Alberta vs. Canada?
It's Jobs over the Environment
Alberta oil Jobs are backsliding
Alberta employs about 140,000 people in the oil and gas sector
Only 6 percent of the provincial total now.
Premier Rachel Notley
Alberta’s oil and gas companies have figured out how to pull off
“ Bankruptcy-for-profit”
If you look at the Government graphs you will see
There is very few jobs and very little money for Canadians
And one huge clean up bill
That our Children and Grandchildren will pay for
Because we can not afford to pay for it now
Stunning internal documents from Alberta's Energy Regulator estimate the cost to clean up Alberta's oil and gas industry may be $260 billion.
$200 billion more than has been publicly reported.
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,
Tar Sands Oil Extraction - The Dirty Truth
It's Jobs over the Environment
Alberta oil Jobs are backsliding
Alberta employs about 140,000 people in the oil and gas sector
Only 6 percent of the provincial total now.
Premier Rachel Notley
Said Alberta is
Alberta’s oil and gas companies have figured out how to pull off
“ Bankruptcy-for-profit”
If you look at the Government graphs you will see
There is very few jobs and very little money for Canadians
And one huge clean up bill
That our Children and Grandchildren will pay for
Because we can not afford to pay for it now
$200 billion more than has been publicly reported.
In 100 years this is all that has been Invested in Clean up
We had 100 years of Alberta oil
The Cleanup bill is greater than the value
Of the entire oil and gas industry
The governing Alberta NDP and the official Opposition
We had 100 years of Alberta oil
The Cleanup bill is greater than the value
Of the entire oil and gas industry
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,
Tar Sands Oil Extraction - The Dirty Truth
Bitumen in an open mine area is shown at the historic Bitumount oil sands mining,
Separating and refining facility in Fort McMurray Alta, on Tuesday October 5, 2016.
A Calgary financial analyst says prices being paid for Western Canadian oil sand Bitumen in an open mine area is shown at the historic Bitumount oil sands mining, separating and refining facility in Fort McMurray Alta, on Tuesday October 5, 2016.
A Calgary financial analyst says prices being paid for Western Canadian oil sands bitumen have fallen so far that producers are actually losing money on every barrel sold into the spot market.
THE CANADIAN PRESS/Jason Fransonds
The historic Bitumount oil sands mining site
How Big Are Canada’s Oil Sands?
The Alberta Tar Sands have been dubbed the largest
And most destructive
Industrial project in human history
These open, unlined ponds currently cover 220 sq. km,
An area of land equivalent to 73 New York Central Parks.
A single tailings pond the Mildred Lake Settling Basin
Has been identified by the US Department of the Interior
As the world’s largest dam.
If the Big Five are able to continue to steer provincial and federal fiscal,
energy, and climate policies,
Canada will not be able to live up to its Paris Agreement obligations for the year 2050.
What is more,
Humanity likely doesn’t have three decades to dramatically reduce fossil fuel use.
To start off,
Province-wide there are
One well for every 10 people living in Alberta.
Well owners have almost
No hard deadlines for well cleanup.
Alberta’s ‘reclaimed’ wells aren’t actually reclaimed:
Oil and gas companies can receive certificates for site clean up
With the click of a button,
The government’s own research studied wellsite's
Where reclamation certificates had been issued —
And found they were nowhere near back to normal.
“Every single wellsite failed.”
The cleanup bill for these wells is greater than the value
Of the entire oil and gas industry.
The liability for these sites eventually reverts back to the taxpayer.
“Full cycle” reclamation cost can range from $100,000,
Up to millions of dollars for a really difficult well.
150,000 abandoned or inactive wells,
Alberta taxpayers footing bill for delinquent oil and gas companies,
They all have to be clean up right now or in the coming years
Up to millions of dollars for a really difficult well.
150,000 abandoned or inactive wells,
Alberta taxpayers footing bill for delinquent oil and gas companies,
They all have to be clean up right now or in the coming years
Map of Oil & Natural Gas Drilling Health & Safety Issues
Another 100,000 or so wells have not officially
Declared abandoned or inactive but have
Been paying no royalties to the
Provincial government and will likely also
Become the problem of taxpayers and Landowners.
And if oil and gas companies aren’t setting aside the money to clean up
Their own mess, just who is going to pay for it?
Justin Trudeau Says Bill C-69 bill is necessary if
Canadians want to see their resources developed,
he said.
"We're going to work to make sure that we're creating a system
Where Canadians have no say over the pipeline or oil sands
Where you don't have to pass a law to get a pipeline built,
You don't have to buy an energy project in order to de-risk it,
"We want an energy sector where the private sector has confidence
In getting our resources to markets."
Justin Trudeau Says Bill C-69 Needed To Avoid Another Pipeline Impasse
Bill C-69, the Impact Assessment Act, and Indigenous Process Considerations
The Truth Is
Trudeau needs Bill C-69 ,
More than two-thirds or 71% of the ownership of oil sands production in
Canada is now owned by foreign entities
He's trying to
“Protect and promote” foreign investment
Not Canadians
It's called the Canada-China Foreign Investment Promotion and Protection
FIPA] is not a free trade agreement
But rather a bilateral agreement intended to
“Protect and promote” foreign investment
Through legally-binding rights and obligations.
It was passed without a vote in Parliament.
[Fipa] which remains in place until 2045,
It was signed to ensure that China got a pipeline built
Among many other benefits.
5 things to know about the Canada-China investment treaty
But rather a bilateral agreement intended to
“Protect and promote” foreign investment
Through legally-binding rights and obligations.
It was passed without a vote in Parliament.
[Fipa] which remains in place until 2045,
It was signed to ensure that China got a pipeline built
Among many other benefits.
