Why 2020 Could Be A Crisis Year For Canadian oil
Alberta’s History of Squandered Opportunities
We had 100 years of Alberta oil
Economic cheerleading by federal and provincial politicians and the mainstream media on behalf of the oil industry is doing the public a great disservice
We have to stop Lying
It’s time to tell the truth
Because
Canada has the highest debt levels in the developed world.
Canada should be one of the Richest Nations in the World
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
The vast majority comes from you and your personal income taxes.
The Canadian Taxpayers Federation has found that
This is the first time in the history of Canada that a
Prime Minister has lied and worked so hard to
Make other Countries Richer, and Canadians Poorer
The World is laughing at us
The World Thinks what
The Canadian Government calls good business makes
China and Russia Look Good
Trudeau is a laughingstock amongst World Leaders.
He's just a puppet to Foreign Investors
He arrives in foreign nations preaching climate change,
Your Children, Children will be
Crying because they will have to pay for this
Trudeau government is pushing an agenda that is designed to hurt our nation.
“This is why the rest of the world is laughing at us,”
Liberals apologize after hiding $183K in contracts awarded to environmental group
The Pembina Institute is an anti-oil institute that is doing the dirty work of the
Federal Government at arm's length and the taxpayers are duped into paying for their dirty work.
It was set up by the Tides Foundation to try and block
Alberta oil from reaching tidewater and
Toronto Sun Feb 25, 2020
Alberta's oil sands has the third largest oil reserves in the world, after Venezuela and Saudi Arabia.
Alberta’s History of Squandered Opportunities
We had 100 years of Alberta oil
Economic cheerleading by federal and provincial politicians and the mainstream media on behalf of the oil industry is doing the public a great disservice
We have to stop Lying
It’s time to tell the truth
Because
Canada has the highest debt levels in the developed world.
This is no secret.
Canada is the world leader in debt.
Canada is #1
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
The vast majority comes from you and your personal income taxes.
The Canadian Taxpayers Federation has found that
This is the first time in the history of Canada that a
Prime Minister has lied and worked so hard to
Make other Countries Richer, and Canadians Poorer
The World is laughing at us
The World Thinks what
The Canadian Government calls good business makes
China and Russia Look Good
Trudeau is a laughingstock amongst World Leaders.
He's just a puppet to Foreign Investors
He arrives in foreign nations preaching climate change,
Gender equality, progressive trade, diversity and inclusion.
Some governments are politer than others in telling him to hit the road and mind his own business.
He is not an emissary for the United Nations and does not speak for most Canadians.
Twice now Canada has voted in a Trudeau
Every time Canada votes in a Trudeau
Everyone in Canada Cries
Everyone in Canada Cries
This time
Crying because they will have to pay for this
Trudeau government is pushing an agenda that is designed to hurt our nation.
Trudeau’s energy policies
Foreign countries win and Canada loses.
Liberals apologize after hiding $183K in contracts awarded to environmental group
The Pembina Institute is an anti-oil institute that is doing the dirty work of the
Federal Government at arm's length and the taxpayers are duped into paying for their dirty work.
It was set up by the Tides Foundation to try and block
Alberta oil from reaching tidewater and
Here we have the Liberal Government funding them as well and lying about the funding and all
Liberals do is apologize after hiding $183K in contracts awarded to the environmental group.
Alberta's oil sands has the third largest oil reserves in the world, after Venezuela and Saudi Arabia.
Alberta's oil sands’ proven reserves equal about
165.4 billion barrels (bbl).
Economist Robyn Allan told DeSmog Canada.
96% of Canada’s oil exports go to the U.S.
‘Essentially we are giving oil away for free’
Yet we’re spending billions each year on importing oil.
This is why our Resource-Rich Canadian Government is Always Poor
This is what Prime Minister Justin Trudeau
Is trying to sell Canadians
The pipeline to Asia is Trudeau's biggest lie
For Canadians this was a Climate Crisis Election,
More than 63% of voters supported parties with substantial climate change platforms.
For the people of Alberta, Saskatchewan,
They voted for the
Trans Mountain Pipeline
The one that Prime Minister Justin Trudeau
Promise to Asian markets
Declaring the Trans Mountain pipeline is a matter of national interest
The Trans Mountain pipeline is essential for Canada’s future.
Most Canadian Voters and
Canadian oil producers want is a
Pipeline to Asia
Because
Canadian oil is held ransom to a single,
Monopsony buyer in the U.S.
At a huge discounted price;
Essentially we are giving oil away for free’
Today you can thank
Prime Minister Justin Trudeau
It's the 15 billion dollar Backdoor to Washington State
This will 100% guaranteed that
Adding hundreds of highly-paid refinery jobs in the state.
With an eventual capacity of 890,000 barrels per day,
U.S. refineries could pocket $7.8 billion US per year adding
No value to Canadian crude
Albertans aren’t told that
More than two-thirds or 71% of the ownership of Oil Sands production in
It was passed without a vote in Parliament.
Canada calls Stephen Harper:
The remainder of the Keystone XL pipeline
This has to end or Canada will be the next Venezuela
The Trans Mountain pipeline it never had anything to do with
U.S-.based refineries with
No value added in Canada.
Kinder Morgan’s Trans Mountain Pipeline
Obama administration halted construction on
Arguing approval would compromise America’s effort to reduce its greenhouse gas emissions.
Because
Canada has one of the World’s
Lowest oil royalty rate structures .”
The royalties could amount to merely 1 per Cent
“Canada is kind of a tax haven for Oil companies.”
Canada represents billions of dollars in potential revenue lost,
Alberta’s oil and gas companies have figured out how to pull off
“bankruptcy-for-profit”— and it’s
The Biggest scheme of the century.
Industry manipulates the current system.
It's Bankruptcy in Canada and Incredibly Profitable in USA
Canada allows big players to continue to scam the system,
Alberta is losing billions every year
Just to Fight “Air Barrels”
As Prices Continue To Plunge
Is building two more pipelines south
The Keystone XL pipeline and
The Trans Mountain pipeline
Thanks to
Prime Minister Justin Trudeau
This will 100% guaranteed that
“Virtually no exports go to any markets other than the U.S.,”
Economist Robyn Allan told DeSmog Canada.
96% of Canada’s oil exports go to the U.S.
Most of it at a very steep discount.
