Showing posts with label foreign ownership. Show all posts
Showing posts with label foreign ownership. Show all posts

Sunday, June 12, 2016

Pay to Play in BC with farmland

1. BC has no restrictions on foreign donors to political parties.
2. BC has no restrictions on foreign ownership of farmland.
3. Legislation protecting farmland is a provincial responsibility.

In 1974, BC passed Agricultural Land Reserve legislation to protect farmland but two years ago Christie Clark's government weakened its mandate :

National Farmers Union : 
Losing Our Grip 2015 Update : How Corporate Farmland Buy-up, Rising Farm Debt, and Agribusiness Financing of Inputs Threaten Family Farms

"On May 30 2014, the BC government weakened BC's farmland protection legislation by passing the Agricultural Land Commission Amendment Act. The new law creates two tiers with reduced protection for 90% of the Agricultural Land Reserve : the Interior (1,528,968 acres), Kootenay (392,557 acres), and the North (2,210,783 acres). These three regions of BC are the most affected by oil, gas, and coal industry development."

Foreign companies buying B.C. farmland to earn carbon credits ...
Last year it came to light that the UK chemical company Reckitt Benckiser bought 10,500 hectares of agricultural land in the ALR in Northern BC and planted it with over 7 million trees to offset the carbon emissions of its manufacturing operations. 

Western Investor May 31 2016 B.C BC's largest land agent really deals in water
From verdant farmland to oceanfront and lakefront escapes, world demand is turning to what the West Coast has in abundance
LandQuest Realty Corp. ... said the biggest international demand is for farmland ...  China-based buyers were the first foreign climate-driven investors to begin buying B.C. farmland, primarily for hay crops. 
“We market British Columbia to the world.”
Despite the growing international interest, Osborne confirms that Canadians still make up about 85 per cent of LandQuest buyers, and this demand ranges from farms and ranches to urban retreats and trophy recreational titles.

BC Finance Minister Mike de Jong said he was not in favour of a tax on foreign investment, fearing it sends the wrong message to the Asia Pacific investors B.C. has been courting for years.

Under public pressure for the inclusion of real estate companies in her recent trade junket to Malaysia and Korea, unregulated foreign investment in urban housing, undisclosed $20K per donor private-access-to-Clark Liberal fundraising events, and her yearly $50K salary top up from the BC Liberal Party, Christie Clark's government began officially tracking foreign ownership of BC farmland for the first time yesterday.

h/t RossK@The Gazetteer for Western Investor link
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Friday, March 30, 2012

Happy RoboCon Election Fraud Budget Day

Lucky scheduling break for the Cons, eh? - getting Election Canada's Marc Mayrand to testify on 2011 election fraud on the same day they released the 2012 budget.

"We are free to choose our future," Flaherty said in his budget speech. "We have made our choice."


Election Fraud : Calling it "absolutely outrageous" and " totally unacceptable in a modern democracy", Elections Canada Marc Mayrand told the PROCommittee EC is investigating 800 specific complaints of electoral phone fraud in 200 ridings across ten provinces and one territory. 250 files open right now including 70 out of the 7,000 complaints in Guelph.

2012 Budget : Elections Canada budget to be cut by $7.5 million a year.


Election Fraud  : CBC's Terry Milewski : Misleading robocalls went to voters ID'd as non-Tories
2012 Budget : CBC budget cut by 10%


Well I guess that'll learn 'em.


The budget features "streamlining" environmental review processes, plus gives $8 million to the Canadian Revenue Agency to target registered charities that are "too overtly political", translation : "opposition from environmental groups to the massive Northern Gateway oil sands pipeline."
New RevCan money will investigate "the extent to which these are funded by foreign sources." 


But foreign tarsands-to-tanker funding from China is still a-ok, even at the cost of Canadian jobs ... 


PetroChina bids to help build $5.5-billion Northern Gateway pipeline


"Chinese investment in Canada’s energy sector could move to a new level if PetroChina wins a bid to build the controversial Northern Gateway oil sands pipeline.
The largest of China’s three state-controlled oil companies has expressed an interest in building the $5.5-billion project across the northern Canadian Rockies and is considering purchasing an equity stake, said Pat Daniel, president and CEO of proponent Enbridge Inc.
[W]ith a workforce of almost two million and cheaper labour costs than its North American counterparts, the Chinese company stands a good chance of presenting a competitive bid."


Well so much for Pipeline Steve's Canadian 'jobs, jobs, jobs' angle in that case. Also :


WSJ : Canada To Allow Wealth Funds To Invest In Its Financial Institutions
"The Canadian government said Thursday it plans to introduce legislation to allow foreign and domestic sovereign-wealth funds to invest in Canadian financial institutions."
So. After somehow being the apparent beneficiary of massive election fraud in which they gained a majority government, The Harper Economy™, as Pogge says, "is primarily based on ripping anything that might be of value out of the ground and shipping it out of the country as quickly as possible."
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Monday, January 30, 2012

CIDA doles out corporate welfare to mining giants

In Oct 2010, Bill C-300, An Act respecting Corporate Accountability for the Activities of Mining, Oil or Gas in Developing Countries, went down to defeat 140 to 134 because 13 Liberals, 4 Bloc, and 4 NDP skipped the vote. The bill sought only to limit Canadian tax dollars being spent to subsidize mining abuses committed by Canadian-registered companies abroad and only if they agreed to it.