5 things to know about the Canada-China investment treaty
Alberta To Fight “Air Barrels”
As Prices Continue To Plunge
Alberta is losing billions every year
Canadian Natural Resources estimated last spring that as much as
125,000 barrels a day of capacity on Enbridge Mainline is running empty
Because of air barrel nominations.
Recent throughput statistics on Enbridge’s system Suggest it could be
Closer to 150,000 barrels a day.
As Prices Continue To Plunge
Alberta is losing billions every year
Canadian Natural Resources estimated last spring that as much as
125,000 barrels a day of capacity on Enbridge Mainline is running empty
Because of air barrel nominations.
Recent throughput statistics on Enbridge’s system Suggest it could be
Closer to 150,000 barrels a day.
Oil Sands Operations
You can see that at bottom right in the chart above —
the red line's sudden, upward spike.
The Big players say that
Bitumen have fallen so far that producers are actually losing money on every barrel sold into the spot market.
Which means if WTI is selling for $50 US a barrel we would expect
the red line's sudden, upward spike.
The Big players say that
Bitumen have fallen so far that producers are actually losing money on every barrel sold into the spot market.
Alberta’s heavy oil is a low-quality crude that
Always sells at a discount to lighter, higher quality oil.
It costs money to deliver oil to Cushing USA.
Which further reduces its price.
Which further reduces its price.
The natural discount for quality and transportation is
$15 US to $20 US per barrel
$15 US to $20 US per barrel
WCS to sell for about $30 US to $35 US a barrel.
Oilsands bitumen prices are actually in negative territory,
Analyst calculates
Alberta oil is sold for pennies on the dollar Then
Alberta calls for more pipelines,
Industry manipulates the current system.
Oil sands producers are using “air barrels”
To game the pipeline system,
Reducing capacity, lowering bitumen prices and costing
The Alberta government royalty revenues.
Moreover the problem has existed for years
While provincial and federal Governments have done little to end
The gaming of the pipeline system.
“But instead of fixing the problem the regulators
Allow big players to continue to scam the system,
Standing idly by while royalty payments to Albertans are eroded”
CALGARY - Oil production cuts announced by
The Alberta government will have the
Desired outcome of reducing steep discounts on its oil,
The government estimates Alberta is losing
$80 million a day due to this discount,
But Notley says the alternative is losing billions a year as
Alberta oil is sold for pennies on the dollar for international oil.
Notley wants Alberta to buy rail cars to move oil,
Wants Ottawa to chip in
Plus Alberta Government wants the Trans Mountain pipeline build
False oil price narrative used to scare Canadians into accepting
Trans Mountain pipeline
Alberta’s oil and gas companies have figured out how to pull off
“bankruptcy-for-profit”— and it’s the scheme of the century.
This is working so well
Lead author Ian Hussey said
Suncor, CNRL, Cenovus, Imperial and Husky have remained
"incredibly profitable corporations,"
Banking and paying out to shareholders $13.5 billion last year.
ALBERTA OIL SANDS INDUSTRY
Oilsands bitumen prices are actually in negative territory,
Analyst calculates
Alberta oil is sold for pennies on the dollar Then
Canada Buys back the oil at Full Market Price
Instead of fixing the real problems
Alberta calls for more pipelines,
Industry manipulates the current system.
Oil sands producers are using “air barrels”
To game the pipeline system,
Reducing capacity, lowering bitumen prices and costing
The Alberta government royalty revenues.
Moreover the problem has existed for years
While provincial and federal Governments have done little to end
The gaming of the pipeline system.
“But instead of fixing the problem the regulators
Allow big players to continue to scam the system,
Standing idly by while royalty payments to Albertans are eroded”
CALGARY - Oil production cuts announced by
The Alberta government will have the
Desired outcome of reducing steep discounts on its oil,
The government estimates Alberta is losing
$80 million a day due to this discount,
But Notley says the alternative is losing billions a year as
Alberta oil is sold for pennies on the dollar for international oil.
Notley wants Alberta to buy rail cars to move oil,
Wants Ottawa to chip in
Plus Alberta Government wants the Trans Mountain pipeline build
False oil price narrative used to scare Canadians into accepting
Trans Mountain pipeline
Alberta’s oil and gas companies have figured out how to pull off
“bankruptcy-for-profit”— and it’s the scheme of the century.
This is working so well
Lead author Ian Hussey said
Suncor, CNRL, Cenovus, Imperial and Husky have remained
"incredibly profitable corporations,"
Banking and paying out to shareholders $13.5 billion last year.
ALBERTA OIL SANDS INDUSTRY
Oil firm ceasing operations, leaving thousands of Alberta wells untended
Alberta’s Growing $30-Billion Liability: Inactive Wells
Oil sands Tailing Ponds Ticking Time Bomb for Canadians
Mega-Fracking Brings Big Jump in Industry Water Use
Mega-Fracking in BC Linked to Earthquakes, Study Finds
Big Dams and a Big Fracking Problem in B.C.’s Energy-rich Peace River Region
Alberta’s Oil Patch isn’t an Emergency now
We save ourselves $260 Billion Today. Plus
The Climate Budget that you see here would cost Canada Billions
This is money Canada does not have
We save ourselves $260 Billion Today. Plus
The Climate Budget that you see here would cost Canada Billions
This is money Canada does not have
“According to the government of Alberta’s own data,
Alberta has granted approvals that cumulatively add up to 131 megatonnes of emissions — blowing well past its own 100 megatonne oilsands limit and consuming a massive share of Canada’s own climate budget,
Alberta has granted approvals that cumulatively add up to 131 megatonnes of emissions — blowing well past its own 100 megatonne oilsands limit and consuming a massive share of Canada’s own climate budget,
Still the Canadian governments continue to hand out billions of dollars in
Fossil fuel subsidies,
Without disclosing to the public the value of the financial supports and
Tax provisions available to the industry.
