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TransCanada cancels Energy East Pipeline

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    #71
    Saskatchewan Premier Brad Wall released the following statement Thursday after TransCanada announced the cancellation of the Energy East pipeline project:
    Today is not a good day for Canada. It is not a good day for the federation. It is a very bad day for the west.
    TransCanada made the decision to cancel Energy East – but make no mistake, the reasons for it fall at the feet of Prime Minister Justin Trudeau and the federal government. They have been, at best, ambivalent about the project and then moved the goalposts at the last moment by asking the regulator to consider the impact of upstream greenhouse gas emissions.
    Imagine if something like this was considered prior to the construction of auto assembly plants in Ontario or the factories that manufacture heavily subsidized jets in Quebec or the highways and rails that transport those products.
    Former federal Liberal Cabinet Minister, and now Montreal Mayor, Denis Coderre cheers the cancellation of this pipeline. He who leads a city that, just 2 years ago, used a pipeline to dump 4.9 BILLION litres, or nearly 2,000 Olympic-sized swimming pools, of raw sewage into the St. Lawrence Seaway.
    It is a good thing that Mr. Coderre’s hypocrisy needs no pipeline for conveyance, for it would need to be very large and could never get approved for construction.
    When Coderre cheers for the end of this pipeline, he cheers for the imported oil we buy from Saudi Arabia, where women can now drive, but the public beheadings continue.
    He is cheering against an energy sector in our country that employs thousands and has paid, on average, over the last 3 years $17 billion annually in taxes and royalties to Canadian governments.
    $17 billion is enough to pay for 680 new schools, 1.8 million knee replacements and 4.25 million child care spaces. We have lost an opportunity to strengthen quality of life in Canada.
    Beyond the immediate impact, there are other reasons to be concerned.
    A new Liberal carbon tax, new Liberal tax changes for small business (that will hurt many in the energy sector and farmers), changes to the NEB applied only to this sector and not to others, and methane regulations that will not be mirrored south of the border, with whom we must compete for job creating investment dollars.
    We have a company that committed more than a billion dollars to a project and made earnest efforts to address the concerns of the public and regulators. A company that made 700 changes to its plans as part of that response. Make no mistake, other companies' decisions to invest in Canada will be informed by this debacle.
    The expectation of course from the federal government, and some powerful central Canadian interests, is that the west will just grin and bear this latest blow to our economy and our people.
    That our taxpayers in Saskatchewan and Alberta will continue to send, without question, about $2.5 billion in equalization payments to help support Quebec that receives $11 billion in equalization per year and $1.4 billion to Ontario. All of this despite the fact that low energy prices have resulted in job losses and lower revenues for the last 4 years.
    Something needs to change. For the west to continue on like this in our federal system is the equivalent of having Stockholm syndrome.
    The decision by TransCanada to cancel the Energy East project was made because of a lack of interest and leadership – or worse, intentional decisions and policies of Prime Minister Justin Trudeau and his government. He should answer for this. He needs to be held accountable for this.
    His actions and his government's actions may well will have some westerners wondering if this country really values western Canada, the resources we have, and the things we do to contribute to the national economy and to quality of life for all.

    Comment


      #72
      what a great reply by Wall

      Comment


        #73
        Certainly accurate on all accounts. The federal government taxes the crap out of the workers in the energy industry and then cuts them off at the knees by eliminating future growth. Always been a big fan of Brad Wall from my vantage point in Alberta.

        Will there be any room on the left side of the spectrum for Jagmeet Singh? It would seem Trudeau et al are going full bore socialist!!

        Comment


          #74
          Originally posted by Hamloc View Post
          Certainly accurate on all accounts. The federal government taxes the crap out of the workers in the energy industry and then cuts them off at the knees by eliminating future growth. Always been a big fan of Brad Wall from my vantage point in Alberta.

          Will there be any room on the left side of the spectrum for Jagmeet Singh? It would seem Trudeau et al are going full bore socialist!!
          Wall is the most popular premier in Canada for a reason and understands the people.

          Singh will be effective in BC and urban Ontario and will steal seats from Liberals. I agree Trudeau is governing like a socialist.

          Brett Wilson has predicted that Morneau's proposed income tax changes will bring this Liberal government down. Gormley has predicted that the carbon tax will end Goodale's career.

          Time will tell.

          Comment


            #75
            Goodale is done because he has a gold plated pension....it doesnt matter what he says or does....he's getting paid.. .


            Listen to just one of his answers ....he says nothing in 5 minutes of talking.....

            Thought for a guy that came from modest beginnings he would respect Canada and think better of it than to be a career lapdog...

            He should be making similar comments like Wall if he gave a ****...

            Comment


              #76
              Pretty ho hum response from investment community, TransCanada shares not much change in value.
              If existing pipeline is valuable for gas transport, makes sense to use it for that and build alternative ones for oil.
              Do not remember details or politics of original TransCanada line in 1950's, think Liberal government pushed it through parliament in face of opposition.