A couple of months later in January 2011, Bev Oda, Minister of 'Not Kairos' and International Cooperation, acknowledged that Canadian tax dollars were subsidizing mining companies' CSR (corporate social responsibility) projects through CIDA - half a million to Barrick Gold, another half million to Rio Tinto, etc etc up to a total of $50-million for the year.

Today's G&M : CIDA funds seen to be subsidizing mining firms
This marks the first time that CIDA and mining firms are jointly funding aid projects abroad ...         The mining industry is welcoming the new trend in Canada’s foreign-aid policy. 
“There is a policy shift under way, and it’s one we’re encouraged by,” said Pierre Gratton, the president of the Canadian Mining Association.
while World Vision Canada, a CIDA partner with Barrick Gold in Peru, put it this way  (italics mine):
 “Anything we can do to encourage and advocate for better mining practices, and support the communities that they are displacing or affecting, we’re contributing to a better lifestyle and environment for them.” 
Yes, sadly, communities will be displaced but at least our taxes will be there to help polish the image of their new corporate landlords . 


It's particularly galling that multinational mining giant Rio Tinto ($US15 billion-plus earnings in 2011) is receiving Canadian corporate welfare after locking  800 Canadian workers out on New Years Day in Quebec for protesting having their union jobs replaced by contract workers. Additionally, a court injunction only permits 20 workers to demonstrate at any one time and only at a distance of 150 metres from the front gate.


Back to the G&M :
Federal officials said the policy shift at CIDA is co-ordinated with efforts by International Trade and Natural Resources to encourage the growth of Canadian firms abroad
Sure it is.
A couple of days ago, Rio Tinto took majority control of Canada's Ivanhoe Mines which owns 66% of Mongolia's Oyu Tolgoi copper and gold mine, the rest being owned by the state of Mongolia. 
As it happens, Bev Oda was in Mongolia last August :
"looking to assist Mongolia to strengthen its democratic governance and economic growth"
 presumably with the help of China :
"In 2010, Rio Tinto said that it had held talks with its biggest shareholder, Chinalco, about the possibility of bringing in the Chinese state-owned company as a partner in Oyu Tolgoi"
Why are Canadian tax dollars subsidizing these massive multinational mining corps with corporate welfare again?
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Friday, January 20, 2012

Foreign Special Interests and their Deep Pocket Puppet




A remix of the now-infamous video to include a few of those "foreign special interests" not mentioned in the original broadcast, as Ethical Oil pocket puppet Kathryn Marshall strives mightily - eight times! - to limit the phrase to describe only the environmental opposition to the Enbridge Northern Gateway tarsands project.

Original broadcast, including a more generous sprinkling of "deep pockets" and "puppets", here .
Or there's always Rick Mercer's version.

Harsha Walia : Enbridge's pipeline of distortions

Terry Glavin : China has our forests, Now we're sending our oilfields too.

*Brilliant post from Emma Pullman @ DeSmogBlog*:
Friends With Benefits: The Harper Government, EthicalOil.org and Sun Media Connection 
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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.

Saturday, November 12, 2011

Keystone XL vs owning the tarsands

Former U.S. ambassador to Canada David Wilkins calls it "catastrophic", FinMin Flaherty said "the delay may kill the project" so Canada will look into sending our oil to China via BC instead, and TransCanada Corp is "deeply disappointed". So goes the official reaction to the US State Dept decision to delay Keystone XL for further examination.

But the vast majority of comments from the public under these news stories boil down to this :
Why doesn't Canada do its own tarsands refining?
Why isn't Canada building its own refineries and keeping the jobs here rather than just shipping the raw material abroad?

The response from purported industry insiders under these comments runs as follows :
that no investors are willing to undertake building tarsands refineries because it would be very very expensive; not enough profit margin; that there would be considerable Canadian nimby, environmental, and FN opposition to building them leading to a protracted approval process of uncertain outcome; that Canada does not have the expertise to build them; that Canadian labour costs are too high.

I guess it's too obvious to include that multicorps and foreign companies operating in the tarsands likely want to optimize corporate control and profits by owning both ends of the supply line. 

 “We can route a pipeline through the Andes, over the Rocky Mountains, through the Everglades, through the Sand Hills”
 apparently we can't route one to eastern Canada.


Foreign ownership :

StatsCan : Total assets, operating revenues and operating profits under foreign control
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."
Looking through the producing members of the Canadian Association of Petroleum Producers, I notice nearly 20% of them list their head offices outside Canada, mostly in Texas. 20% doesn't sound like much but many of them are the bigs, including Koch, ExxonMobil, Shell. 
Meanwhile China's investment in the tarsands is up to what - $13-billion now? 
 
Leo De Bever is head of Alberta’s $70-billion pool of public sector funds, including pension funds, endowments, and the $15-billion Alberta Heritage Savings Trust Fund.
"My simple point is that you lose ownership, you lose control. Those who control the resource always have the incentive to dig it up as soon as possible,” Mr. De Bever said. 
Mr. De Bever said it would make more sense for Canada to accelerate the development of technologies to produce the oil sands, improving environmental impacts and efficiency, rather than accelerate extraction.
“That is where that tradeoff of digging up now versus digging up later comes in,” he said. “If you know that in a few years you can make it drastically more efficient, it makes the resource more valuable.”
“If you want a strong Canadian economy, to some degree large Canadian institutions have got to take it upon themselves to be not just passive investors,” said Mr. De Bever. “Doing the right thing is not part of my mandate. Doing the profitable thing is. But if  I can do the right thing and the profitable thing, I would do so.”
Sounds like a "no-brainer", doesn't it, Steve?
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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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