IMF Pegs Canada’s Fossil Fuel Subsidies at $34 Billion
Bloomberg has called fossil fuel subsidies "Canada's dumbest policy"
Wasteful, expensive, environmentally destructive, and unnecessary.
Two-thirds of Canadians are strongly opposed to
Federal and provincial governments using public dollars
To subsidize oil and gas companies.
Despite this significant public opposition,
The Canadian governments continue to hand out
Billions of dollars in fossil fuel subsidies,
Without disclosing to the public
The value of the financial supports and tax provisions available to the industry.
NDP Premier John Horgan just gave a
$6-billion a year tax break for LNG producers in BC
This is over and above what Canada gives
Fossil fuels subsidised is going up by $10m a minute, says IMF
The total petroleum subsidies in Canada in 2011 was $20.23 billion
More than 20 times the annual budget of Environment Canada.
Fossil fuel subsidies,
Without disclosing to the public the value of the financial supports and
Tax provisions available to the industry.
IMF Pegs Canada’s Fossil Fuel Subsidies at $34 Billion
Bloomberg has called fossil fuel subsidies "Canada's dumbest policy"
Wasteful, expensive, environmentally destructive, and unnecessary.
Two-thirds of Canadians are strongly opposed to
Federal and provincial governments using public dollars
To subsidize oil and gas companies.
Despite this significant public opposition,
The Canadian governments continue to hand out
Billions of dollars in fossil fuel subsidies,
Without disclosing to the public
The value of the financial supports and tax provisions available to the industry.
NDP Premier John Horgan just gave a
$6-billion a year tax break for LNG producers in BC
This is over and above what Canada gives
Fossil fuels subsidised is going up by $10m a minute, says IMF
The total petroleum subsidies in Canada in 2011 was $20.23 billion
More than 20 times the annual budget of Environment Canada.
Today 2018-10-11
Canada's Fossil Fuels subsidies is now 40 + Billion per Year
All you have to do is add 40+ billion by 25 years
You Get One Trillion Plus
This is the Governments Forecast at $100.00 per Barrel
The oil sands industry and its suppliers contribute to government revenues
Through corporate taxes, personal income taxes, property taxes,
Royalties, land sales and other costs.
Over the next 20 years, the oil sands industry is expected to pay $1.7 trillion in
Provincial and federal taxes – including royalties.
Royalties are in red
Total capital spending is forecast to be $41 billion in 2018
A 49 per cent decrease compared to $81 billion in 2014.
Canada's Fossil Fuels subsidies is now 40 + Billion per Year
All you have to do is add 40+ billion by 25 years
You Get One Trillion Plus
This is the Governments Forecast at $100.00 per Barrel
The oil sands industry and its suppliers contribute to government revenues
Through corporate taxes, personal income taxes, property taxes,
Royalties, land sales and other costs.
Over the next 20 years, the oil sands industry is expected to pay $1.7 trillion in
Provincial and federal taxes – including royalties.
Royalties are in red
Total capital spending is forecast to be $41 billion in 2018
A 49 per cent decrease compared to $81 billion in 2014.
The truth is
Canada should be one of the Richest Nations in the World
In addition to oil.
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
This is what the Government made
It's not from Canada's natural resources
It comes from you
This is what the Government made
Because Alberta oil is sold for pennies on the dollar and
More than two-thirds or 71% of the ownership of oil sands production in
Canada is now owned by foreign entities today
Today our Current Outstanding Public Debt of Canada is approximate:
$629,572,079,450.28 CDN.
Canada's National Debt
Canada Government Debt to GDP
Believe it or not
Alberta
Canada is now owned by foreign entities today
Today our Current Outstanding Public Debt of Canada is approximate:
$629,572,079,450.28 CDN.
Canada's National Debt
Canada Government Debt to GDP
Believe it or not
Alberta
Will be $71 billion of debt by the time the
This is a dramatics change in fortunes for a province
That celebrated being debt free 20 years earlier
The current population of Canada is 37,043,982 as of
Thursday, October 11, 2018,
Canada Population (LIVE)
Every Man . Woman and Child in Canada pays
Over 40 Billion Dollars in Fossil Fuels subsidies
The Interest on the Debt 62.8 Billion Dollars
Total 102.8 Billion Dollars
The Government promise they would stop this
We are still paying and it's getting bigger every year
Canada only takes in 147.7 Billion
This is why
The Government of Canada borrows much of the monies to cover its shortfalls
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
And encouraged borrowing from private creditors,
All in the name of “maintaining the stability of the currency.”
Our Current Outstanding Public Debt of Canada is approximate:
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 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
While Canada slashes budgets for research, education and public broadcasting,
There is one part of our economy that enjoys remarkable support from the
Canadian taxpayer
The Canadian oil and gas industry
The big Five gets all the oil and the subsidies they are doing just fine,"
Suncor, CNRL, Cenovus, Imperial and Husky have remained
Banking and paying out to shareholders $13.5 billion last year.
"There's no question that the price crash
Had a major impact on the industry in Alberta
Plus Oil sands producers are using “air barrels”
To game the pipeline system, reducing capacity,
Lowering bitumen prices and costing
The Alberta government royalty revenues.
To game the pipeline system, reducing capacity,
Lowering bitumen prices and costing
The Alberta government royalty revenues.