‘Essentially we are giving oil away for free’
Plus
Canada subsidized the fossil fuel industry to the tune of almost $60 billion per year— approximately $1,650 per Canadian.
“Oil Companies in Canada will point to the jobs
They are creating rather than acknowledge they could be sharing more of their profits,
Which mostly goes to shareholders who are not even in this country,”
Alberta oil Jobs are backsliding
The Cleanup bill is greater than the
Value of the entire oil and gas industry
It's $260 billion
$200 billion more than has been publicly reported.
Canada does not have the money so
Your Children, Children will be
It's Bankruptcy in Canada and Incredibly Profitable in USA
Why aren’t companies shipping crude to Asian now?
Because
Alberta oil processed by a coking refinery was much more profitable than other types of oil in the world
Up to $45 US per barrel
At Puget Sound refineries: $24 per barrel,
Compared to $10 per barrel for Bakken oil and
$6 per barrel for Alaska oil.
And they will do anything to keep it that way
Economist Robyn Allan told DeSmog Canada.
96% of Canada’s oil exports go to the U.S.
‘Essentially we are giving oil away for free’
Yet we’re spending billions each year on importing oil.
This is why our Resource-Rich Canadian Government is Always Poor
This is what Prime Minister Justin Trudeau
Is trying to sell Canadians
The pipeline to Asia is Trudeau's biggest lie
“Canada is truly divided now,”
This election divided Alberta and Saskatchewan into Conservative majorities
For Canadians this was a Climate Crisis Election,
More than 63% of voters supported parties with substantial climate change platforms.
For the people of Alberta, Saskatchewan,
They voted for the
Trans Mountain Pipeline
The one that Prime Minister Justin Trudeau
Promise to Asian markets
Declaring the Trans Mountain pipeline is a matter of national interest
The Trans Mountain pipeline is essential for Canada’s future.
Most Canadian Voters and
Canadian oil producers want is a
Pipeline to Asia
Because
Canadian oil is held ransom to a single,
Monopsony buyer in the U.S.
At a huge discounted price;
Essentially we are giving oil away for free’
Today you can thank
Prime Minister Justin Trudeau
This is why the world thinks
Trudeau he's just a puppet to Foreign Investors
This is what Canadians are really getting
This is what Canadians are really getting
It's the 15 billion dollar Backdoor to Washington State
This will 100% guaranteed that
“Virtually no exports go to any markets other than the U.S.,”
It's Bankruptcy in Canada and Incredibly Profitable in USA
Plus
Alberta's Energy Regulator estimate the cost to clean up
Alberta's oil and gas industry may be $260 billion
That your children will have to pay for,
Trans Mountain Deal Was Structured to Bleed Billions from Canada
Today the majority of product now moved through the
Trans Mountain’s Puget Sound Pipeline:
It's Bankruptcy in Canada and Incredibly Profitable in USA
Plus
Alberta's Energy Regulator estimate the cost to clean up
Alberta's oil and gas industry may be $260 billion
Alberta is sweeping this problem under Water
Trans Mountain Deal Was Structured to Bleed Billions from Canada
Today the majority of product now moved through the
Trans Mountain pipeline ends up in Washington hands.”
Washington refineries buying Alberta bitumen have some of The largest profit margins in the world
BC.Gasoline and Diesel Prices Inquiry said
The Trans Mountain pipeline it never had anything to do with
The Trans Mountain pipeline it never had anything to do with
Asian markets
The Trans Mountain pipeline has everything to do with enriching U.S-.based refineries with
No value added in Canada.
This is what Trudeau's Government calls good business
And this is why Trudeau is so proud
Trudeau goal is to get the Cheapest
Oil as Cheap as possible out of Canada as
Fast and as Cheap as possible
Prime Minister Justin Trudeau
Is building the Keystone XL pipeline and
The Trans Mountain pipeline
This 100% Guarantees that every drop of
Canadian oil will be held ransom to a single,
Monopsony buyer in the U.S.
At a huge discounted price;
To guarantee that U.S-.based Refineries
Will take every drop of Oil
Trans Mountain pipeline was intentionally understated.
“It now guarantees a huge subsidy to shippers
Through reduce toll rates,”
This is why the
Trans Mountain Deal Was Structured to Bleed Billions from Canada
They also get
When Ottawa purchased Trans Mountain it bought shares rather than assets,
The Canada Energy Regulator
(formerly the National Energy Board),
The regulator, known as the CER, set the rates for
And Canada is paying for it
Trans Mountain will create massive potential profits for Washington State Refineries
The Trans Mountain pipeline has everything to do with enriching U.S-.based refineries with
No value added in Canada.
This is what Trudeau's Government calls good business
And this is why Trudeau is so proud
Trudeau goal is to get the Cheapest
Oil as Cheap as possible out of Canada as
Fast and as Cheap as possible
To U.S-.based refineries
That's exactly what he is doing
This is why
Prime Minister Justin Trudeau
Is building the Keystone XL pipeline and
The Trans Mountain pipeline
This 100% Guarantees that every drop of
Canadian oil will be held ransom to a single,
Monopsony buyer in the U.S.
At a huge discounted price;
To guarantee that U.S-.based Refineries
Will take every drop of Oil
Trans Mountain pipeline was intentionally understated.
“It now guarantees a huge subsidy to shippers
Through reduce toll rates,”
This is why the
Trans Mountain Deal Was Structured to Bleed Billions from Canada
They also get
Federal and provincial subsidies
tax breaks, royalty reductions and infrastructure credits
to the oil and gas industry total $3.3 billion a year.
“Trans Mountain was a profitable pipeline system when Ottawa bought it,”
The Trans Mountain pipeline lost $75 million in the first nine months of 2019.
Why?
“Because Finance Minister Bill Morneau failed to ensure that
To cover the cost of buying it,”
Trans Mountain received $320M in government subsidies in first half 2019
Ottawa has no idea how much the expansion will cost.
The Trans Mountain pipeline lost $75 million in the first nine months of 2019.
Why?
“Because Finance Minister Bill Morneau failed to ensure that
The toll settlement agreement between
Trans Mountain and its shippers resulted in toll rates high enough
Trans Mountain received $320M in government subsidies in first half 2019
Ottawa has no idea how much the expansion will cost.
The proposed expansion to triple the pipeline’s capacity will add to the losses as taxpayers subsidize both construction and the fees companies pay to ship oil.
