Teck Pulls Out

[Taiga]

Furtermore, it is obvious from the comments here most of you have not read the letter Tech Resources sent to the government announcing it pullout decision. The given reason is the LACK of a coherent Canadian climate change policy. Instead of touting conspiracy theories, read the Tech letter. https://www.teck.com/news/news-releases/2020/teck-withdraws-regulatory-application-for-frontier-project https://www.teck.com/news/news-releases/2020/teck-withdraws-regulatory-application-for-frontier-project

That is exactly what everyone is saying actually. Business environment in Canada is so uncertain due to this government that businesses are scared to, or refuse to, make investment here. There is no confusion about this.

[sumdumguy]

Dml, you will figure it out when you freeze in the dark. My father used to say, “It’s no use beating your head against a brick wall.” Pity Canada! If we ever needed a Trump, its four years ago.

[farming101]

Saw this the other day:

It's always darkest just before the tornado

[Oliver88]

Dml, you will figure it out when you freeze in the dark. My father used to say, “It’s no use beating your head against a brick wall.” Pity Canada! If we ever needed a Trump, its four years ago.

Trump is in India currently gaining sales and business for USA companies. Pays to wear a suit.....unlike Skippy got us extra tariffs.

Trump had a little India rally and 110,000 attended.

[dmlfarmer]

That is not what that letter says. It says that govts need to reconcile resource extraction with climate policy because the two cannot coexist as they are. But we all knew that 4 yrs ago.

.

Really Jazz? Here are direct quotes from the Tech letter:

At the same time, there is an urgent need to reduce global carbon emissions and support action on climate change.

As a proudly Canadian company for over 100 years, we know these two priorities do not have to be in conflict.

At Teck, we believe deeply in the need to address climate change and believe that Canada has an important role to play globally as a responsible supplier of natural resources. We support strong actions to enable the transition to a low carbon future. We are also strong supporters of Canada’s action on carbon pricing and other climate policies such as legislated caps for oil sands emissions.



Jazz you reply was total BS and it proves the Mark Twain axiom:“What gets us into trouble is not what we don't know. It's what we know for sure that just ain't so.”

[jazz]

Really Jazz? Here are direct quotes from the Tech letter:

At the same time, there is an urgent need to reduce global carbon emissions and support action on climate change.

As a proudly Canadian company for over 100 years, we know these two priorities do not have to be in conflict.

At Teck, we believe deeply in the need to address climate change and believe that Canada has an important role to play globally as a responsible supplier of natural resources. We support strong actions to enable the transition to a low carbon future. We are also strong supporters of Canada’s action on carbon pricing and other climate policies such as legislated caps for oil sands emissions.



Jazz you reply was total BS and it proves the Mark Twain axiom:“What gets us into trouble is not what we don't know. It's what we know for sure that just ain't so.”

F that, I am in no mood today. That statement was clearly coerced by the feds to give them some exit cash. They wont be investing a dime in Canada ever again, so might as well play with the feds for a couple days to make a dignified and economic exit and save face at the same time.

[dmlfarmer]

F that, I am in no mood today. That statement was clearly coerced by the feds to give them some exit cash. They wont be investing a dime in Canada ever again, so might as well play with the feds for a couple days to make a dignified and economic exit and save face at the same time.

LMAO at another Jazz conspiracy theory!

[Tucker]

LMAO at another Jazz conspiracy theory!

Yeah I'm in no mood this morning either. **** you dml. Would YOU honestly invest your own money in a mining company in Canada today? Not our ****ing money, not government money. YOUR OWN money. I sure as **** wouldn't with all this environmental and native protest bullsh1t going on. **** Canada and its limp d1ck leader. I don't blame Teck for pulling out one bit. I have a few planned machinery purchases for this year on hold right now and I know it's going to be a blood bath for sellers at RB this spring. I'm not investing any more than necessary in farming this year.

[Taiga]

https://nationalpost.com/news/politics/teck-frontier-mine-alberta-oilsands

This is what the CEO of Teck has to say about it.

DML is confused. I suspect most Liberal
Loving Canadians can't see past their
TV dinners and the game they are watching. Once they have killed Canada's resource industries and the world slips into a depression, I would guess 20 years and a new generation before major energy development commences again.

[blackpowder]

Winning; one loss at a time.

[furrowtickler]

That is exactly what everyone is saying actually. Business environment in Canada is so uncertain due to this government that businesses are scared to, or refuse to, make investment here. There is no confusion about this.

Exactly... when you look at Teck statements, they are politely say this government has zero control over the business environment and until Canada gets its shot together.... their out
Coastal Gas will be the next one ..

[dmlfarmer]

That is exactly what everyone is saying actually. Business environment in Canada is so uncertain due to this government that businesses are scared to, or refuse to, make investment here. There is no confusion about this.

No its not. There is more than one government in Canada. There is no coherent policy on climate change. Even though there is a agreement by every federal party including the Cons that climate change is happening and something needs to be done, this is vast disagreement on what should be done and government action should be funded. Some provincial governments are challenging existing government policy on the carbon tax in court. Most of the posters on here deny climate change is happening and publicly state such every chance they get. This is uncertainty

Furthermore, you ignore the role global prices have on future investment in the energy sector, prices which are not set or controlled by Canada. This is uncertainty

And most importantly you ignore the sentiment of investors. Funds are backing away from investing in mega oil plays. This is uncertainty.

Teck made a business decision to withdraw its proposal because as the CEO states: uncertainty which includes multiple factors and not just a Liberal government.

[fjlip]

"Most of the posters on here deny climate change is happening and publicly state such every chance they get."

Bullshit! Climate is always changing, always has, always will. Only total brain dead morons can't see it has been HOTTER and COLDER over the centuries. Humans can not change it with TAXES, total waste of our economy/ resources/ mental state. Adapt! is the only requirement, IF it changes to hurt some places/people. If we are still here ,THAT is what has happened in the past.

[Tucker]

No its not. There is more than one government in Canada. There is no coherent policy on climate change. Even though there is a agreement by every federal party including the Cons that climate change is happening and something needs to be done, this is vast disagreement on what should be done and government action should be funded. Some provincial governments are challenging existing government policy on the carbon tax in court. Most of the posters on here deny climate change is happening and publicly state such every chance they get. This is uncertainty

Furthermore, you ignore the role global prices have on future investment in the energy sector, prices which are not set or controlled by Canada. This is uncertainty

And most importantly you ignore the sentiment of investors. Funds are backing away from investing in mega oil plays. This is uncertainty.

Teck made a business decision to withdraw its proposal because as the CEO states: uncertainty which includes multiple factors and not just a Liberal government.

You're wrong. It's entirely because companies watch projects where they have already invested billions of dollars get cancelled. Cancelled because a few disgruntled natives who lost their respective band elections threw a tantrum and the government is so weak, effeminate and ineffective that they won't say "Suck it up and get those tracks clear or we're going to play some soldiers and indians on your a$$."

[jazz]

I doubt dml has ever worked in business. They have scores of analysts and experts that give them information on market conditions, supply, demand, cost of production. They know how to guage that risk.

The risk they cant guage is when some SJW marxist gets into power and dreams up a climate scam, or when foreign NGOs get funded to lay down in front of projects and spam twitter all day, or when indigineous folks are weaponized in the fight or when the prospect of endless layers of unelected unaccountable indignenous leadership and royalty cannot be resolved to provide consent.