Canadian government continue to hand out
Billions of dollars in fossil fuel subsidies,
Making Canada Number One in the World
The International Monetary Fund estimates that energy subsidies in Canada
Top an incredible $40 billion each year in direct support
Canada the largest provider of government support for oil and gas production
Per unit of GDP in all G7 countries
The International Monetary Fund estimates that energy subsidies in Canada
Top an incredible $40 billion each year in direct support
To producers and uncollected tax on externalized costs making
Per unit of GDP in all G7 countries
In comparison to other countries,
Canada provides more subsidies to petroleum as a proportion of
Government revenue than any developed nation on Earth
The Canadian Government continues to use billions in taxpayer money
By offering tax breaks, fiscal supports and direct grants to encourage the
Production of more oil, gas and coal,
The true cost of these subsidies are “hidden” from Canadians,
The true cost of these subsidies are “hidden” from Canadians,
Many Canadians accept the situation as normal,
Something that can't be changed.
Yet they do not question the absurdity of this reality.
Yet they do not question the absurdity of this reality.
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
Many Middle East countries are rich because of oil,
Just look at Saudi Arabia
Over the last 10 years,
In addition to oil.
Canada has many other valuable natural resources
Today Canada's oil is 71% owned by Foreign Entities
Most of the benefits go to Foreign Entities and Big Businesses
This is why our Resource-Rich Canadian Government is Always Poor
This is why our Resource-Rich Canadian Government is Always Poor
The Truth is
The only benefit Canadians get is a Job to pay for roads, schools and hospitals
The Canadian oil and gas industry now employs about 180,000 workers,
As if to drive the point home,
Alberta, produces 2.5 million barrels of oil per day
912.500.000 barrels of oil per year
Because all the benefits and the subsidies goes to
Foreign Entities and Big Businesses
Because all the benefits and the subsidies goes to
Foreign Entities and Big Businesses
It costs Canada 5,064.444 barrels every year
Just to keep one full time worker [working]
When the Kinder Morgan Pipe Line gets build
It will pump out three times more oil
Just to keep one full time worker [working]
The truth is
The Canadian budget makes it abundantly clear where its revenues come from
It's not from Canada's natural resources
Canada should be one of the Richest Nations in the World
The Canadian budget makes it abundantly clear where its revenues come from
It's not from Canada's natural resources
The vast majority comes from you and your personal income taxes.
Plus Oil giants pay billions less tax in Canada than abroad
Behind all the spin, the reality is clear
All of the oil and the subsidies goes to Foreign Entities and Big Businesses
Canadian Taxpayers and the Environment Lose in the pipeline debacle.
Canadians really are Getting a Bum Deal from the Oil Industry
Made the pipeline a National Security Issue
It’s in the national interest of Canada
To keep Canadians working
Our Government needs these Jobs to keep the economy going
You get a job to pay taxes to pay for roads, schools and hospitals
Let's share actual facts about the Trans Mountain pipeline
Kinder Morgan initially told the National Energy Board in
2013 the expansion would create 2,500 temporary construction jobs over
Two years with 90 permanent jobs.
Even that number is high,
With several jobs already held by people who work on the existing pipeline.
We’ve Got New Trans Mountain Data And We’re Sharing It
We’ve Got New Trans Mountain Data And We’re Sharing It
Alberta,
The royalties for oil sand production
Goes down every year
The royalties could amount to merely 1 per Cent
“Canada’s non-renewable energy resources
Are clearly being sold off for ever-decreasing benefit,”
Alberta government non-renewable resource revenue as a percentage of total government revenue from 1970 to 2016.
Source: Alberta Energy July 2017 and Alberta 2017 budget estimates; production from
CAPP and NEB; other resource revenue includes rental fees, lease sales and coal royalties.
If you look at the Government graph
You will know what is happening in Canada
You will see
When oil and gas production go up
Canada's Fossil Fuel Subsidies nearly double
Royalties and Government revenue from oil and gas goes down to nearly nothing
Royalties are in red
Royalties are in red
We had 100 years of Alberta oil
Our Current Outstanding Public Debt of Canada is approximate:
$629,572,079,450.28 CDN.
Believe it or not
Alberta
Will be $71 billion of debt by the time the
This is a dramatics change in fortunes for a province
That celebrated being debt free 20 years earlier
The truth is
The Government sold Canada's oil
Canada Buys back the oil at Full Market Price
It's all because
China is now the biggest investors in the Alberta oil sands
More than two-thirds or 71% of the ownership of oil sands production in
This is why the
Alberta government collected more in gambling and casino revenue
That it did in royalties from oil companies
Plus
Export Development Canada also finances oil production in other countries,
Spending almost $12 billion in 2016 and $10 billion in 2017
Plus
The U.S. shale-oil industry by somewhere around $25 billion per year.
Justin Trudeau’s Liberal government and the provinces also continue to give
$40 billion is obviously a lot of money.
What could Canada do with an extra $40 billion a year?
Both Vancouver and Toronto are struggling with how to fund
Long overdue upgrades to public transportation.
Subway construction comes in at about $250 million per kilometre,
Meaning we could build about 140 kilometres of badly-needed urban subway lines every year.
This sorely needed infrastructure would save the average household
thousands in wasted time sitting in traffic,
Canada’s infrastructure deficit of crumbling roads and outdated water and sewage treatment is pegged at $171 billion.
This backlog could be wiped out in five years with the revenue we are subsidizing to the energy sector.
Of course, not all things of value can be measured by bricks and mortar.
Thirty-four billion dollars each year
Could provide $10-a-day childcare for 5.5 million children ages 0 to 5.
Canada’s child care costs are currently the highest in the OECD.
Taxpayer dollars to subsidize a fossil fuel industry
$3.3 billion in yearly subsidies to fossil fuel producers in the country,
Taxpayer dollars to subsidize a fossil fuel industry
$3.3 billion in yearly subsidies to fossil fuel producers in the country,
The exact amount changes from year to year,
So this is a yearly average based on estimates from the period 2013-2015
With specific data used for all years available and averaged.
