Friday, September 23, 2016

Justin Trudeau, Christy Clark, We Are Idiot!


Breaking.....September 23/2016....Federal Government set to nix Petronas..

Flowery words, gentle tone, grandiose optimistic future visions opined in Paris by Justin Trudeau....

But on the ground  in Canada, policy, regulation, captured regulators and cowtowing to industrial giants continue as if Stephen Harper was still running the show....Full steam ahead..

I had such great expectations for Justin Trudeau, he talked during the 2015 Federal election of a "new relationship" with First Nations, Justin talked of  "regulatory reforms" and a "new NEB process, one the public could have confidence in"...

I can picture Justin Trudeau in election ads hiking the Grouse grind, kayaking and recently pictures appeared of Justin holidaying at one of British Columbia's most beautiful locations, Vancouver Island's Long Beach....

And what about business acumen, do we in Canada possess none?..or should I say, are Canada's political leaders idiots, mentally challenged or outright criminals acting on behalf of themselves, feathering beds, in search of future directorships on corporate must be true, how else can one explain the actions of a one Christy Clark and of Justin Trudeau...

The former, word salad chef and vocabulary butcher Christy Clark...Site C dam boondoggle, the power isn't needed, won't be needed, the cost is astronomical, we are looking at $15 billion dollars by the time the numbers are added up...and..

If one asks Christy Clark what the Site C Dam power is needed for ....the answer forthcoming is gibberish, and constantly changing...who can keep track of Christy Clark's myriad of answers...First Christy claimed site C power was "needed to power an new LNG industry"...yet LNG liquefaction terminals don't use electricity to power their plants, they use natural gas, secondly, LNG majors won't pay for the cost of Site C power, they will accept free electricity from British Columbia...yet the power isn't free, residential rates are set to skyrocket even higher to pay for this power generating boondoggle...

 any LNG terminal built, IF, would be located hundreds of miles away from Site C, ..major transmission lines would be a must to make that happen....who pays for that?

Christy Clark has refused to have the project vetted by the BCUC or by other reputable sources, why?

Because the project won't stand up to scrutiny or a business profitability case, or a need-based case...

Now, as Christy Clark's LNG fantasy fades to black the story changes, Clark says   "Site C Dam will get Alberta off of coal power generation"    yet Alberta won't pay for the over-priced Site C power and Christy Clark wants the federal Government to pay for a transmission line from Site C to the Alberta power grid....

A major transmission line would have to be built to make that Alberta energy deal happen

Then Christy Clark changes her tune again..."Site C energy will be used to electrify the northern BC gas fields"

Really, when a LNG/fracking industry would require drilling thousands of wells per year, is BC Hydro now on the hook for continually delivering grid energy to a constantly moving fracking industry, are we going to zig zag power poles and lines all through the north...? For a sunset industry, for a industry riddled with lies, for an industry that will only cost Canadians money and never deliver wealth or jobs in any meaningful way...

So let's get this straight, ....Site C Dam power is needed to power LNG terminals.....and or to power the gas fields in northern  B.C......and if LNG doesn't happen the Site C power will save Alberta from dirty coal power.....Wow. now that's a business plan(insert sarcasm here)

I did mention business acumen....Canadian political leaders possess none...Rachel Notley believes the answer to the world's oil glut is to build more oil pipelines and flood the saturated oil market with more oil...brilliant!...funny how in the past Alberta made tons of money from big oil without tidewater(with the exception of Kinder Morgan to B.C.'s Burrard Harbour) access.....Now apparently Alberta can't survive without it...and on and on it will go, it won't stop at Kinder Morgan, CAPP will push for Northern Gateway, Energy East and even more pipelines....and still Alberta will wallow in big oil debt...

What about your business savvy Rachel Notley...?'ll take Site C power(subsidized by BC Hydro ratepayers) if we give you Kinder Morgan pipeline expansion and Enbridge's Northern Gateway pipeline....How NDP-like of you Rachel...resort to blackmail when under industry pressure, a lame attempt to save your political done Rachel Notley, and you can't see the way forward, and as for the future you promised during the election you've abandoned.....Hey Rachel, let me give you a clue...bring in a provincial sales tax to shore up the provincial budget and then you won't need to destroy pristine parts of Canada by cowtowing, caving, giving in to big oh my, that sounds progressive and almost....NDP-like..