Put all the costs together and the purchase of
The Trans Mountain pipeline has probably cost taxpayers
$8 billion in subsidies to oil and gas companies through unjustifiably low pipeline tolls.
Canadian taxpayers are now paying
$1 billion for the Ocean Protection Plan.
Put all the costs together and the purchase of
The Trans Mountain pipeline has probably cost taxpayers
$8 billion in subsidies to oil and gas companies through unjustifiably low pipeline tolls.
Canadian taxpayers are now paying
$1 billion for the Ocean Protection Plan.
When 96% of Canada’s oil exports go to the U.S.
By Pipeline and Rail
(Even though no credible technology for cleaning up ocean oil spills exists.)
Plus
Alberta's Energy Regulator estimate the cost to clean up
Alberta's oil and gas industry may be $260 billion.
That your children will have to pay for
It's how to beat the tax man and everyone in Canada
Prime Minister, Justin Trudeau,
Tax favour that cut billions in value
By Pipeline and Rail
(Even though no credible technology for cleaning up ocean oil spills exists.)
Plus
Alberta's Energy Regulator estimate the cost to clean up
Alberta's oil and gas industry may be $260 billion.
That your children will have to pay for
It's how to beat the tax man and everyone in Canada
Prime Minister, Justin Trudeau,
Tax favour that cut billions in value
When Ottawa purchased Trans Mountain it bought shares rather than assets,
Which Allan says benefited the indebted Texas firm.
“Buying shares rather than assets reduced the taxes
Kinder Morgan was required to pay on the sale,”
she reported.
But more importantly the decision
“guaranteed a huge subsidy to shippers through reduced toll rates,”
According to Allan’s reading of the regulatory documents,
The tolls that the CER approved are based on a valuation of the
Trans Mountain assets at $1 billion.
Yet Ottawa paid $3 billion for the existing pipeline and $1.5 billion for the expansion plans.
If the government had bought assets instead of shares,
the full $3 billion would have been considered by the CER in setting tolls,
Resulting in higher rates for shippers.
Allan found the decision means that shippers will pay $2 billion less per year in tolls over the next three years
at the expense of Canadian taxpayers.
The loss will rise to $3.4 billion per year over the next five years, she warns.
Pipelines make money by charging customers tolls.
(formerly the National Energy Board),
Yet another federal agency, sets the rates.
Trans Mountain for the next three years in 2019.
Here’s the catch.
Rates are set based on pipelines’ operating costs and the asset value of the pipeline and related facilities, with the aim of ensuring a fair return for the owners
(and fair rates for the companies that ship oil or gas).
Allan found that by purchasing shares instead of assets,
Prime Minister, Justin Trudeau, and
The federal government ensured the asset value of the
Trans Mountain pipeline was intentionally understated.
That meant lower future tolls, she reports,
Prime Minister, Justin Trudeau, and
The federal government ensured the asset value of the
Trans Mountain pipeline was intentionally understated.
That meant lower future tolls, she reports,
“This Is a gift to refiners in Washington State"
The Trans Mountain pipeline is now a
$7.8 billion dollar US per year Goldmine
For Washington State
Trans Mountain will create massive potential profits for Washington State Refineries
Adding hundreds of highly-paid refinery jobs in the state.
With an eventual capacity of 890,000 barrels per day,
U.S. refineries could pocket $7.8 billion US per year adding
No value to Canadian crude
Albertans aren’t told that
More than two-thirds or 71% of the ownership of Oil Sands production in
This all started when
Stephen Harper signed treaties with China
That no other countries would dare sign
“Protect and promote” foreign investment
[Fipa] which remains in place until 2045,
It was signed to ensure that China got a pipeline built
Among many other benefits.
Canada calls Stephen Harper:
Stephen Harper sold
Everything he could sell
They now call him Chairman Harper
It's all because
Obama administration halted construction on
In Canada
When 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 is why the rest of the world thinks
Canadians are dumb and dumber
Oil by far the most important source of revenue for fossil fuel companies in Canada
When the Keystone XL pipeline and
The Trans Mountain pipeline is finish
Most of the benefits go to
The Trans Mountain pipeline it never had anything to do with
Asian markets
It has everything to do with enriching
No value added in Canada.
Prime Minister Justin Trudeau
Spend C$4.5bn (US$3.45bn) Plus
To purchase
The existing 300,000 barrel per day pipeline
Because
Canada lost the Keystone XL pipeline South
In 2015, on the eve of the international climate talks in Paris,
The remainder of the Keystone XL pipeline
A 800,000 barrels a day pipeline of crude to
Terminals on the Gulf Coast.
Arguing approval would compromise America’s effort to reduce its greenhouse gas emissions.
Saying the $8-billion project would boost
American energy and create jobs.
A presidential permit is needed because the project crosses a U.S. border.
Donald Trump issues new permit for Keystone pipeline
Why is our Resource-Rich Canadian Government Always Poor
Because
Canada has one of the World’s
Lowest oil royalty rate structures .”
“Canada is kind of a tax haven for Oil companies.”
The low rate that oil companies pay in
Alberta’s oil and gas companies have figured out how to pull off
“bankruptcy-for-profit”— and it’s
The Biggest scheme of the century.
Industry manipulates the current system.
It's Bankruptcy in Canada and Incredibly Profitable in USA
Canada allows big players to continue to scam the system,
Alberta is losing billions every year
Just to Fight “Air Barrels”
As Prices Continue To Plunge
The government estimates Alberta is losing
$80 million a day due to this discount,
Alberta will never be able to stop “Air Barrels”
Prime Minister Justin Trudeau
The Keystone XL pipeline and
The Trans Mountain pipeline
Thanks to
Prime Minister Justin Trudeau
This will 100% guaranteed that
“Virtually no exports go to any markets other than the U.S.,”
Economist Robyn Allan told DeSmog Canada.
96% of Canada’s oil exports go to the U.S.
Most of it at a very steep discount.
‘Essentially we are giving oil away for free’
Plus
Canada subsidized the fossil fuel industry to the tune of almost $60 billion per year— approximately $1,650 per Canadian.
“Oil Companies in Canada will point to the jobs
They are creating rather than acknowledge they could be sharing more of their profits,
Which mostly goes to shareholders who are not even in this country,”
Alberta oil Jobs are backsliding
Last year, the oil patch shed 14 per cent more of its workforce.