During periods of higher oil prices,
(such as those in Alberta)
Were higher in 2013 than in 2015”
Dollars to subsidize a fossil fuel industry
These are some of the largest current subsidies to the fossil fuel industry in Canada.
Dollars to subsidize a fossil fuel industry
These are some of the largest current subsidies to the fossil fuel industry in Canada.
| Subsidy name | Who gives it? | Who gets it? | How much is it worth?* |
|---|---|---|---|
| Canadian Development Expense | Canada | Oil and gas companies | $1,018 million |
| Canadian Exploration Expense | Canada | Oil and gas companies | $148 million |
| Crown Royalty Reductions | Alberta | Oil and gas companies | $1,161 million |
| Deep Drilling Credit | British Columbia | Gas companies | $271 million |
| Atlantic Investment Tax Credit** | Canada | Oil and gas companies | $127 million |
| Other subsidies | Federal and provincial | Oil and gas companies | $589 million |
| Total | $3,314 million |
Everyone remembers President Trump calling NAFTA
He is 100% right this is the worst trade deal for Canada
Trump just unveiled the new trade world order.
Plus
Canada is 150 years old
Everyone in Canada is asking why do we need NAFTA
When we do not have Free Trade in Canada
Why would our Government sign a treaty like this with the USA.
Now we have no control even over our pipeline
Trump proposes gutting fuel economy rules in
The truth is
The price plunge has wounded Canada's oil patch.
Will Alberta, budget threatens to send us over the fiscal cliff with
Higher spending, higher taxes and a plan that plunges
Believe it or not, into $71 billion of debt by the time the
After 100 years of Alberta oil
This means
Plus our Government is selling everything that can be sold
Cheaper than any other nation in the World
To make up the loss of natural resources revenue
The truth is
Will be paying for things that they don't get to enjoy,
Canadian Children will not be able to afford to work or live in Canada
This has already started in most Canadian Cities
'Those poor kids in elementary school now don't know what's hitting them,
But they sure will when they get a job and they start paying taxes."
Because
Stephen Harper signed treaties that no other Government would dare sign
One is called the
Canadians we are now “price takers”; if we want oil,
For the next 31 years
For comparison,
The average price of gasoline in the world for this period is
10.15 Chinese Renminbi .
Canadians want resources national, not provincial.
[NO]
We do not even have Free Trade in Canada
Remember the state oil company’s it was a very expensive lesson
That our government can’t run things
When you were a kid going to school their was always one kid in school
Their mother used to give them lunch money and a group of kids used to take it
From them then tell him they needed more money the next day
When you tried to get him to go to the teacher
He would always turn on you
[They are my friends ]
This is our Government they think this is the
Greatest deal in the history of Canada
This is why the Public Debt of Canada is approximate:
$629,572,079,450.28 CDN.
Donald J. Trump thinks this is
Donald J. Trump is 100% right this is the worst deal for Canada
Donald J. Trump is doing the exact same thing with NAFTA
The Oil Companies have been doing to Canada for years
Our Government gives everything away even our water
Then they sign treaties that no other countries would dare sign
Because the pipeline is now a National Security Issue
It’s in the national interest of Canada
To keep Canadians working
For a pipeline thinking if
Canada was to suddenly embark on a pipeline-building spree,
It would boost oil production by three times to Asia
Which would then boost the value of the dollar
Bring more money into Government Coffers
If this is true why does
Justin Trudeau’s Liberal government and the provinces also continue to give
Despite having pledged to phase them out.
The fiscal, investment and labour benefits of
Alberta’s oil and gas industry have also declined,
And it’s very unlikely they’ll bounce back to previous levels.
Non-renewable resource revenue, chiefly royalties and land leases,
Were 30 to 40 per cent of the provincial government’s revenue during
The oil sands boom between 2000 to 2011, but only 5.7 per cent in 2015-16.
In 2017, the oil sands supported and created more than 223,000
Direct and indirect jobs across Canada.
More than 30,000 oil and gas jobs simply don’t exist anymore.
The Canadian oil and gas industry now employs about 180,000 workers,
Which is only one per cent of Canada’s total jobs,
And almost 100,000 fewer jobs than
Canada’s environmental and clean technology industries.
[ The Chinese want their own workers ]
While royalty rates in Newfoundland are the highest in Canada,
In Alberta they have fallen from a 40 per cent high during the 1970s to
Companies like Chevron Canada paid almost three times as much to Nigeria
And almost seven times as much to Indonesia as it did to
Canadian, provincial and municipal governments.
Chevron used to run its Nigeria and Indonesia projects out of the U.S.,
Their operations were moved to Canada.
Suncor also paid six times more taxes to the UK, and
Canadian Natural Resources Limited (CNRL)
Paid almost four times more to Ivory Coast
Oil giants pay billions less tax in Canada than abroad
This is why
It's costing Canadians Billions and Billions of Dollars every year
China is the biggest investors in the Alberta oil sands
In Unprecedented Move, China Plans To Pay For Oil Imports
Plus
For marine safety reasons, 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.
That means a refiner in Asia would need to book and pay for four tankers
To ship the same amount as from the LOOP terminal,
Then wait longer for the full order to arrive.
That’s when shipbuilders in South Korea, China and Japan
Began constructing what has become a global fleet of about 750 VLCCs
(with 50 more ordered for 2018),
And the scrapping of Aframax class tankers began accelerating.
This in turn drove down the benchmark price for ocean oil shipping,
Triggered the LOOP terminal upgrade,
Effectively consigned oil terminals like those in Burnaby,
B.C. to minor league status,
And left oil deposits far from deep port tidewater at a
Significant cost disadvantage.
When the undeniably dirty content of
Alberta’s bitumen deposits is added into these
Negative cost equations, global oil players know when to cut and run
Compared to conventional heavy crude,
Bitumen contains 102 times more copper,
21 times more vanadium, 11 times more sulphur, 11 times more nickel,
Six times more nitrogen, and five times more lead,
According to the U.S. Geological Survey.
