Showing posts with label PetroChina. Show all posts
Showing posts with label PetroChina. Show all posts

Sunday, September 14, 2014

Clampetts clownshow distracts from FIPA


Gosh, was it only five years ago that Alberta Energy spokesman Tim Markle said "Chinese takeover is good news for Alberta", even as Harper was blowing off the Kyoto Accord, supposedly due to China's crappy environmental record, and pledging to build a monument to victims of communism? 

Beginning Oct 1 for the next 31 years until 2045, under the Canada-China Foreign Investment Promotion and Protection Agreement Harper just ratified on Friday, Chinese corporations will be able to directly sue the Canadian government for any public interest measures that interfere with their ability to make a profit in Canada. 

Do you think China-owned Nexen, Sinopec, and PetroChina just might consider Enbridge's Northern Gateway Pipeline to be somewhat integral to getting their $30B investment in the tarsands home to China for refining?  
Think Steve can count on Christy Clark to ensure no BC environmental protection laws might harm China's assets?
Think it's an accident Steve released this news on a Friday during the Ford brothers' Clampett Dynasty pitch?

Two years ago in Vladivostok, Harper announced his signing of the FIPA deal with China. MP Don Davies introduced a motion in the House to not ratify it. His motion failed. All the Libs and Cons voted against his motion not to ratify FIPA, including 24 Con MPs from Alberta and 19 from BC.  
You can contact those quislings through this HoC page showing that vote.

NDP Petition : Stop FIPA Now     
Green Party Petition : Stand Up to the Sellout to China          
LeadNow Petition : Stop the Secretive, Reckless & Binding Canada-China FIPA


Council of Canadians : Harper government sneaks through Canada-China FIPA despite ongoing court challenge

The Tyee : FIPA 'is the price China demanded to open its purse strings for investing in the resource sector in Canada.' and 

Harper's Sneaky, Undemocratic, Terrible Deal with China 

Sunday, January 08, 2012

Steve frets about foreign influence on Enbridge pipeline

"Stephen Harper is warning about the possibility that hearings into Enbridge's Northern Gateway pipeline will be "hijacked" by foreign interests. The Prime Minister is threatening to prevent foreign environmental interests from delaying the approval of a pipeline that would take bitumen from the Alberta oil sands to the West Coast for shipment to Asian markets."
Ok then, let's have a look at some of those 'foreign interests' which have applied for intervenor status at the Enbridge hearings due to start in two days, courtesy of the National Energy Board's  Regulatory Document Index:
Enbridge Northern Gateway Project Joint Review Process 
Registration for Intervenor Status
  • DAEWOOD INTERNATIONAL AMERICA CORP,  Anaheim, California 
  • BP CANADA, subsidiary of BP (formerly British Petroleum) of Gulf Oil disaster fame
  • EXXON MOBIL OIL,  Fairfax, Virginia 
  • SINOCANADA PETROLEUM, Sinopec, China

"Ten companies have contributed $10 million each to help Enbridge finance the regulatory approval process, Enbridge spokesman Paul Stanway said in October.  
China Petroleum & Chemical Corp. also known as Sinopec, was previously the only company that had publicly stated its participation."
G&M : Oil giants back Gateway pipe :
"Gateway’s financial backers include Chinese state-owned energy company Sinopec. Market sources have said they believe China National Petroleum Corp. also holds an interest in Gateway. Sinochem Group, another Chinese energy firm, is also believed to support Gateway."

According to StatsCan in October last year, much of our tarsands is already "hijacked by foreign interests".

Oil and gas extraction and support activities - 2009 
  • Assets - 35.9% under foreign control
  • Operating revenues - 51.1% under foreign control 
  • Operating profits : 41.3% under foreign control
"American-controlled enterprises continued to dominate the shares of assets, revenues and profits under foreign-control. These enterprises increased their share of both revenues and profits to 59.1% and 58.3% respectively." 
"In the oil and gas extraction industry, foreign-controlled enterprises increased their share of revenues to 51.1%. This occurred as revenues declined nearly twice as fast in 2009 for domestic enterprises as they did for foreign enterprises."
I thought this was kinda cute from Ethical Oil's Kathryn Marshall though :
Canadians have much at stake in the construction of the pipeline and “must take a stand against foreigners and their lobbying groups interfering in our decision.”
Okey dokey then. Really looking forward to her defence of China as a foreign 'ethical oil' majority financial backer of the pipeline.

Friday, August 20, 2010

No science, please, we're the tar sands

Remember that two year Environment Committee study on the tarsands that was ultimately shredded because the four parties at the table couldn't agree on the wording of the witnesses' testimony? The Lib members of that committee have now released their own report on the testimony and as Andrew Nikiforuk reports at The Tyee, it is "scathing".
~ Athabasca River is being polluted
~12 barrels of freshwater required to produce one barrel of crude
~world's largest man-made dams contain 170 square kilometres of toxic mining waste and they're leaking
~steam plants could affect aquifers over an area the size of Florida, using 3½ to 6 barrels of groundwater to extract one barrel of bitumen
Most alarming is the report's contention that science-based policy has been replaced by "bureaucratic compromise", with the federal government entirely abrogatiing its responsibility to monitor and protect our water supplies. The Alberta government just flat out refused to appear before the committee at all.