It's only 6 percent of the provincial total now.
Alberta employs about 140,000 people in the oil and gas sector
The most obvious is the blowout in employment growth in the U.S. mining/oil and gas sector at 14.9 per cent since January 2017.
Not true in Canada, where employment has fallen by 3.2 per cent
It cost Canada over 6 million barrels of oil a year
Alberta's oil patch?
It's only 6 percent of the provincial total now.
Alberta employs about 140,000 people in the oil and gas sector
The most obvious is the blowout in employment growth in the U.S. mining/oil and gas sector at 14.9 per cent since January 2017.
Not true in Canada, where employment has fallen by 3.2 per cent
It cost Canada over 6 million barrels of oil a year
To keep one person working
When the pipelines are build it will cost
Canada 5 times or more
Just to keep one person working Alberta's oil patch?
The Cleanup bill is greater than the
Value of the entire oil and gas industry
It's $260 billion
$200 billion more than has been publicly reported.
Canada does not have the money so
Your Children, Children will be
Crying because they will have to pay for this
National Geographic said
This is the world's most destructive oil operation and It's growing
When the Keystone XL pipeline and
The Trans Mountain pipeline is finish
It's Guaranteed to be
Oil companies just plan to pour water on it
The Supreme Court of Canada says
Owners must deal with old oil wells so
The governing Alberta NDP and the official Opposition
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.
This is why
Alberta policy unique in North America.
This is the world's most destructive oil operation and It's growing
When the Keystone XL pipeline and
The Trans Mountain pipeline is finish
It's Guaranteed to be
The most environmentally destructive Oil operation
In the history of manOil companies just plan to pour water on it
The Supreme Court of Canada says
Owners must deal with old oil wells so
The governing Alberta NDP and the official Opposition
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.
This is why
Alberta policy unique in North America.
Companies have no deadlines to clean up abandoned wells.
Oil sands waste is collected in sprawling toxic ponds.
Because they now have over 70 years to
Figure out how to clean up their tailings and reclaim the land.
Oil companies plan to pour water on them
This is making Canada the laughing stock of the world
Because
What they are doing
It's all because Canada does not have the
$260 billion to clean up Alberta’s oil patch
Alberta is sweeping the problem under
Water for the next 100 years
DIRTY OIL:
Bank of Canada listed climate change as a threat to the Canadian economy
Alberta’s total emissions,
And by that measure the province is doing terribly.
Its oil sands alone did more damage to the climate last year than the entire economy of B.C.
And Alberta’s per capita carbon emissions of 62.4 tonnes dwarf those of
The U.S. (15.53 tonnes) or even Saudi Arabia (16.85 tonnes).
This is why
Canada was just ranked 51st out of 60 countries in the
2018 Climate Change Performance Index
Why is the Trans Mountain pipeline so valuable to
DIRTY OIL:
Bank of Canada listed climate change as a threat to the Canadian economy
Alberta’s total emissions,
And by that measure the province is doing terribly.
Its oil sands alone did more damage to the climate last year than the entire economy of B.C.
And Alberta’s per capita carbon emissions of 62.4 tonnes dwarf those of
The U.S. (15.53 tonnes) or even Saudi Arabia (16.85 tonnes).
This is why
Canada was just ranked 51st out of 60 countries in the
2018 Climate Change Performance Index
Why is the Trans Mountain pipeline so valuable to
Prime Minister Justin Trudeau
When no other private investors would stepped up to take on the risk after 6 years of Looking:
Because Canada purchased
The Puget Sound Pipeline as part of the $4.5 billion deal for the existing Trans Mountain line meaning the decision to expand the spur line will fall on Ottawa.
Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954
According to data from the National Energy Board, an average of 295,600 barrels of oil per day was transported on the Trans Mountain pipeline in March 2018, the most recent month of reporting.
U.S. west coast refineries are the most profitable in the world
Due to a relatively captive market and lack of competition
Alberta oil processed by a coking refinery is much more
Profitable than other types of oil in the world
Up to $45 US per barrel
$6 per barrel for Alaska oil.
Using the more conservative crack spread of $24 per barrel
Trans Mountain will create massive potential profits for west coast refiners.
Adding hundreds of highly-paid refinery jobs in the state.
With an eventual capacity of 890,000 barrels per day,
U.S. refineries could pocket $7.8 billion US per year adding
No value to Canadian crude
Not surprisingly,
Vancouver also has some of the highest retail gasoline prices in North America.”
British Columbia's Debt
Kinder Morgan
Backdoor pipeline to Washington State
Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954
The Trans Mountain pipeline has a southern leg
called Puget Sound Pipeline
Which splits off at Kinder Morgan’s Sumas Terminal in Abbotsford, B.C. and delivers tar sands to several refineries in Washington State,
Including the Ferndale Refinery (owned by Phillips 66),
The Cherry Point Refinery (owned by BP),
The Andeavor Anacortes Refinery
(now owned by Marathon Petroleum),
The Shell Anacortes Refinery (owned by Shell Oil).
The Puget Sound Pipeline currently has a capacity of 170,000 barrels per day (bpd), but in the documents filed for its IPO in May 2017,
Located within Port Metro Vancouver the marine terminal is capable of accommodating ships up to Aframax-size
“The reality is those Aframax boats are not great for international shipping,”
The truth is
The Puget Sound Pipeline as part of the $4.5 billion deal for the existing Trans Mountain line meaning the decision to expand the spur line will fall on Ottawa.
Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954
According to data from the National Energy Board, an average of 295,600 barrels of oil per day was transported on the Trans Mountain pipeline in March 2018, the most recent month of reporting.
About 62 per cent of the oil went to Washington State via the Puget Sound Pipeline.
Another 21 per cent went to the Westridge terminal,
While the remaining 17 per cent was transported to Burnaby for distribution, refining or storage.
The Burnaby refinery, recently sold to Parkland Fuel by Chevron, has long complained about lack of supply because most of the oil is designated for exports.
While the remaining 17 per cent was transported to Burnaby for distribution, refining or storage.
The Burnaby refinery, recently sold to Parkland Fuel by Chevron, has long complained about lack of supply because most of the oil is designated for exports.
Washington State’s Department of Ecology reported that between January and June 2018, an average of 163,500 barrels per day of oil was transported from Alberta via the Puget Sound Pipeline.