              Comment


                #77
                Just a quick question for chuck. Do you not think it would be a good thing for Canada to become self sufficient in its oil and energy needs?
                I do believe we have the resources, technology, innovation to get there.

                Comment


                  #78
                  Originally posted by farmaholic View Post
                  Westernvicki, do you have a link or can it be posted, or check the news sites?
                  Check BNN.. I think it was there.

                  Comment


                    #79
                    Originally posted by farmaholic View Post
                    Saskatchewan Premier Brad Wall released the following statement Thursday after TransCanada announced the cancellation of the Energy East pipeline project:
                    Today is not a good day for Canada. It is not a good day for the federation. It is a very bad day for the west.
                    TransCanada made the decision to cancel Energy East – but make no mistake, the reasons for it fall at the feet of Prime Minister Justin Trudeau and the federal government. They have been, at best, ambivalent about the project and then moved the goalposts at the last moment by asking the regulator to consider the impact of upstream greenhouse gas emissions.
                    Imagine if something like this was considered prior to the construction of auto assembly plants in Ontario or the factories that manufacture heavily subsidized jets in Quebec or the highways and rails that transport those products.
                    Former federal Liberal Cabinet Minister, and now Montreal Mayor, Denis Coderre cheers the cancellation of this pipeline. He who leads a city that, just 2 years ago, used a pipeline to dump 4.9 BILLION litres, or nearly 2,000 Olympic-sized swimming pools, of raw sewage into the St. Lawrence Seaway.
                    It is a good thing that Mr. Coderre’s hypocrisy needs no pipeline for conveyance, for it would need to be very large and could never get approved for construction.
                    When Coderre cheers for the end of this pipeline, he cheers for the imported oil we buy from Saudi Arabia, where women can now drive, but the public beheadings continue.
                    He is cheering against an energy sector in our country that employs thousands and has paid, on average, over the last 3 years $17 billion annually in taxes and royalties to Canadian governments.
                    $17 billion is enough to pay for 680 new schools, 1.8 million knee replacements and 4.25 million child care spaces. We have lost an opportunity to strengthen quality of life in Canada.
                    Beyond the immediate impact, there are other reasons to be concerned.
                    A new Liberal carbon tax, new Liberal tax changes for small business (that will hurt many in the energy sector and farmers), changes to the NEB applied only to this sector and not to others, and methane regulations that will not be mirrored south of the border, with whom we must compete for job creating investment dollars.
                    We have a company that committed more than a billion dollars to a project and made earnest efforts to address the concerns of the public and regulators. A company that made 700 changes to its plans as part of that response. Make no mistake, other companies' decisions to invest in Canada will be informed by this debacle.
                    The expectation of course from the federal government, and some powerful central Canadian interests, is that the west will just grin and bear this latest blow to our economy and our people.
                    That our taxpayers in Saskatchewan and Alberta will continue to send, without question, about $2.5 billion in equalization payments to help support Quebec that receives $11 billion in equalization per year and $1.4 billion to Ontario. All of this despite the fact that low energy prices have resulted in job losses and lower revenues for the last 4 years.
                    Something needs to change. For the west to continue on like this in our federal system is the equivalent of having Stockholm syndrome.
                    The decision by TransCanada to cancel the Energy East project was made because of a lack of interest and leadership – or worse, intentional decisions and policies of Prime Minister Justin Trudeau and his government. He should answer for this. He needs to be held accountable for this.
                    His actions and his government's actions may well will have some westerners wondering if this country really values western Canada, the resources we have, and the things we do to contribute to the national economy and to quality of life for all.
                    This is very well said by Premier Wall.

                    It is time for all Liberal MP's in western Canada to speak up against Trudeau's anti-western policies.

                    Comment


                      #80
                      Originally posted by Bowerpower View Post
                      Just a quick question for chuck. Do you not think it would be a good thing for Canada to become self sufficient in its oil and energy needs?
                      I do believe we have the resources, technology, innovation to get there.
                      If you remember Steve Harper signed on to an international agreement that said by 2100 Canada would stop using fossil energy sources. 200 + countries signed on to the Paris accord to reduce greenhouse gases. All this is to prevent out of control global warming. If Canada is going to do it's part we will have to wean ourselves off oil. All the major car companies are planning to sell more and more electric and fuel cell cars. Clean energy is becoming more important by the day. Toyota has said that it will be zero carbon emmisions company by 2050 in the production of zero carbon emission cars using fuel cells. Do you really think that investing 15 billion in a pipeline to move western Canadian oil to eastern refineries is a good investment? Trans Canada doesn't. Yes Canada should be self sufficient in energy plus the technology to move towards a low carbon future using clean and low cost renewables. Once low cost storage of renewable energy is developed along with hydrogen fuel cells, either one or both along with other energy options will likely make make fossil energy sources go the way of the dinosaurs. How soon this happens is unpredictable. But change is already underway. How many of our grandparents and parents who farmed with horses had any idea of what technology their children and grandchildren would be using in 2017? Zero.

                      Comment

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