Who Dares Name Big Oil the Enemy?
CANADA'S BIGGEST SECRET
Bank of Canada just listed climate change as a threat to the Canadian economy
“That’s 7 degrees in Canada,
Referring to the fact we’re warming at two times the rate of the rest of the world.
“That’s catastrophic levels of change in a short period of time.”
CANADA'S BIGGEST SECRET
BC.Gasoline and Diesel Prices Inquiry said
When the party is over in the oil patch,
Canadian taxpayers may find themselves doing the dishes
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
Alberta’s special relationship with the oil industry.
Today Canada is just teetering on the boundary
Canada's national debt today is hitting 90% of GDP
With a $260 billion bill to clean up Alberta’s oil patch
Canada’s non-renewable energy resources
Are clearly being sold off for ever-decreasing benefit,
Canada has one of the World’s lowest oil royalty rate structures .”
Plus Oil giants pay billions less tax in Canada than abroad
Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.
The Government of Canada borrows much of the monies to
Cover its shortfalls
From the private sector
To understand how ridiculous this present situation is,
BC.Gasoline and Diesel Prices Inquiry said
Canada oligopolistic wholesale market has the characteristics of a natural monopoly
Contrary to claims made by
Prime Minister Justin Trudeau and Alberta politicians,
The commission found the volume of refined products moving on
The Trans Mountain pipeline has no effect on prices only profits
Economist Robyn Allan told DeSmog Canada.
Because of "Air Barrels"
“Virtually no exports go to any markets other than the U.S.,”
Most of it at a very steep discount.
Set aside the political argument for buying the
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,” it said.
Contrary to claims made by Alberta politicians, the commission found the volume of refined products moving on
The Trans Mountain pipeline had no effect on prices just profits
And it noted the higher relative prices continued even as demand declined after peaking in 2016.
The demand decline is expected to continue.
The B.C. Utilities Commission’s recent report on gas prices confirms consumers are paying
$500 million a year too much for gasoline, Plus
CANADA'S BIGGEST SECRET
Bank of Canada just listed climate change as a threat to the Canadian economy
“That’s 7 degrees in Canada,
Referring to the fact we’re warming at two times the rate of the rest of the world.
“That’s catastrophic levels of change in a short period of time.”
CANADA'S BIGGEST SECRET
BC.Gasoline and Diesel Prices Inquiry said
Economic cheerleading by federal and provincial politicians and the mainstream media on behalf of the oil industry is doing the public a great disservice.
When the party is over in the oil patch,
Canadian taxpayers may find themselves doing the dishes
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
Alberta’s special relationship with the oil industry.
Today Canada is just teetering on the boundary
Canada's national debt today is hitting 90% of GDP
With a $260 billion bill to clean up Alberta’s oil patch
Canada’s non-renewable energy resources
Are clearly being sold off for ever-decreasing benefit,
Canada has one of the World’s lowest oil royalty rate structures .”
Plus Oil giants pay billions less tax in Canada than abroad
Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.
The Government of Canada borrows much of the monies to
Cover its shortfalls
From the private sector
To understand how ridiculous this present situation is,
BC.Gasoline and Diesel Prices Inquiry said
Canada oligopolistic wholesale market has the characteristics of a natural monopoly
Contrary to claims made by
Prime Minister Justin Trudeau and Alberta politicians,
The commission found the volume of refined products moving on
The Trans Mountain pipeline has no effect on prices only profits
Economist Robyn Allan told DeSmog Canada.
Because of "Air Barrels"
“Virtually no exports go to any markets other than the U.S.,”
Most of it at a very steep discount.
Set aside the political argument for buying the
Kinder Morgan pipeline and you’re left with a deal that makes no business sense.
(The pipeline is 67 years old.)
Without so much as a basic cost-benefit analysis,
Taxpayers paid $4.5 billion for 67-year-old infrastructure
Kinder Morgan estimates the useful life of its pipelines at
30 to 64 years
Kinder Morgan pipeline is not worth much more than
$1 billion, according to
The Trans Mountain pipe line has nothing to do with
Asian markets
It has everything to do with enriching U.S.-based refineries.