All of the oil that made it to Westridge was “domestic heavy,” or diluted raw bitumen from Alberta.
That’s opposed to “domestic light,” which includes conventional oil and bitumen upgraded into high-quality synthetic crude — and is primarily shipped to Washington refineries via the Puget Sound Pipeline.
Some diluted bitumen also arrives at Washington refineries by tanker or barge from Westridge, with more shipped to California.
Some oil is also transported from Alberta to Washington by rail.
In 2017 the state also shipped in 4,092,715
Barrels of product using Alberta oil trains.
Between January and June 2018, 1.55 million tonnes of crude oil
In 2017 the state also shipped in 4,092,715
Barrels of product using Alberta oil trains.
Between January and June 2018, 1.55 million tonnes of crude oil
(the Port of Vancouver measures oil in tonnes rather than barrels)
was shipped from Westridge on tankers and barges.
Of that, 92 per cent went to the United States
While 4.8 per cent went to South Korea in April
And three per cent went to China in May).
This is an overall increase from previous years.
For comparison, only 1.77 million tonnes of crude oil was shipped out of Westridge in all of 2017.
Gov. Inslee, who is co-chair of the U.S. Climate Alliance
Washington State Governor Jay Inslee endorsed
B.C.’s push to block construction of the federally approved
Trans Mountain pipeline expansion.
Why is he up here
Because Canada purchased
Their $7.8 billion US per year Goldmine
The Puget Sound Pipeline as part of the $4.5 billion deal for the existing Trans Mountain line meaning the decision to expand the spur line will fall on Ottawa.
And Canada Pay for it Trans Mountain pipeline expansion.
Why is he up here
Because Canada purchased
Their $7.8 billion US per year Goldmine
The Puget Sound Pipeline as part of the $4.5 billion deal for the existing Trans Mountain line meaning the decision to expand the spur line will fall on Ottawa.
Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954
Refineries in Puget Sound will do anything to continue to get all of the
Refineries in Puget Sound will do anything to continue to get all of the
Cheapest crude they can get their hands on.
Sending it by pipeline from the oil sands directly to the refinery
It's the easiest and the cheapest way to get crude here.
Sending it by pipeline from the oil sands directly to the refinery
It's the easiest and the cheapest way to get crude here.
U.S. west coast refineries are the most profitable in the world
Due to a relatively captive market and lack of competition
Alberta oil processed by a coking refinery is much more
Profitable than other types of oil in the world
Up to $45 US per barrel
At Puget Sound refineries: $24 per barrel,
Compared to $10 per barrel for Bakken oil and
Using the more conservative crack spread of $24 per barrel
Trans Mountain will create massive potential profits for west coast refiners.
Adding hundreds of highly-paid refinery jobs in the state.
With an eventual capacity of 890,000 barrels per day,
U.S. refineries could pocket $7.8 billion US per year adding
No value to Canadian crude
Not surprisingly,
British Columbia's Debt
Kinder Morgan
Backdoor pipeline to Washington State
Trans Mountain’s Puget Sound Pipeline: Shipping Products to Washington State Refineries Since 1954
called Puget Sound Pipeline
Which splits off at Kinder Morgan’s Sumas Terminal in Abbotsford, B.C. and delivers tar sands to several refineries in Washington State,
Including the Ferndale Refinery (owned by Phillips 66),
The Cherry Point Refinery (owned by BP),
The Andeavor Anacortes Refinery
(now owned by Marathon Petroleum),
The Shell Anacortes Refinery (owned by Shell Oil).
The Puget Sound Pipeline currently has a capacity of 170,000 barrels per day (bpd), but in the documents filed for its IPO in May 2017,
Kinder Morgan indicated that they want to significantly increase that amount, according to
Sven Biggs of Stand. Earth's Bellingham, Washington office.
This has been the plan all along,
But there’s also speculation that Puget Sound could become an export terminal of its own.
In a widely published June 3 op-ed for Postmedia newspapers,
Thomas Gunton
a former B.C. Deputy Minister of Environment
Kinder Morgan’s Trans Mountain pipeline and build its expansion project.
But instead of urging that the Trudeau government stop this controversial purchase,
This would avoid tanker exports from Vancouver,
The Westridge terminal in Burnaby has serious depth restrictions that limit loading to Aframax-size tankers,
through Georgia Straight,
And allow for the phasing out of the higher risk aging pipeline.”
This suggested “redesign” to benefit
Washington’s major refineries may have been the plan all along, or at least since
November 15, 2016 when Gunton’s former boss
B.C.’s former premier Mike Harcourt
Suggested that Kinder Morgan and the federal Liberals “consider an alternate route”
To avoid Kinder Morgan’s Westridge Terminal in Burnaby.
Even before Trudeau had given federal approval to
This has been the plan all along,
But there’s also speculation that Puget Sound could become an export terminal of its own.
In a widely published June 3 op-ed for Postmedia newspapers,
Thomas Gunton
a former B.C. Deputy Minister of Environment
decimated the Trudeau Liberals’ decision to buy
But instead of urging that the Trudeau government stop this controversial purchase,
Gunton stated this:
“Ironically,
Their purchase of the pipeline may provide them with
one last chance for changing course
If they insist on building TMX they could appoint a multi-stakeholder task force including
“Ironically,
Their purchase of the pipeline may provide them with
one last chance for changing course
If they insist on building TMX they could appoint a multi-stakeholder task force including
First Nations to consider redesigning the project to reduce its worst impacts by scaling down the size of the expansion and directing increased shipments to refineries in Washington State.
The Westridge terminal in Burnaby has serious depth restrictions that limit loading to Aframax-size tankers,
which can only be partially filled with about 500,000 barrels.
Comparatively, BP’s Cherry Point terminal in
Washington State’s
Whatcom County can receive Very Large Crude Carriers (VLCC), with tankers docking in late 2017
Carrying 900,000 barrels
Almost double the capacity of Westridge.
Reduce the number of Alaskan tankers
through Georgia Straight,
And allow for the phasing out of the higher risk aging pipeline.”
This suggested “redesign” to benefit
Washington’s major refineries may have been the plan all along, or at least since
November 15, 2016 when Gunton’s former boss
B.C.’s former premier Mike Harcourt
Suggested that Kinder Morgan and the federal Liberals “consider an alternate route”
To avoid Kinder Morgan’s Westridge Terminal in Burnaby.
