Monday, 27 August 2018

INFORMATION ABOUT CANADIAN OIL


NDP Premier John Horgan
The man has vowed to use every possible means to
Thwart a Kinder Morgan Inc. pipeline expansion 


The Fatal Flaw of Kinder Morgan’s Trans Mountain Pipeline 

Canadians you can fight over the pipeline or whatever you want 

 The Port of Vancouver can’t even physically fit 

The size of tanker required to economically compete 

With other shippers of oil to Asia.

Canadian producers already have the ability to ship their heavy oil to

Asia via the existing 300,000 barrel per day 

 Prime Minister Justin Trudeau brought the

Trans Mountain Pipeline to ship oil to Asia 

 The Truth is they’re not shipping Oil to Asia.

“There’s no appetite in Asia for heavy oil,” 

In 2017, the Port of Vancouver only shipped 
600 barrels of oil to China. 
That’s less than a tanker load.

Economist Robyn Allan told DeSmog Canada. 


“Virtually no exports go to any markets other than the U.S.,” 


Port of Vancouver


 The B.C. government proposed limiting any increase in shipments 

Of diluted bitumen amid concerns about spills.'

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.

They can carry two million barrels at a time

Plus ULCCs are the largest tankers in the world and 

They carry up to 4 million barrels of oil.

It cost 4 to 8 times more to ship oil from Vancouver to Asia

Refiner in Asia would have to book and pay for four to eight tankers

To ship the same amount as from the LOOP terminal,

Then wait longer for the full order to arrive.

Oil is a cutthroat competition among global oil producers, 

Refiners, shippers, and speculators,

In which nickels per barrel of oil delivered are fought over fiercely.


Vancouver will never be one of those ports. 

No VLCC or ULCCs will ever arrive to offload foreign oil, 

Then upload Alberta bitumen for a backhaul trip to foreign refineries.

So the pending Trans Mountain pipeline plan to triple oil sands exports, 

And increase oil tanker traffic under the Lions Gate Bridge up to seven-fold, 

Is doomed.

 So is the plan to expand oil sands output by 40 per cent. 

No amount of cheerleading, or demonizing, 

Or pixie dust will change the raw laws of global oil economics.
NDP Premier John Horgan
 Is going to proceed with Site C dam, total cost raised to $10.7B
Site C dam is unlikely to be on time or on budget:
It does not matter to the NDP Government
 Site C dam is being build to keep the Unions working

 After they turn against the NDP and
Christy Clark won the election 
In the last election the unions still did not come back

The NDP had to make a deal with the Green party 

This time the Unions have jobs and
This time the NDP will have the votes

This did not work the last time they were in but we'll see this time


Mega-Fracking Brings Big Jump in Industry Water Use
Site C Dam [ELEC.] will now go to LNG producers in BC.

NDP Premier John Horgan gave Asia a super cheap deal 
Plus he will repeal the Project Development Agreement.

NDP Premier John Horgan had to give everything away to get 
His own BC. Pipeline and a Brand New Terminal

The truth is

Alberta needs all BC. Natural Gas 

Our Natural Gas will now go to Asia 

Alberta will have to buy Natural Gas from USA.
He was so proud of this he could not wait
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 to build a pipeline across B.C. to Vancouver
This might cost Canadiens 20 Billion Dollars or more
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.




It’s time politicians level with British Columbians about LNG

Living the Pipe Dream: Basing BC’s Economy on Bubble Economics

Our Government will not learn they do the exact same thing every time

This is one reason why

Canada is starting to look like the next Argentina


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

IMF Pegs Canada’s Fossil Fuel Subsidies at $34 Billion

Fossil fuels subsidised by $10m a minute, says IMF 


P
etroleum Subsidies is now 40 + Billion per Year 


The total petroleum subsidies in Canada in 2011 was $20.23 billion 


More than 20 times the annual budget of Environment Canada. 

The current population of Canada is 37,043,982 as of Thursday, October 11, 2018, 


Canada Population (LIVE)


Today

Every Man.Woman and Child in Canada pays over 40 Billion Dollars 

To the Energy Sector per year


Plus Canadians are paying some of the highest gas prices in the world

While Canada slashes budgets for research, education and public broadcasting,



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:


$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

There is one part of our economy that enjoys remarkable support from the 

Canadian taxpayer the energy sector


This Makes Canada Number One in the World

The International Monetary Fund estimates that energy subsidies in Canada

Top an incredible $34 billion each year in direct support 

To producers and uncollected tax on externalized costs making 

Canada the largest provider of government support for oil and gas production

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, 

Many Canadians accept the situation as normal, 

Something that can't be changed. 