96% of Canada’s oil exports go to the U.S.
Most of it at a very steep discount.
Prime Minister Justin Trudeau
Spend C$4.5bn (US$3.45bn) Plus
To purchase
Kinder Morgan’s Trans Mountain Pipeline
The Keystone XL, was first proposed in 2008 under
The world ranking of Canada's Oil
(The pipeline is 67 years old.)
Without so much as a basic cost-benefit analysis,
Taxpayers paid $4.5 billion for 67-year-old infrastructure
Kinder Morgan estimates the useful life of its pipelines at
30 to 64 years
Kinder Morgan pipeline is not worth much more than
$1 billion, according to
Kinder Morgan’s financial statements.
Prime Minister Justin Trudeau’s repeated claims
that the pipeline was essential for Canada’s future.
Declaring the Trans Mountain pipeline was a matter of national interest
BC.Gasoline and Diesel Prices Inquiry said
Prime Minister Justin Trudeau’s repeated claims
that the pipeline was essential for Canada’s future.
Declaring the Trans Mountain pipeline was a matter of national interest
BC.Gasoline and Diesel Prices Inquiry said
The Trans Mountain pipe line has nothing to do with
Asian markets
It has everything to do with enriching U.S.-based refineries.
96% of Canada’s oil exports go to the U.S.
Most of it at a very steep discount.
It was the loss of the Keystone XL pipeline to the Gulf Coast
A 800,000 barrels a day pipe line
This is the reason why
This is the reason why
Prime Minister Justin Trudeau
Spend C$4.5bn (US$3.45bn) Plus
To purchase
Kinder Morgan’s Trans Mountain Pipeline
not worth much more than $1 billion,
When no other private investors would stepped up to take on the risk.
What makes the Trans Mountain pipeline so valuable
Taking Alberta oil to the three existing refineries in
The decade-long saga over the Keystone XL pipeline, which would stretch nearly 1,200 miles from Hardisty, Alberta, to Steele City, Neb., has been full of legal twists.
When no other private investors would stepped up to take on the risk.
What makes the Trans Mountain pipeline so valuable
When the Trans Mountain pipeline is finish
It would follow the existing secondary route from Sumas, B.C. into Washington state,
Cherry Point and Anacortes, Wash.
After years of study and delay,
The decade-long saga over the Keystone XL pipeline, which would stretch nearly 1,200 miles from Hardisty, Alberta, to Steele City, Neb., has been full of legal twists.
President George W. Bush, would begin in Alberta and go to Nebraska, where it would join with an existing pipeline to shuttle more than 800,000 barrels a day of crude to terminals on the Gulf Coast.
Envisioned in 2008 as a way to connect Canada’s oil sands fields with Gulf Coast refineries, the project has died and been resurrected more than once.
In 2015, on the eve of the international climate talks in Paris,
The Obama administration announced it was halting construction on the remainder of the Keystone XL pipeline, arguing approval would compromise America’s effort to reduce its greenhouse gas emissions.
Thank you Donald Trump
Donald Trump issues new permit for Keystone pipeline
Trump reversed Obama decision soon after taking office in 2017, saying the $8-billion project would boost
Thank you Donald Trump
Donald Trump issues new permit for Keystone pipeline
Canada now has a 800,000 barrels a day pipe line of crude to terminals on the Gulf Coast
American energy and create jobs.
A presidential permit is needed because the project crosses a U.S. border.
Trans Mountain pipeline can now sit in the courts forever
A presidential permit is needed because the project crosses a U.S. border.
Trans Mountain pipeline can now sit in the courts forever
Deposit #3 (production #6)
Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.
Still Canadians are paying some of highest gas prices in the world
Calgary Oil and Gas Execs want to keep it that way
They're Backing Scheer
Canada can have 100 pipelines
The Five Big Canadian Companies
Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.