Even before Trudeau had given federal approval to
Kinder Morgan’s expansion project,
Harcourt was here urging that the tarsands diluted bitumen (dilbit) be shipped
“to either Deltaport or just across the B.C.
Washington state border to the Cherry Point refinery”
in order to avoid “insurrection” in B.C.“The reality is those Aframax boats are not great for international shipping,”
The truth is
The Port of Vancouver can’t even physically fit
The size of tanker required to economically compete
The Trans Mountain pipeline it never had anything to do with
Asian markets
Economist Robyn Allan told DeSmog Canada.
The size of tanker required to economically compete
With other shippers of oil to Asia.
It cost 4 to 8 times more to ship oil from Vancouver to Asia
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, So the pending Trans Mountain pipeline plan to triple oil sands exports,
And increase oil tanker traffic under the
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
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.
Oil Tankers In Canadian Waters
The Truth is
BC.Gasoline and Diesel Prices Inquiry said
Oil Tankers In Canadian Waters
The Truth is
BC.Gasoline and Diesel Prices Inquiry said
The Trans Mountain pipeline it never had anything to do with
Asian markets
Economist Robyn Allan told DeSmog Canada.
“Virtually no exports go to any markets other than the U.S.,”
96% of Canada’s oil exports go to the U.S
Most of it at a very steep discount.
‘Essentially we are giving oil away for free’
96% of Canada’s oil exports go to the U.S
Most of it at a very steep discount.
‘Essentially we are giving oil away for free’
It's Bankruptcy in Canada and Incredibly Profitable in USA
Why aren’t companies shipping crude to Asian now?
Because
Alberta oil processed by a coking refinery was much more profitable than other types of oil in the world
Up to $45 US per barrel
At Puget Sound refineries: $24 per barrel,
Compared to $10 per barrel for Bakken oil and
$6 per barrel for Alaska oil.
This is why the Trans Mountain pipeline is so valuable to the U.S.
And they will do anything to keep it that way
If this does not end Canada will be the next Venezuela
Alberta is a oil state, with all its advantages,
Nor is blaming the federal government
(in power for just over one term) for the lack of pipelines.
Royalties have declined from roughly 30 per cent in Lougheed’s time
To close to one per cent in the last few years; and yet the
Big Five
(Suncor, CNRL, Cenovus, Imperial and Husky)
Canada is now Number ONE in the world for Subsidies
Canada subsidized the fossil fuel industry to the tune of almost $60 billion per year— approximately $1,650 per Canadian.
Canada has one of the World’s lowest oil royalty rate structures .”
With a $260 billion bill to clean up Alberta’s oil patch
Our nation has an employed population of 18.4 million,
Meaning the average working person would have
Alberta’s special relationship with the oil industry.
We have to stop the blame game;
Alberta's plight is our own doing
Our nation has an employed population of 18.4 million,
Meaning the average working person would have
To pony up $14,000 to pay for
We have to stop the blame game;
Alberta's plight is our own doing
How many booms and busts does it take for a
Conservative government, in power for 44 years,
To acknowledge they have failed to both recognize the need for alternate markets for our oil
Now we are building
The Keystone XL pipeline and
Essentially we are giving oil away for free
This is why Canada will be the next Venezuela
To acknowledge they have failed to both recognize the need for alternate markets for our oil
Now we are building
The Keystone XL pipeline and
The Trans Mountain pipeline
to the south
This is why Canada will be the next Venezuela
It's time to recognize that
Alberta is a oil state, with all its advantages,
entitlements, hubris and decades of quid pro quo
between the oil industry and the people in power
For 44 years
The Conservative government has been
Neglecting Alberta’s long-term well-being
between the oil industry and the people in power
For 44 years
The Conservative government has been
Neglecting Alberta’s long-term well-being
Nor is blaming the federal government
(in power for just over one term) for the lack of pipelines.
Royalties have declined from roughly 30 per cent in Lougheed’s time
To close to one per cent in the last few years; and yet the
Big Five
(Suncor, CNRL, Cenovus, Imperial and Husky)
continue to post billions in profits.
Plus
Plus
Canada is now Number ONE in the world for Subsidies
Canada subsidized the fossil fuel industry to the tune of almost $60 billion per year— approximately $1,650 per Canadian.
Canada has one of the World’s lowest oil royalty rate structures .”
It's Jobs over the Environment
Alberta oil Jobs are backsliding
Only 6 percent of the provincial total now.
In 2017, approximately 140,300 people were employed in Alberta’s upstream energy sector.
Source: Statistics Canada, Survey of Employment, Payrolls and Hours.
Last year, the oil patch shed 14 per cent of its workforce.
An oil drillers' industry group predicts more than 13,700 job losses between 2018 and 2020.

For Canadians this was a Climate Crisis Election,
Alberta’s total emissions,
And by that measure the province is doing terribly.
Its oil sands alone did more damage to the climate last year than the entire economy of B.C.,
And Alberta’s per capita carbon emissions of 62.4 tonnes dwarf those of
The U.S. (15.53 tonnes) or even Saudi Arabia (16.85 tonnes).
This is why
Canada was just ranked 51st out of 60 countries in the
2018 Climate Change Performance Index
Election Shows Canadians Aren't Joking About
Wanting Real Action On Climate Change
More than 63% of voters supported parties with substantial climate change platforms.
“Canada is truly divided now,”
For Alberta, Saskatchewan, it was 100% Pipeline
The election divided Alberta and Saskatchewan into Conservative majorities
Conservative's economic plan based on
Oil and the Tar Sands
The Conservative caucus grew from 95 to 121 thanks mainly to gains in B.C.,
For Alberta, Saskatchewan, it was 100% Pipeline
The election divided Alberta and Saskatchewan into Conservative majorities
Conservative's economic plan based on
Oil and the Tar Sands
The Conservative caucus grew from 95 to 121 thanks mainly to gains in B.C.,
Alberta, Saskatchewan, and New Brunswick.
But Andrew Scheer and his party lost support in the riding-rich Greater Toronto Area, and more widely across Ontario and Quebec.
Andrew Scheer: Big Oil's secret weapon
Asked about concerns over Trans Mountain pipeline's future due to minority govt,
Alberta Premier Jason Kenney says if the prime minister means what he said on election night about listening to the people of Alberta & Sask.,
The clearest way is to commit to pipeline's completion
The Kenney war room is another blatant political ploy against both climate science and free speech; ironically,
It is partially funded by oil companies.