You're shocked I'm sure.

Wait. Did I say our water supplies?
A year ago Alberta Energy spokesman Tim Markle said : "The Chinese takeover is good news for Alberta."

He was referring to tarsands in northern Alberta being developed by the Chinese state investment fund in partnership with Calgary-based Penn West Energy Trust. China National Petroleum Company obtained 11 oilsands leases and the Chinese Offshore Oil Corporation invested $150 million in Calgary-based Meg Energy. Sinopec has bought into Syncrude. PetroChina, also state-owned, holds a 60% majority stake in two oilsands projects, and has also signed a memorandum with Enbridge to take up to half the space on its proposed Northern Gateway Pipeline from Alberta to the port of Kitimat in BC.

In comments under Nikiforuk's Tyee article, commenter Ed Deak weighs in :
The opposition can jump up and down, they won't get anywhere, because they're attacking the effects and not the causes.
Attacking other political parties, this is also true for BC, and anywhere on Earth, is a waste of time, because politicians are nothing more than pimp/executioners of and for the criminal neoclassical market economic economic theory, being taught in our universities as a "science", that's destroying the Earth and humanity.
Unless our politicians will one day get enough gumption together to attack the causes
they're part of the problem, regardless of the hot air they're blowing.
The tar sands crime wave is part of the "growth" and the "GDP", without any deductions for damages and no politician would dare to question it, as it would bring panic to the almighty stockmarkets.
Then, when the Chinese bring back the money we're paying them for killing our manufacturing infrastructure, praised by economists and the WTO, to buy the country up from under our feet with our own money, it is called "wealth creating foreign investment" that helps to pay for the billions spent on "defence".


Afterthought : An Alberta Energy spokesdude says : "The Chinese takeover is good news for Alberta" and yet back in March we were all apparently shocked shocked shocked when CSIS head Richard Fadden casually mentioned China in his remarks about "foreign interference" on "possibly unwitting" Canadian public servants and politicians here in the West.

We pretty much behaved as if we were teenagers horrified to discover that our parents have sex. I mean obviously we know they must have but we don't much like to hear about it. And given the public pillorying Fadden received for it, I don't imagine it will be brought up again.
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Monday, August 31, 2009

Oil sands : "Chinese takeover is good news for Alberta"

says Alberta Energy spokesman Tim Markle.

PetroChina, the world's second largest oil company, is buying a 60% majority stake in Athabasca Oil Sands Corp (AOSC) to develop two tar sands projects. The $1.9 billion deal will provide Chinese capital for Athabasca which controls about 1.3 million acres of oil sands properties containing as many as five billion barrels of reserves in Alberta.

"Sveinung Svarte, chief executive of Athabasca, said the company would likely ship its initial output to U.S. refiners, but would consider other export routes if they open up."
In 2005 the state-owned PetroChina signed a memorandum with Enbridge to take up to half the space on its proposed Northern Gateway Pipeline from Alberta to the port of Kitimat in BC.
Enbridge is applying to build the pipeline this year, so presumably PetroChina will eventually be able to ship its newly acquired share of Alberta oilsands straight home to China.

Athabasca does not foresee any "issues" from Investment Canada.

Oilweek :
"Such a takeover would be subject to a new provision recently incorporated into the Investment Canada Act, under which the federal government could block a deal from a foreign firm if it was deemed to pose a threat to national security. But Ottawa will likely wave through the deal.
Geopolitics Central economist Vince Lauerman : "Given the environmental factor down in the states, it only makes sense to diversify our customers, especially to customers that are somewhat less concerned about the environment in general and greenhouse gas emissions in particular."
The Chinese takeover is good news for Alberta, said Alberta Energy spokesman Tim Markle."
Just in case this :
August 2009 : Washington approves oil sands pipeline
"The Obama administration yesterday approved [an Enbridge]pipeline to carry oil-sands fuel from Canada into the US, saying its action was designed to send "a positive economic signal in a difficult economic period"
reverts back to this :
June 2008 : Obama's fight against 'dirty oil' could hurt oil sands
"Barack Obama on Tuesday vowed he would break America's addiction to "dirty, dwindling, and dangerously expensive" oil if he is elected U.S. president -- and one of his first targets might well be Canada's oil sands."
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Good to know the Cons' criticism of China's crappy environment record - their stated reason for blowing off the Kyoto Accord - doesn't stand in the way of selling China the product of our crappy environment record.
And how will the US react to this possible threat to 'North American energy security'?
Oh wait - we're already obligated under NAFTA to send 70% of our oil south regardless.
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