Still Canadians are paying some of highest gas prices in the world
Calgary Oil and Gas Execs want to keep it that way
They're Backing Scheer
Canada can have 100 pipelines
It would have no effect on prices only profits
This is why
Alberta
This is why
Alberta
The Five Big Canadian Companies
Together they now control almost
80 per cent of bitumen production
British Columbia
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,” it said.
Contrary to claims made by Alberta politicians, the commission found the volume of refined products moving on
The Trans Mountain pipeline had no effect on prices just profits
And it noted the higher relative prices continued even as demand declined after peaking in 2016.
The demand decline is expected to continue.
The B.C. Utilities Commission’s recent report on gas prices confirms consumers are paying
$500 million a year too much for gasoline, Plus
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
The Cleanup bill is greater than the
Value of the entire oil and gas industry
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
National Geographic said
This is the world's most destructive oil operation
This is due to an
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
“It’s biologically and chemically an impossible fantasy,” said
David Schindler, a former University of Alberta professor
and renowned freshwater scientist and officer of the
Order of Canada. Said
Water capping will return land to a natural state is a “impossible fantasy.”
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.
And if oil and gas companies aren’t setting aside the money to clean up
Their own mess, just who is going to pay for it?
You guessed it: The rest of us
Why
More than two-thirds or 71% of the ownership of oil sands production in
Canada is now owned by foreign entities
Foreign Investors they do not live here so
They do not care about Canada's environment
They only care about their bottom line
This is making Canada the laughing stock of the world
The Inquiry said
"By intervening and regulating,”
“Without that change,"
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
The Cleanup bill is greater than the
Value of the entire oil and gas industry
“Canada wants to be a climate champion and"
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
National Geographic said
This is the world's most destructive oil operation
And It's growing
This is due to an
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
“It’s biologically and chemically an impossible fantasy,” said
David Schindler, a former University of Alberta professor
and renowned freshwater scientist and officer of the
Order of Canada. Said
Water capping will return land to a natural state is a “impossible fantasy.”
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.
And if oil and gas companies aren’t setting aside the money to clean up
Their own mess, just who is going to pay for it?
You guessed it: The rest of us
Why
More than two-thirds or 71% of the ownership of oil sands production in
Canada is now owned by foreign entities
Foreign Investors they do not live here so
They do not care about Canada's environment
They only care about their bottom line
This is making Canada the laughing stock of the world
The Inquiry said
The only way to stop price gouging is
"By intervening and regulating,”
“Without that change,"
Consumers will continue to be exploited in this market.”
Without that change Canada will be the next Venezuela
Without that change Canada will be the next Venezuela
Alberta, produces 2.5 million barrels of oil per day
‘ Alberta is essentially giving oil away for free’
Canada Buys back the oil at Full Market Price
54 per cent – of all Canadian oil imports come from the USA
More than two-thirds or 71% of the ownership of
Oil sands production in
Canada is now owned by foreign entities
Because most of the benefits go to the big businesses instead of the government.
The Government of Canada
The Cost of Government Debt in Canada,
To understand how ridiculous this present situation is,
Consider the Auditor General of Canada report
which states
That this is insane, This has to end
Can you really blame Albertans for being pissed?
The $30 billion exodus:
Foreign oil firms are bailing on Canada
Rachel Notley is telling the truth ,
Alberta’s oil and gas companies have figured out how to pull off
Rachel Notley said because of "Air Barrels"
Alberta is losing billions every year
To Fight “Air Barrels”
As Prices Continue To Plunge
The government estimates Alberta is losing
$80 million a day due to this discount,
Industry manipulates the current system.
Alberta will never be able to stop “Air Barrels”
Instead of fixing the problems
Canada allows big players to continue to scam the system,
Prime Minister Justin Trudeau gives the oil sector $1.6B boost
Oil went from portfolio stalwart to portfolio destroyer
The world ranking of Canada's Oil
Canadian oil sands bitumen have fallen so far that many producers
Rachel Notley said
Because Alberta oil is sold for pennies on the dollar we are
‘Essentially giving our oil away for free’
Oil giants pay billions less tax in Canada than abroad
WHERE DOES YOUR GAS COME FROM
Canada imports 759,000 barrels of oil per day at full market price
Rachel Notley said this is killing Canada
Most of the benefits go to Foreign Entities
And five big Canadian companies
A common misunderstanding about
Canada’s oil and gas industry
Is that all the Companies that belong to it
Face the same pressures to their business models from volatile oil prices and climate regulations.