Christy Clark and Rich Coleman believe the same of it and they(Asia) will buy, they won't, they may buy LNG from B.C. for half the cost of production...the only way Petronas or any energy giant will build in B.C.. is if we give them gas for free, or pay them to take it..

The truth be known....Petronas is not, and will not be building a LNG terminal at Lelu island...The economics don't add up...(Hey Justin Trudeau, the Lax Kwa’laams Band voted for continued talks with Petronas and....on mass the Lax voted for moving the location to Ridley Island or to Dish Cove)


Bloated, glutted and static, Asia's LNG market keeps disappointing

The liquefied natural gas (LNG) industry has morphed from energy's golden child to black sheep in the last two years, with demand slumping just as supplies soars.
While low prices are a boon for consumers, the lack of demand and lowered revenue will threaten the efforts of companies to recoup investments in LNG export terminals in the United States and Australia. Further, future projects will have a hard time gaining approval.
Asia demand was expected to soak up this supply but the region has turned to alternative and cheaper fuels. LNG imports to Japan, the world's biggest consumer of the fuel, are down 5.3 percent for the first seven months of 2016, government data shows. Meanwhile, South Korea's imports in July dropped 15.2 percent from the same time a year ago.We here in Canada don't get the real news, we have captured media that's in the business to promote the corporate agenda, real news in Canada is obtained almost exclusively through the internet, bloggers and alternative media...
Even with the current LNG oversupply, there is more to come
Huge reserves off Africa's east coast, in the eastern Mediterranean

As Norman Farrell and others have pointed out...BC Hydro has been way off the mark with their power need projections going back a decade, ever since Gordon Campbell sabotaged BC Hydro's ethics and honesty, Gordon Campbell's IPP super power boondoggle comes home to roost..

Now in 2016 BC Hydro is dumping high-priced IPP power at a loss..and no, the northern BC frackers won't pay for IPP power, they won't pay for Site C power either..they will take taxpayer paid for power for free...Business acumen is indeed absent from the BC Liberal Government...They are the government of selling out to corporate party donors...

and what of LNG...Christy Clark pinned her LNG hopes on fleecing the Japanese people...robbing them blind after the Fukushima nuclear disaster...That game is over...


"Seven Japanese nuclear power reactors are likely to be in operation by the end of next March and 12 more one year later, according to an estimate by the Institute of Energy Economics, Japan (IEEJ). Judicial rulings and local consents will influence the rate of restart, it notes.
In its Economic and Energy Outlook of Japan Through 2017, the IEEJ has considered the economic and environmental impacts in financial years 2016 and 2017 (ending March 2017 and 2018, respectively) of various scenarios for the restart of reactors in Japan.
The organization estimates that if restarts take place according to the current schedule - the "reference scenario" - seven reactors could restart by the end of FY2016 (ending March 2017). By the end of FY2017, 19 units could be restarted, generating some 119.8 TWh of electricity annually, compared with total nuclear output of 288.2 TWh in FY2010, the year prior to the accident at the Fukushima Daiichi plant.
Under this scenario, compared with FY2010, total spending on fossil fuel imports in FY2017 decreases by JPY4.7 trillion ($45 billion)"

$45 billion per year less by 2017 will Japan be spending on LNG...
$45 billion is a lot of money leaving the LNG market...
Need more...Iran with sanctions lifted is opening it's doors to foreign energy companies, Iran possesses the largest reserves of conventional gas in the world...conventional gas, meaning no fracking, meaning cheaper to produce, meaning more competition to BC's dead LNG fantasy..

Israel is fast-tracking development of their mammoth offshore gas reserves...Russia is doing the same, Russian gas remains profitable at $4 per MM BTUs..

Israel seeks to lure big oil and gas groups for rights auction

Shell's Prelude multi billion dollar floating LNG terminal will start operations next year off Western Australia and Africa too...Africa is courting the energy majors to develop their vast natural gas reserves...

Egypt is getting into the LNG game too...

Egypt’s New Gas Discovery: Opportunities and Challenges
After a tough year, the Egyptian government recently received some good news. Italy’s ENI announced that it has discovered the “largest ever” offshore natural gas field in the Mediterranean off the Egyptian coast. Dubbed a “supergiant” field, ENI suggested that the Zohr project would be able to meet Egypt’s own natural gas demands for decades to come.
This is welcome news for the government of Abdel-Fattah el-Sissi as it enters its second year and it is likely to resonate locally and regionally. Once the field comes online it will go a long way toward satisfying local demand, thus allowing Egypt to spend significantly less on energy. It would be prudent for the government to use these savings to improve people’s livelihoods and invest in infrastructure, health, and education.  