It also has a much lower ratio of hydrogen to carbon,
Which degrades combustion efficiency.
Total S.A., and Norwegian oil company Statoil have
Abandoned gargantuan bitumen deposits in western Canada and
Or taken billion-dollar write-downs, to the howls of shareholders.
For environmentalists and climate scientists, the chemical composition of
Alberta bitumen is cause for deep worry about toxic air emissions,
Potential spills into waterways and aquifers,
And further destabilizing the Earth’s precarious climate.
Together with First Nations,
They have vowed to fight long and hard for ecological reasons
GREENPEACE CANADA
How the tar sands are fueling the global climate crisis
Carbon pricing and low energy costs spell economic doom
For Alberta megaprojects.
The price of carbon across Canada will reach $50 per tonne in 2022,
Which economists consider a very conservative estimate of the
social and economic costs imposed on the world by carbon pollution.
A report published last week by the Parkland Institute looked at the effect
of a $50-per-tonne carbon price based on the proven oil and gas reserves
Using this low carbon price,
The cost associated with these reserves being combusted ($320 billion)
Out weighs not only the total assets and stock value of the big five
(about $250 and $190 billion, respectively),
But also Alberta’s entire economy (about $310 billion).
This all started when
Stephen Harper signed treaties with China
That no other countries would dare sign
Stephen Harper:
Stephen Harper sold
Everything he could sell
It's all because
Everything is a National Security Secret
The Canadian Government Secret treaties are massive giveaways of
Canadian resources and rights with no vote in Parliament.
The Government will not learn they do the exact same thing every time
NDP Premier John Horgan gave a
$6-billion a year tax break for LNG producers in BC
Over and above the
IMF Pegs Canada’s Fossil Fuel Subsidies at $34 Billion
Over and above the
IMF Pegs Canada’s Fossil Fuel Subsidies at $34 Billion
He made a super cheap deal with Asia
NDP Premier John Horgan had to give everything away
Now he has his own BC. Pipeline and a Brand New Terminal
He made the announcement
Thursday ahead of a final investment decision with Asia
Which would include a natural gas pipeline built from northeast B.C.
To a brand new terminal in Kitimat B.C.
British Columbia Premier John Horgan, said
It’s 100% ok for a B.C. pipeline to be built in northeast B.C.
It’s a 100% no for Alberta pipeline to be build across B.C. to Vancouver
This might cost Canadiens 20 Billion of Dollars or more
This all started when our Government saw Billions in Asian
Remember
Stephen Harper said foreign government-owned companies
Could only buy oil sands companies in
[The Exceptional Circumstances is Billions of Dollars]
Prime Minister Stephen Harper once vowed not to sell Canadian values to the
highest bidder and bestowed honorary Canadian citizenship on the Dalai Lama,
To China’s chagrin; lately he’s softened his stance.
In January, after the U.S. rejected the Keystone XL crude oil pipeline from the
Alberta oil sands to the U.S. Gulf,
Harper courted the Chinese more aggressively,
Visiting Beijing to discuss oil sales as part of a trade mission.
(With the vast majority of Canada’s crude oil going to the U.S.,
He’s said he’s keen to diversify.)
The controversial Northern Gateway pipeline,
If approved, will tap into the surging demand in Asia.
He then sold everything he could sell to China
Today
China is now the biggest investors in the Alberta oil sands
More than two-thirds or 71% of the ownership of oil sands production in
This is what’s pushing everything in
Would like to know why are
Foreign Chinese investors more important to our Government than Canadians
Because
Our Government has set its sights on becoming
The Government's goal was to establish
Vancouver as the first offshore settlement centre
For the Chinese currency renminbi — also known as RMB or yuan
Clark said the federal government will be instrumental by making the connection
Between the Bank of Canada and People’s Bank of China
Last fall, the B.C. Government also became
The first foreign government to issue bonds in the Chinese RMB market,
Canada’s banks have mastered the manipulation of clandestine back channels
That comes here on a 10-year visa can pull their money
Out of China to buy Homes and send their Children to school
Because you do not want Chinese people in your rich neighbours
They are the people that have to pay the
Foreign Buyers Housing Tax of 20%
Not the people that are
Trading and Profiting in Properties as Commodities
That is pushing everything in
Canada beyond the reach of Canadiens
Following unprecedented
The industry’s fastest-growing source of capital has stepped back.
Slow approval times for projects and prolonged delays in
Building major export pipelines
“Trans Mountain expansion”, to Vancouver BC
This makes the oil sands look much less attractive
From the perspective of potential Chinese investors.
Because it contains on average some
And results in a high ratio of low-grade Bunker C when refined.
As of 2020, according to industry reports,
U.S. refinery purchases of diluted bitumen for
Ship fuel will begin slowing to an eventual trickle,
Europe will buy none because it has the wrong refinery profile, and
Asian refiners will dedicate new refineries to produce
low-sulphur diesel for Ship fuel.
“Exactly which Asian countries or refiners have signed long-term contracts
To purchase more Alberta bitumen for decades to come”?.
“Exactly how much have they committed to pay per barrel delivered?”
Because over 71% of the ownership of oil sands production is foreign own
The National Energy Board didn’t ask,
The answer is no one knows.
Is it time to panic
Prime Minister Justin Trudeau sure did big time
He made
The Trans Mountain pipeline a National Security Issue so
The federal government approved the Trans Mountain Pipeline expansion
More than two-thirds or 71% of the ownership of oil sands production in
Canada is owned by foreign entities
Because the pipeline is now a National Security Issue
It’s in the national interest of Canada
The Oil Sands and Trans Mountain pipeline is now Canada’s National Secret
Justin Trudeau paid $4.5 billion to Kinder Morgan
For their proposed Trans Mountain expansion,
Five Kinder Morgan executives can cash out
The pipeline would triple the capacity of an existing pipeline running between
Canada’s tar sands in Alberta and the coast of British Columbia,
This will cost oil refinery jobs in Canada,
Which is where most employment in the oil industry exists.