Canadian producers want pipelines simply so they can capture the discount they currently lose on Canadian oil because their access is right now limited to only one export customer, the U.S.
The truth is
The Trans Mountain pipeline will only make Canadian producers problem worst
But Andrew Scheer and his party lost support in the riding-rich Greater Toronto Area, and more widely across Ontario and Quebec.
Andrew Scheer: Big Oil's secret weapon
Asked about concerns over Trans Mountain pipeline's future due to minority govt,
Alberta Premier Jason Kenney says if the prime minister means what he said on election night about listening to the people of Alberta & Sask.,
The clearest way is to commit to pipeline's completion
The Kenney war room is another blatant political ploy against both climate science and free speech; ironically,
It is partially funded by oil companies.
Canadian producers want pipelines simply so they can capture the discount they currently lose on Canadian oil because their access is right now limited to only one export customer, the U.S.
The truth is
The Trans Mountain pipeline will only make Canadian producers problem worst
It would follow the existing secondary route from Sumas, B.C. into Washington state,
Taking Alberta oil to the three existing refineries in Cherry Point and Anacortes, Wash.
Canadian oil would still be held ransom to a single, monopsony buyer in the U.S. at a discounted price;
It will cost Canadians $10 to $15 billion to get the
Oil to the
Three U.S. refineries with no value added in Canada.
The campaign against Alberta oil is more about
American economic interests than protecting the environment.
“About $90 million over the last 10 years
Has gone towards various efforts to restrict oil and gas development and export
In an effort to land-lock Alberta oil so it cannot reach overseas markets,
Yet, it has also struck many of us as an odd thing that,
for the most part, those who are most vocally against one ship a day serving
Canadian interests happen to be the branch-plant operations of powerful
American environmental organizations.
Those groups, and the various billionaire foundations, seem to believe they know better than Canadians do about what Canada's economic future should look like.
Thanks to
Prime Minister Justin Trudeau
They now have
Canadian interests happen to be the branch-plant operations of powerful
American environmental organizations.
Those groups, and the various billionaire foundations, seem to believe they know better than Canadians do about what Canada's economic future should look like.
Thanks to
Prime Minister Justin Trudeau
They now have
The Keystone XL pipeline and
The Trans Mountain pipeline
This will 100% guaranteed that
“Virtually no exports go to any markets other than the U.S.,”
The truth is
The Kenney war room it is partially funded by foreign oil companies.
BC.Gasoline and Diesel Prices Inquiry said
The Trans Mountain pipeline it had nothing to do with
Asian markets
Trans Mountain pipeline
It has everything to do with enriching
U.S-.based refineries with no value added in Canada.
That is exactly what they are doing
It's Bankruptcy in Canada and Incredibly Profitable in USA
Asian markets
Trans Mountain pipeline
It has everything to do with enriching
U.S-.based refineries with no value added in Canada.
That is exactly what they are doing
It's Bankruptcy in Canada and Incredibly Profitable in USA
“The Big Five”
Were performing relatively well
"incredibly profitable corporations,"
$13.5 billion last year.
“bankruptcy-for-profit”— and it’s
Prime Minister Justin Trudeau
Said the pipeline will be expanded
However, the Liberals still need to find $10 to $15 billion to build the pipeline.
It will create 2,500 temporary construction jobs over two years with 90 permanent jobs.
But instead of ending at the Vancouver terminus,
It would follow the existing secondary route from Sumas, B.C. into Washington state,
Taking Alberta oil to the aforementioned three existing refineries in
Cherry Point and Anacortes, Wash.
Why
For marine safety reasons,
Cherry Point and Anacortes, Wash.
Why
For marine safety reasons,
Of diluted bitumen amid concerns about spills.'
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
Where would that leave Canadian interests?
Whatever risk there is to the Pacific Coast would simply be moved 60 miles south and put under American control;
Whatever economic and environmental benefits
Canadian oil would still be held ransom to a single,
Monopsony buyer in the U.S. at a discounted price;
This will cost Canadians Billions
Whatever risk there is to the Pacific Coast would simply be moved 60 miles south and put under American control;
Whatever economic and environmental benefits
Canadians might have enjoyed would be lost
Every planned drop of oil will still be produced;
Monopsony buyer in the U.S. at a discounted price;
This will cost Canadians Billions
Those refineries are currently supplied by oil shipped down from the Alaska North Slope fields by boats that regularly transit B.C. waters.
Production from that field is expected to decline by more than 150,000 barrels per day between now and 2026.
Oil tankers have been departing the Westridge marine terminal in Vancouver weekly since 1956.
Additionally, bulk tankers come from Alaska, down the west coast of Vancouver Island, through the Juan de Fuca strait, past Victoria and into oil refineries in
Cherry Point and Anacortes in Washington state

Kinder Morgan pipeline and you’re left with a deal that makes no business sense to Canadians .
(The pipeline is 67 years old.)
Without so much as a basic cost-benefit analysis,
Spend C$4.5bn (US$3.45bn) Plus
To purchase
Kinder Morgan’s Trans Mountain Pipeline
The existing 300,000 barrel per day pipeline
$5 billion loan to support the government’s controversial purchase and operation of the
Trans Mountain pipeline a 67-year-old infrastructure
30 to 64 years
According to Kinder Morgan’s financial statements.
$1 billion,
It's all because Obama administration halted construction on
The remainder of the Keystone XL pipeline
A 800,000 barrels a day pipeline of crude to
Terminals on the Gulf Coast.
Arguing approval would compromise America’s effort to reduce its greenhouse gas emissions.
that the pipeline was essential for Canada’s future.
The Pipeline has everything to do with enriching
U.S-.based refineries with no value added in Canada.
“Virtually no exports go to any markets other than the U.S.,”
This Pipeline will only make Canada's problem worst
Oil will only go South to
U.S. refineries with no value added in Canada.
This is why
Alberta
The Five Big Canadian Companies
Together they now control almost
80 per cent of bitumen production
British Columbia
Control approximately 90 per cent of the
Market in Southern B.C.
Therefore, the wholesale gasoline and diesel market is an oligopoly.”