Japan, the world's largest LNG importer to slash its LNG imports by more than half by the end of 2017 saving the country $45 billion US dollars per year....

Christy Clark said this about Japan and LNG during the run-up to BC,s 2013 election...

"Liquefied natural gas is the industry that will make British Columbia debt free," says B.C. Liberal Leader Christy Clark.
"We have a plan to export natural gas at five times the price of what we can get here in North America."
"Their hunger for the cleanest fossil fuel on the planet is almost unlimited," Clark said earlier this month while on a campaign stop in Dawson Creek."
Christy Clark sticks to her pitch.
"Development in natural gas can stimulate $1 trillion \in new economic activity across the province — 100,000 new jobs. $100 billion in 30 years," Clark said

"The first plant will be running in two years and two others will be shipping LNG by 2020, while insisting her projections are quite modest."
"In setting out the amount of money that we'd be putting into the Prosperity Fund, at $100 billion over 30 years, set a very conservative number. But we'll see."


So here we are, 3 months left in 2016 and not a shovel in the ground, no FIDs(final investment decisions)....Shell Canada was granted all the required permits....They cancelled their project..Altagas had all the required permits too, they shelved their tiny project because it was uneconomical, a money loser...Woodfibre LNG is about to defer to the distant future too...

So, Christy Clark, Rich Coleman and Gordon (i'm for sale) Wilson were 100% wrong on LNG...

Business acumen indeed!, so...Those pathetic politicians who got elected on lies and distortion are to be believed on Site C...laughable to say the least...

We the people are not gullible sheep Christy Clark, .....Mr. Trudeau..your turn for ridicule is coming..

Gordon Campbell shuttered Burrard thermal, a natural gas emergency power generator because...

Gordon Campbell to facilitate his IPP boondoggle created a law...A LAW, a LAW DAMN IT, a LAW

A BC Liberal government law that requires British Columbia to reduce 2007 greenhouse gas levels/emissions by 33% by 2020....

B.C. Premier Christy Clark at Friday’s news conference in Richmond announcing the province’s update to its climate plan, with Environment Minister Mary Polak in the background.
"The B.C. Liberal government has put off the heavy lifting on reducing greenhouse gas emissions to a later date, under a new plan released today.
The much-anticipated update to a 2008 plan created under then-premier Gordon Campbell recommits the province to achieving an 80 per cent reduction over 2007 levels by 2050.
However, today’s 52-page plan only lays out actions estimated to achieve less than half of the needed reductions by 2050, and much less if the government’s much-hoped-for liquefied natural gas export industry materializes and significantly increases emissions.
While it’s already known that B.C. will not meet its 2020 target of reducing emissions by one-third, the Christy Clark-led Liberals are not setting a new interim target and will have to remove from law the 2020 legislated target.
At a news conference in Richmond, Premier Clark said the plan will need to be updated every year with new measures, although the plan only calls for renewal every five years.
Clark also said the plan would reduce carbon emissions by eight per cent by 2030, which is not mentioned in the plan.
The new, interim target is just one of the many recommendations from a government-appointed 17-member advisory committee that is not being implemented"

BC Liberals make a greenwash law to justify an IPP private power rip-off boondoggle that is costing BC Hydro and ratepayers hundreds of $millions per year and now because the BC Liberals know they won't come anywhere close to the set 2020 goal are revoking the law...baa baa baa...

That and because of Christy Clark's delusional LNG super-power fantasy....Petronas's PNW LNG proposal to be located at the mouth of Canada's second most productive wild salmon river..The Skeena, this one project would increase British Columbia's greenhouse gas emissions by a staggering 40% once all the downstream and upstream emissions are counted...

Over to you Justin Trudeau....Nice speeches in Paris last year, flowery, optimistic, grandiose, oh how Canada was going to be a world leader in reducing greenhouse gasses...baa baa baa..

