into tar sands production?
Good point FO and another thank-you to Harper and the Cons. No wonder Scheer is staying quiet, but I’m surprised Trudeau isn’t trying to get some mileage out of it
“This agreement, ratified in 2014, was negotiated by the previous Harper government. It was passed without a vote in Parliament. Fipa, which remains in place until 2045, was signed to ensure that China got a pipeline built from Alberta to BC, among other benefits.”
Posted by: Fast-Orange
So word on the street is JT is so bent on this pipeline because he doesn't want Canada to get sued by China due to FIPA.
Hasn't China invested pretty heavily into tar sands production?
Yes - they have. Through purchase of Canadian companies, China has secured billions of barrels of oil in Northern Alberta. Chinese state-owned CNOOC purchased Nexen for $15Bn in 2013. This is by no means their only foray into Canadian oil sands as well. Most of the major developers/operators are heavily capitalized by foreign investment, both state-owned and public/private. A lot of this investment was secured with the guise of additional pipeline transport being developed.
Posted by: syncro
Good point FO and another thank-you to Harper and the Cons. No wonder Scheer is staying quiet, but I’m surprised Trudeau isn’t trying to get some mileage out of it
“This agreement, ratified in 2014, was negotiated by the previous Harper government. It was passed without a vote in Parliament. Fipa, which remains in place until 2045, was signed to ensure that China got a pipeline built from Alberta to BC, among other benefits.”
Pretty much every country has FIPA like rules in place. And that's how business is getting done these days. If you think Trudeau would have been any different you're deluded. We're all fucked already - national sovereignty is gone. Multinational corporations are our new masters, and we don't vote for those guys.
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