These companies control all 15 primary storage terminals in the province “and, along with
Federated Co-op Limited, control all the Bulk Terminals.
(Bulk terminals handle smaller volumes of fuel supplied by truck.)
The companies’ dominance makes it effectively impossible for competitors to enter the market, the report found.
“This oligopolistic wholesale market has the characteristics of a natural monopoly,”
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
The vast majority comes from you and your personal income taxes.
This is why our Resource-Rich Canadian Government is Always Poor
This is why our Resource-Rich Canadian Government is Always Poor
Today Canada is just teetering on the boundary
Today our Current Outstanding Public Debt of Canada is approximate:
697,735,366,381.26 CDN.
Believe it or not
Alberta
That the province tied royalty rates to the volatile price of oil.
Today Alberta
Will be $67 billion of debt by the time the
Alberta is on pace to be $96 billion in debt by 2024
This is a dramatics change in fortunes for a province
That celebrated being debt free 20 years earlier
Alberta: spending more than we really earn, since 1970
Moody's downgrades Alberta's credit rating,
Citing continued dependence on oil
You know, until we can wean ourselves off of royalty revenues to fund government operations,
On Friday, unions were told to expect thousands of public sector job cuts.
PLUS
Moody's downgrades Alberta's credit rating,
Citing continued dependence on oil
You know, until we can wean ourselves off of royalty revenues to fund government operations,
On Friday, unions were told to expect thousands of public sector job cuts.
PLUS
Canada Buys back the oil at Full Market Price
The Alberta government collected more
That it did in royalties from oil companies
Canada is now Number ONE in the world for Subsidies
In 2015, Barry Rogers of Edmonton-based Rogers Oil and Gas Consulting
Warned the government that low royalties for bitumen simply encouraged
U.S. refineries with no value added in Canada.
That is exactly what they are doing
It's Bankruptcy in Canada and Incredibly Profitable in USA
The growing discount has cost Alberta’s provincial treasury dearly
Canada’s non-renewable energy resources
Calgary Oil and Gas Execs want to keep it that way this is
Why
Canada oligopolistic wholesale market has the characteristics of a natural monopoly
Because of "Air Barrels"
Alberta is losing billions every year
To Fight “Air Barrels”
The government estimates Alberta is losing
$80 million a day due to this discount,
Alberta will never be able to stop “Air Barrels”
Instead of fixing the problems
Plus
“The Big Five”
Were performing relatively well
"incredibly profitable corporations,"
$13.5 billion last year.
It's Jobs over the Environment
For decades, the oil industry denied climate science or that global warming was caused by burning fossil fuels.
but are doing everything possible behind the scenes to ensure no action is taken, according to InfluenceMap. and everyone in Canada
This “soft” climate denialism appears to have been embraced by Scheer and the Tories.
Anyone close to industry knows the
Western Sedimentary Basin is virtually empty and conventional companies have been losing money since 2009,
Transferring low-producing wells to junior companies,
With growing numbers taking what they can and walking away
from clean-up obligations;
Again, our governments continue to turn a blind eye to the contractual clean-up obligations of the oil industry.
Government and its so-called “arms-length” regulators
(specifically the Alberta Energy Regulator)
have been captured by the industry and the
Orphan Well Association (OWA), largely controlled by the industry,
is now lost in a sea of insolvencies, begging for public money.
Ironically, this lack of foresight, integrity and political will have contributed to distrust and loss of confidence from investors.
Every Man,Woman and Child will be Stuck
With a $260 billion bill to clean up Alberta’s oil patch
Anyone close to industry knows the
Western Sedimentary Basin is virtually empty and conventional companies have been losing money since 2009,
Transferring low-producing wells to junior companies,
With growing numbers taking what they can and walking away
from clean-up obligations;
Again, our governments continue to turn a blind eye to the contractual clean-up obligations of the oil industry.
Government and its so-called “arms-length” regulators
(specifically the Alberta Energy Regulator)
have been captured by the industry and the
Orphan Well Association (OWA), largely controlled by the industry,
is now lost in a sea of insolvencies, begging for public money.
Ironically, this lack of foresight, integrity and political will have contributed to distrust and loss of confidence from investors.
Every Man,Woman and Child will be Stuck
With a $260 billion bill to clean up Alberta’s oil patch
The Alberta Tar Sands have been dubbed the largest
Industrial project in human history
Oil sands Tailing Ponds Ticking Time Bomb for Canadians
Crazy Days in Alberta:
The Poison Wells File
The Cleanup bill is greater than the value
Crazy Days in Alberta:
The Poison Wells File
The Cleanup bill is greater than the value
‘Hidden danger’:

Owners must deal with old oil wells so
The governing Alberta NDP and the official Opposition
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
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
60 years of oil extraction.
Canada's most shameful environmental secret
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,
Oil and gas companies can receive certificates for site clean up
With the click of a button,
Canada was just ranked 51st out of 60 countries in the
Weighed down in large part by a certain oily elephant north of Edmonton.
“That’s catastrophic levels of change in a short period of time.”
This is making Canada the laughing stock of the world
This is not normal':
Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.
Today it will cost you to clean up
Alberta's oil patch? $260 billion
$200 billion more than has been publicly reported.
In 100 years only $1.2 billion has been invested in Clean up
Value of the entire oil and gas industry
“Canada wants to be a climate champion and"
Canada does not have the money to clean up the oil fields so
Canada is sweeping the problem under Water
Because there is shockingly poor regulatory oversight and lack of ambition on
Tailings management progress in Alberta,
Tailings Ponds are Worse Than Ever
This is the world's most destructive oil operation
Alberta policy unique in North America.
Companies have no deadlines to clean up abandoned wells.
Oil sands waste is collected in sprawling toxic ponds.
To clean them up, oil companies plan to pour water on them
and renowned freshwater scientist and officer of the
Order of Canada.
Two Alberta courts previously ruled that private creditors of bankrupt
Redwater Energy Corp.
Were first in line for liquidated assets,
Ahead of its obligation to pay for environmental cleanup.
This is the problem of taxpayers and Landowners.
The oil and gas companies aren’t setting aside the money to clean up
Their own Mess
Guess who is going to pay for it?
You guessed it: The rest of us so
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.
“monetary and financial stability.”
To achieve that goal,
A nation’s own central bank interest-free
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.
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 Government and the Oil industry has good reason to be alarmed.