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 

Because Canada's oil is 71% owned by Foreign Entities

 Most of the benefits go to Foreign Entities and big businesses 

Plus

As if to drive the point home, 


912.500.000 barrels per year 


The Canadian oil and gas industry now employs about 180,000 workers,


 It costs Canadians 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


All this oil goes to Foreign Entities and Big Businesses 

The Canadian budget makes it abundantly clear where its revenues come from

And It's not from Canada's natural resources 






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



Kinder Morgan initially told the National Energy Board in 

2013 the expansion would create 2,500 temporary construction jobs over 


 Even that number is high, with several jobs already held by people who work on the existing pipeline.

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,”


851px version of Oil-CCPA.jpgAlberta 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 

 The Government debt goes up so high

When the pipe line gets build it will pump out three times more oil

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 

For far less than any other Country in the World

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.


Plus


Justin Trudeau’s Liberal government and the provinces also continue to give




$34 billion is obviously a lot of money. 


What could Canada do with an extra $34 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. 
Light rail transport (LRT) is about one-quarter of the cost of subways, 
Meaning for the same money we could build about
 560 kilometres of at-grade transit infrastructure.
This foregone revenue in less than two years could fully fund the 
Big Move transit plan for southern Ontario, 
Providing affordable access for 80 per cent of people living from 
Hamilton to Oshawa. 
Toronto’s transit system has languished for decades. 
This sorely needed infrastructure would save the average household
 thousands in wasted time sitting in traffic, 
And Canada’s economy billions in reduced congestion costs.


The proposed Vancouver subway line to the University of British Columbia 
Could be built using less than two months of the subsidies provided every day to the energy sector.
 Forty kilometres of rapid transit in Surrey could be had for about the same amount.
What about green energy infrastructure? 
Adding solar and wind capacity provides some of the best job-generation per dollar of any option available -- 
More than seven times the employment from an equivalent investment 

In oil and gas extraction.
 Extrapolating the findings from a 2012 report on green jobs,
 $34 billion could create 500,000 person years of employment and 
Install more than 150,000 megawatts of clean generating capacity. 
Canada currently ranks 12th in the G20 on green energy investment and 
Has been steadily falling behind our competitors.
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. 

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”



These some of the largest current subsidies to the fossil fuel industry in Canada.

Subsidy nameWho gives it?Who gets it?How much is it worth?*
Canadian Development ExpenseCanadaOil and gas companies$1,018 million
Canadian Exploration ExpenseCanadaOil and gas companies$148 million
Crown Royalty ReductionsAlbertaOil and gas companies$1,161 million
Deep Drilling CreditBritish ColumbiaGas companies$271 million
Atlantic Investment Tax Credit**CanadaOil and gas companies$127 million
Other subsidiesFederal and provincialOil and gas companies$589 million
Total$3,314 million
Justin Trudeau’s purchase of the









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


Today

Alberta’s Oil Patch isn’t an Emergency now 

Because we have over 70 years to Clean it Up

What would it cost you to clean up Alberta’s oil patch? $260 billion


They have been granted until after 2100 to

Figure out how to clean up their tailings and reclaim the land.

BC.NDP. Premier John Horgan
Has vowed to use every possible means to
Thwart a Kinder Morgan Inc. pipeline expansion,
After the Federal Court quashes the Trans Mountain Pipeline,
Rachel Notley pulls out of national climate plan
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.
Today
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.
Province-wide there are
150,000 abandoned or inactive wells,
Many of which date back 40 years.
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.
What would it cost you to clean up Alberta’s oil patch? $260 billion today
The looming, multibillion-dollar cost of cleaning up
The governing Alberta NDP and official Opposition told the provincial legislature
Tuesday
That the Alberta’s oil patch isn’t an emergency,
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.



Province-wide there are


Many of which date back 40 years.

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.




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.

This helps explain why, in the recent past, oil giants such as

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

Of those big five oil sands producers.

Using this low carbon price, 

The cost associated with these reserves being combusted ($320 billion)

Outweighs 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.



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

Around China’s currency control regulations for the Chinese people

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.

Add the high cost of oil sands production compared to U.S. shale producers,

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.

[The Chinese want their workers]

So what’s going on why ?


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

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


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.

” How? “

Kinder Morgan would likely use NAFTA,

 Chapter 11 of the agreement allows foreign companies to

File compensation claims in countries

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,

No determined basic route and as many as

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



China has agreed to lend Russian oil companies $25 billion

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NDP Premier John Horgan The man has vowed to use every possible means to Thwart a Kinder Morgan Inc. pipeline expansion  The Fatal ...