The reality is much more nuanced.
When Hussey explored how the industry was affected by the
2014 oil price downturn for the Corporate Mapping Project,
He was surprised to learn that
The Five Big Canadian Companies
Suncor, CNRL, Cenovus, Husky and Imperial
Together they now control almost
80 per cent of bitumen production
By studying publicly available records,
He and his research team discovered that
“The Big Five”
Were performing relatively well
"incredibly profitable corporations,"
Banking and paying out to shareholders
$13.5 billion last year.
Even as tens of thousands of Albertans lost their jobs and smaller companies filed for bankruptcy
Rural Alberta is coping with $81-million shortfall in
oil and gas taxes
Suncor for instance had a net profit rate above
Plus more than two-thirds or 71% of the ownership of oil sands production in
Canada is now owned by foreign entities
He and his research team discovered that
“The Big Five”
Were performing relatively well
"incredibly profitable corporations,"
Banking and paying out to shareholders
$13.5 billion last year.
Even as tens of thousands of Albertans lost their jobs and smaller companies filed for bankruptcy
Rural Alberta is coping with $81-million shortfall in
oil and gas taxes
Suncor for instance had a net profit rate above
13.5 per cent in 2017
The Truth is
Alberta,
The royalties for oil sand production
Goes down every year
“Canada’s non-renewable energy resources
It's because most of the benefits go to the big businesses instead of the government.
Canada is now owned by foreign entities
Foreign Investors they do not live here so
They do not care about Canada's environment
They only care about their bottom line today
They only care about their bottom line today
Paris Agreement obligations for the year 2050.
Today the Alberta Tar Sands have been dubbed the largest
And most destructive
Industrial project in human history
In 100 years only $1.2 billion has been invested in Clean up
Today it will cost you to clean up
Alberta's oil patch? $260 billion
$200 billion more than has been publicly reported.
Today the Alberta Tar Sands have been dubbed the largest
And most destructive
Industrial project in human history
In 100 years only $1.2 billion has been invested in Clean up
Today it will cost you to clean up
Alberta's oil patch? $260 billion
$200 billion more than has been publicly reported.
Even as Canada promotes action on climate change on the world stage,
Canada does not have the money to clean up the oil fields
The Cleanup bill is greater than the
Value of the entire oil and gas industry and
Canada is sweeping the problem under Water
Alberta taxpayers footing bill for delinquent oil and gas companies,
The oil sands industry's heavy environmental toll has prompted other investors to walk away.
Why is our export credit agency bankrolling its rapid expansion
Fuelling the oil sands
How Big Are Canada’s Oil Sands?
We had 100 years of Alberta oil
Today our Current Outstanding Public Debt of Canada is approximate:
$629,572,079,450.28 CDN.
The Cost of Government Debt in Canada, 2017
Believe it or not
Alberta
Will be $71 billion of debt by the time the
NDP face voters in 2019
Alberta is on pace to be $96 billion in debt by 2024
Manitoba Hydro's burgeoning debt surpasses $19 billion
This is a dramatics change in fortunes for a province
That celebrated being debt free 20 years earlier
Prime Minister Justin Trudeau
Canada is now Number ONE in the world for Subsidies
Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.
This is making Canada the laughing stock of the world
Canada is now Number ONE in the world for Subsidies
Canada subsidized the fossil fuel industry to the tune of almost $60 billion — approximately $1,650 per Canadian.
This is making Canada the laughing stock of the world
Justin Trudeau’s Killed Energy East Pipeline
Justin Trudeau’s Family Fortune Was Made With Oil Money in Eastern Canada
Twice now we have voted in a Trudeau
Every time we vote in a Trudeau everyone in Canada Cries
Every time we vote in a Trudeau everyone in Canada Cries
Rachel Notley was telling the truth this is killing Canada