TransCanada cancels Energy East Pipeline

[chuckChuck]

Right on!



We have **** all. Imagine how big Alberta's sovereign wealth fund could be if instead of giving the rest of the country equalization payments they would have put all that into their own fund.


We can't so that though because this is Canada... Where the good of the majority trumps the accomplishments of a few.

Western Canada has been taken advantage of since confederation.

Would you like me to post the video where Trudeau says a PM from the west is always bad? Or the story of how western provinces had no right over their own resources for half a century.



I don't know it all. Far from it. I'm a student of the world. However unlike you I've seen this cycle play out once in my lifetime... And studied many more.


It's liberals like you who don't understand societal and human nature - that have their heads in the sand telling the rest of us how smart and enlightened you are - that are doomed.

Equalization is a federal program paid for by all taxpayers in every province not just Alberta. The only reason why Albertans pay more federal taxes is because incomes are higher because of the resource sector. if you earn a 100 K in Quebec or Alberta you pay the same amount of federal tax more or less. Incomes are higher per capita in Alberta and Albertans get the benefit of higher incomes.

The western provinces chose to keep royalty rates low and let the oil companies take the excess profit. In Norway they knew it was a one time resource that should be used for the benefit of all citizens. They purposely saved a lot of oil revenues so that future generations would benefit and they would have money when the oil ran out. They also managed the resource so it did not cause out of control inflation and increased costs of production. Peter Lougheed who fought against the NEP was in favour of an Alberta Heritage fund and was in favour of managed growth. The Norwegians came to Canada to study Albertas Heritage fund. They had the political will to make it work. While circumstances in Norway and Canada are different it is pretty obvious that Norwegians acted in a more fiscally Conservative way. Alberta is a glaring example of why you don't fund your government on fluctuating resource revenues and why you should save some of the one time resource revenues and not let all the profits go into the hands of small number of oil companies who have little interest in the long term sustainability of the provinces economy.

[Klause]

You're a broken record.


Why is Quebec 's hydro not calculated in equalization but Alberta's oil is?


Oh right.... Because of eastern entitlement... But wait that doesn't exist to people like you.. give me a break.



Here read this... It's written over simplistically but the facts are there... [URL="https://letstalkroyalties.ca/did-you-know/lets-talk-about-norway/"]https://letstalkroyalties.ca/did-you-know/lets-talk-about-norway/[/URL]

[Oliver88]

Why aren't we calculating upstream and downstream GHG levels of Bombardier jets built in Quebec? Are these heavy fossil fuel users good for the environment?!
Why aren't we calculating the implications of upstream and downstream GHG levels caused by fossil fuel burning automobiles manufactured in Ontario?!

How would these industries survive if they were scrutinized similar to an oil pipeline?

Do you think we would of had Trudeau adding an EXTRA level of tests to an already onerous list of reviews if the energy industry was a large part of the Quebec economy?.......what a disgrace.

[mustardman]

Sorry Klause but when Harper came to power he promised to change the equalization formula but later changed his mind
Lorne Calvert pressed him to change the formula as he had originally stated, Didn't help when Brad Wall SIDED with Steve to get brownie points

[Klause]

Why aren't we calculating upstream and downstream GHG levels of Bombardier jets built in Quebec? Are these heavy fossil fuel users good for the environment?!
Why aren't we calculating the implications of upstream and downstream GHG levels caused by fossil fuel burning automobiles manufactured in Ontario?!

How would these industries survive if they were scrutinized similar to an oil pipeline?

Do you think we would of had Trudeau adding an EXTRA level of tests to an already onerous list of reviews if the energy industry was a large part of the Quebec economy?.......what a disgrace.

Don't forget the number of birds wind turbines in Ontario and Quebec kill... Vs those killed in the oil sands... But only one set get fined...

[Klause]

Sorry Klause but when Harper came to power he promised to change the equalization formula but later changed his mind
Lorne Calvert pressed him to change the formula as he had originally stated, Didn't help when Brad Wall SIDED with Steve to get brownie points

I didn't say Harper was right.


Equalization should be eliminated completely. Money should stay where it's earned. That way those have not will try harder to be haves instead of trying to get "permanent wealth redistribution" like Quebec wants

[Klause]

Oh and Chucky why I'd it ok for Quebec to dump all that raw sewage... But yet we are worried about a leak that may not happen on an oil pipe. Which has a more immediate detrimental effect on the environment.

[LEP]

Mustardman, to say all the oil would be exported is wrong. If Energy east was built a million barrels a day was supposed to be run through the moosomin terminal of LIGHT SWEET Baken and Light Viking oil at Kerrobert. That shit is so sweet you can almost bottle it directly.

Oh well, send her by rail. See how that goes over.

[helmsdale]

Mustardman, to say all the oil would be exported is wrong. If Energy east was built a million barrels a day was supposed to be run through the moosomin terminal of LIGHT SWEET Baken and Light Viking oil at Kerrobert. That shit is so sweet you can almost bottle it directly.

Oh well, send her by rail. See how that goes over.

Used to haul light crude out of two Penn west batteries with a density in the high 600s to low 700s (kg/cubic meter). Most loads had a density lower than gasoline. It's not all heavy smag. Even the dilbit I hauled out of mcmurray area(~925) was lighter than most conventionally obtained heavies down here(~950).

[westernvicki]

Underground economy as a proportion of gross domestic product by province and territory, 2013 http://www.statcan.gc.ca/daily-quotidien/160620/cg-b002-eng.h

Alberta has the lowest % of underground economy in Canada at 1.6% Quebec the highest at 3.1%.
Just another difference in the way the two provinces see the world. I am unsure if the equalization formula adjusts Quebecs' economic statistics by this factor when calculating the formula.

The reality for Canada is the chasm created by the cancellation of EE and the Quebecs" mayor "dancing on the graves of Alberta jobs", was made worse by the attack on small business & farmers by the recent tax measures proposed. The timing could not be worse for the PM, & unrest in the west. Sentiment that will not be easy to bridge, as Premier Brad Wall so well pointed out. The rhetoric on both sides has not been this intense since the last Federal Liberal government of Jean Chretien when the west had the slogan "The West wants in!" Deja vu, absolutely.

At the very least this PM, whose campaign reached out to the west, can address the inequalities of the the equalization formula, long (long) overdue as a needed & necessary measure of both the economy of contributing provinces & to address the growing dissent. The provinces of Alberta & Saskatchewan whose economies will be impacted most by Energy East would see this as a gesture of leadership from a PM whose campaign was one of national unity.

It may be the right time to do the right thing on the equalization formula, indeed if fairness is truly at the core of this PMs MO.