Canada has been closing refineries for years now.
The pipeline will only accelerate this trend.
Maybe this why Trudeau did this ?
Why is Trudeau so desperate
In 2016, Stephen Harper Government began negotiating
A free trade agreement with China.
At the time, the Globe and Mail reported,
Canadian concessions on investment restrictions and a commitment to build an
Energy pipeline to the coast”.
So the logic to
Trudeau’s action may lie in an obscure and often overlooked agreement
That was signed by Stephen Harper it’s
[FIPA] is not a free trade agreement
But rather a bilateral agreement intended to
“Protect and promote” foreign investment
It was passed without a vote in Parliament.
[Fipa] which remains in place until 2045,
It was signed to ensure that China got a pipeline built
Among many other benefits.
Maybe this is why Trudeau had to buy
A pipeline to the coast that one wants
That will not raise bitumen prices,
Because of all global markets
Discount junk crude due to its poor quality.
“Oil price and supply evidence continues to clearly show there is
No economic case for the Trans Mountain expansion project.
The pipeline plus tanker toll to northeast Asia is over $8 US. Per barrel,
Since it costs more to ship bitumen to Asia
Canadian producers would actually receive less for their oil using
The Trans Mountain pipeline
The Oil Sands and Trans Mountain pipeline is
Canada’s National Secret and it’s still today
When Prime Minister Justin Trudeau was running for office
He said vote for me I’m going to stop the pipeline
Everyone in Canada believed him
Maybe he did not know about
[Fipa] or NAFTA
Maybe this is the reason why Justin Trudeau made
The Trans Mountain pipeline a National Security Issue
Now Trudeau will now have to live with the political fallout,
In what might be a strategy to avoid lawsuits from Chinese companies
That may result in massive secret payouts,
The truth is
If the pipeline is such a good deal and is so important to China
China being the biggest investors in the Alberta oil sands
Why didn’t the Chinese buy the pipeline
They had [ Fipa ] which remains in place until 2045,
It was signed to ensure that China got a pipeline built
Or maybe because the original route is 65 years old
It’s 20 year’s over it’s prime
it’s 1150 km long and the pipeline leaks badly
Trudeau’s government will spend C$4.5bn (US$3.45bn)
To purchase
Kinder Morgan’s Trans Mountain pipeline.
Then they have to spend another 6 billion at lease to build the pipeline
Because of the government's plan to include indemnity payments to any
Future buyer to compensate for delays caused by court procedures,
Unresolved federal, B.C. jurisdiction questions and unforeseen events."
“Trudeau is gambling billions of Canadian taxpayer dollars
On an oil project that they say will never be built – a project that
Kinder Morgan itself has indicated the pipeline is ‘untenable’
They tried everything for 6 years to get the money to build it and they failed
Kinder Morgan made more money selling the pipeline to Canada
It estimates the company will make a 637-per-cent gain on the $4.5-billion sale.
Prime Minister Justin Trudeau
Now faces more than a dozen lawsuits, crumbling economics,
And a growing resistance movement that is spreading around the world,
Like David Hughes, a former federal government energy researcher,
Concluded that Canada does not need the Kinder Morgan project
For Prime Minister Justin Trudeau
It’s mentally ill to try to build a pipeline in Canada
There wasn’t a kilometre of pipe built in Canada
That’s the record. That’s the reality. said
Natural Resources Minister Jim Carr, Feb. 3, 2015.
Canada has to build a new pipeline
Kinder Morgan to restart construction on
Or
Is this a strategy to avoid lawsuits from the
Chinese companies and Kinder Morgan
Maybe this is another reason for the buyout
If the pipeline isn’t built on terms Kinder Morgan likes,
“the Houston-based company could go on the offensive
To try to recoup billions of dollars.
Kinder Morgan would likely use NAFTA,
Chapter 11 of the agreement allows foreign companies to
they have investments and believe a government action
Is unfair and discriminatory,”
We have the perfect chance, thanks to Donald J. Trump.
Obviously, it’s time to get the heck out of NAFTA!”
Why Because
[NAFTA is killing Canada]
Just look at this deal with Kinder Morgan plus
We sold everything to China to get away from the USA.
Maybe you will find that
Donald J. Trump wants out of NAFTA to
It’s a huge pipeline for China into the USA through Canada
If the Kinder Morgan’s Trans Mountain pipeline is not build
Canada could face lawsuits from Chinese companies and Kinder Morgan
If the Kinder Morgan’s Trans Mountain pipeline. is build by Kinder Morgan
We would face a lawsuit from Kinder Morgan
Either way it will cost billions of Canadian taxpayer dollars
Today if we are really-really lucky it will only cost
20 billion dollars to build a new pipeline and
Because the old pipeline leaks it will have to be fixed
Experts now say the timeline for the pipeline’s completion
Could be pushed back by as much two more years,
With over 1,000 permits unresolved,
hearings yet to be conducted.
China being the biggest investors in the Alberta oil sands
This means the Chinese oil companies can Sue Canada
Canada-China Foreign Investment Promotion and Protection Agreement
That was signed by Stephen Harper
The details of the agreement were kept secret
Until the deal was tabled in
Parliament on Sept. 26. after it was the law
Several countries have already faced stiff punishment under such treaties
Under heavy scrutiny from opposition parties and critics alike
No one wanted this deal
Stephen Harper would have signed anything the Chinese gave him
He knew China was fast becoming the World’s No. 1 Economy?
Canada could make Billions dealing with the Chinese
Now every Canadian will pay for it for years to come
This is why it has been shrouded in secrecy,
And nobody will talk about it even today
This agreement states
Chinese companies investing heavily in Canadian energy
Will be able to seek billions in
Compensation if their projects are hampered by provincial laws on issues
Such as environmental concerns or First Nations rights, for example.
Because “this very powerful arbitration process operates outside of the
Canadian legal system and Canadian courts.”
Canada will never know it’s being sued until the bill is given to them
China being the biggest investors in the Alberta oil sands
This means China can get back all its investment in the Alberta oil sands
Canadians can lose Billions
Canada will still be locked in to [ Fipa ] until 2045
Our oil will be Shipped to China for a Very Cheap Price until 2045
Because
All global markets discount junk crude due to its poor quality.
There is less room for Canadian crude in American refineries,
Which are running at a 13-year high of more than 90 per cent of capacity,
“The average price differential in 2018 based on the first quarter
Was US$26.30 per barrel
Since it costs more to ship bitumen to Asia
The pipeline plus tanker toll to northeast Asia is over US $8 per barrel,
Canadian producers would actually receive less for their oil
Using Trans Mountain,
Maybe this is why
Our Government signed anything the Chinese gave them
Because
Canada has sets it sights on becoming Asia’s financial hub in the West
The Governments goal is to establish
Vancouver as the first offshore settlement centre
For the Chinese currency renminbi — also known as RMB or yuan
Clark said the federal government will be instrumental by making the connection
Between the Bank of Canada and People’s Bank of China
Last fall, the B.C. Government also became
The first foreign government to issue bonds into the Chinese RMB market,
Issuing a one-year-term bond that raised about $428 million Canadian.
Canada’s banks have mastered the manipulation of clandestine back channels
Around China’s currency control regulations for the Chinese people
Thanks to Prime Minister Justin Trudeau
The Chinese are Happy today
China can now pull out 3 times more oil out of Alberta
Nexen Energy announces $400-million expansion of its
Oil sands project in Alberta
Kinder Morgan just made 4.5 Billion
Alberta Premier Rachel Notley is Canada’s biggest winner
Today
She got her pipeline and jobs
The Trans Mountain pipeline is a National Security Issue
Everything now is a National Security Secret so
Canadian Prime Minister Justin Trudeau
And Alberta Premier Rachel Notley
Will be voted in again
British Columbia Premier John Horgan the man
Who has vowed to use every possible means to
Thwart a Kinder Morgan Inc. pipeline expansion,
The British Columbia Premier John Horgan said his government
Is trying to protect the province, not be provocative,
Over a proposed ban on an increase of
Diluted bitumen shipped from the west coast.
Today
Premier John Horgan is a very Happy man
He now has his own BC. Pipeline
He made the announcement
Thursday ahead of a final investment decision with Asia
On LNG Canada’s $40-billion project,
Which would include a natural gas pipeline built from northeast B.C.
To a brand new terminal in Kitimat B.C.
British Columbia Premier John Horgan, said
It’s 100% ok for a B.C. pipeline to be built in northeast B.C.
It's a 100% no for Alberta pipeline to be build across B.C. to Vancouver
Remember
British Columbia Premier John Horgan,
Has vowed to use every possible means to
Thwart a Kinder Morgan Inc. pipeline expansion,
It still is a no go for Alberta pipeline to be build across B.C. to Vancouver
This pipeline might cost Canadiens 20 Billion of Dollars or more
This pipeline may never be build
Now you know why
Every Country wants a free trade agreement with Canada only
Through legally-binding rights and obligations.
Everyone wants this because
“this is a very powerful arbitration process operates outside of the
Canadian legal system and Canadian courts.”
All this because
Stephen Harper said foreign government-owned companies
Could only buy oil sands companies in
“exceptional circumstances.
[The Exceptional Circumstances is Billions of Dollars]
Then he sold everything he could to China
Then he made a commitment to build an
Energy pipeline to the coast on top of selling the oil
This will cost Canadiens at least 20 Billions Dollars
This money comes from you not from China
To Day
China is the biggest investors in the Alberta oil sands
More than two-thirds or 71% of the ownership of oil sands production in
Canada is owned by foreign entities
There’s no deals when it comes to gas for Canadiens
The price of gas at the pumps will only raise
For comparison, the average price of gasoline in the world for this period is
10.15 Chinese Renminbi .
Canadians you do not own anything
Because
The Canadian Government Secret treaties are massive giveaways of
Canadian resources and rights with no vote in Parliament.
Our Canadian Prime Ministers
Have sold everything that can be sold
For 30 pieces of Silver
Maybe this is why you can Kiss Affordable Housing and Rents Goodbye Forever
This is how much you get
Would you like to know
• Companies with foreign headquarters
Statoil: 99.83 per cent foreign ownership
Mocal Energy: 99.33 per cent foreign ownership
Murphy Oil: 99.23 per cent foreign ownership
Royal Dutch Shell: 98.49 per cent foreign ownership
Devon Energy: 98.44 per cent foreign ownership
ConocoPhillips: 97.83 per cent foreign ownership
• Companies with Canadian headquarters
Petrobank Energy Resources: 94.8 per cent foreign ownership
Husky Energy: 90.9 per cent foreign ownership
MEG Energy: 89.1 per cent foreign ownership
Imperial Oil: 88.9 per cent foreign ownership
Nexen: 69.9 per cent foreign ownership
Canadian Natural Resources Limited: 58.8 per cent foreign ownership
Suncor Energy: 56.8 per cent foreign ownership
Canadian Oil Sands: 56.8 per cent foreign ownership
Cenovus: 54.7 per cent foreign ownership
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