Business acumen, do you have any business acumen Justin,..I personally think not...the real action is in renewable power...$trillions and trillions of dollars being invested in renewable power while you suckle Christy Clark's ass fumes and cowtow to a foreign state owned company Petronas, a country who's leader Najib Razak is a portrait of a criminal, a liar, a cheat, an embezzler, a rule of law trouncer a crusher of human rights...

and for what....Business acumen....Petronas talks of a $36 billion dollar investment in Canada, the number is a fraud...fraudulent..
of that alleged $36 billion dollar investment....Petronas bought an Alberta company for $6 billion..Progress energy, the company Petronas bought...Petronas has tallied Progress energy's normal business activities..Progress energy has over half its workforce in the USA....Petronas has stated that Progress Energy's normal operational costs are all B.C. investment...$6 billion for Progress energy..$3 billion for Progress energy's payrole and operations here and in the USA...Petronas claims this is all investment in B.C.,,,,It is no such thing..Progress energy sells natural gas and receives payment for that gas, none of that revenue is deducted from Petronas's other words, Petronas is counting every penny spent in North America and calling it B.C. investment while ignoring Progress Energy's (Petronas) income stream....smoke n mirrors and funky bookkeeping...Who is cooking Petronas's books? Najib Razak....indeed.
Petronas in its $36 billion dollar investment in B.C. also includes the cost of TransCanada building a pipeline, a pipeline Transcanada will operate...Petronas in that $36 billion dollar total is including a possible future building of more LNG trains ...Petronas in their $36 billion dollar total is also including the cost of their Lelu island terminal..of which $8 billion of an estimated $11.2 billion dollar Lelu Isalnd terminal cost....$8 billion dollars of the $11 billion dollar terminal will be spent in South Korea and Japan..All the mainframes and modules will be imported...and..

Petronas wants the Canadian taxpayer to write of the entire $36 billion dollar cost at an accelerated rate...when a mere $3 to $8 billion only would be spent in Canada....a lose lose losing proposition..

Petronas's LNG project would become Canada's most polluting single point operation...A carbon bomb..
And no...LNG production in BC will not reduce coal powered energy in Asia, there is no offset, none at all and even if one existed, fracked, piped, liquefied gas then regasified has a carbon footprint as bad if not even worse than coal...and besides that..China isn't getting off of coal ..China is embracing coal fired power, thus they are building hundreds of coal fired power plants even today...

China's Insurance Policy Against High-Priced LNG, COAL= Death of British Columbia's LNG Super-Power Fantasy!

Mr. Trudeau...or can I call you Justin?......

British Columbia has thousands of miles of coastline....British Columbia has LNG terminal sites available in many places...Dish Cove..Ridley Isand to name a couple...and where does petronas want their proposal located....At the mouth of Canada's greatest wild salmon rivers, ..Petronas wants 24 hour construction for years, pile driving and bright spot lights 24/7...underwater light, thus drawing predators and young salmon fry eaters to devour our salmon brood stock for years and years...Petronas will not proceed unless they are granted that construction timeline...Scientists have rejected Petronas's environmental assertions...DFO and the Federal government decades ago warned of such activities in and around the Skeena river flora bank...there are no mitigation measures..

We just suffered the worst sockeye salmon return on the Fraser river..can you say FISH FARMs ..I can...

We have thousands of miles of coastline and you Justin Trudeau are placating Petronas by allowing them to build in the worst possible location...Remember that surfing you were doing on BC's wild west coast..Long Beach...That would be a environmentally better location for a LNG terminal than would Lelu Island...

Business acumen...Do you have any Justin?

Petronas, run by Malaysian criminals...Najib Razak....A company wanting $36 billion in Canadian tax write-offs when a mere $3 to $8 billion might be spent in Canada....To destroy the historic Skeena river salmon legacy...To allow the single biggest greenhouse gas emitter in Canada to proceed, destroying Skeena river salmon while were at it...a salmon run worth hundreds of million$$ every year..

When we have thousands of miles of coastline.....

And despite of all of this...Petronas is in no hurry to build...The project for all intents and purposes has been cancelled, and or deferred for many many years...

Justin Trudeau...pick up the phone and call Australia and ask them how their LNG is working for the Australian taxpayer...Maybe call the Australian judicial, taxation division and see how many lawsuits the Australian Government has launched against the LNG majors for tax avoidance and funky bookkeeping...

Chevron adds $7b to 'in house' loan, critics say move designed to shift income offshore

A multinational corporation labelled Australia's worst tax avoider by members of a Senate inquiry has added $7 billion to an "in house" loan that critics say is designed to shift billions of dollars of income offshore.
Chevron's latest financial accounts show that a shell company in Delaware has now lent a total of $42 billion to Chevron Australia Holdings Pty Ltd, the Chevron subsidiary developing the vast Gorgon gas project in Australia's northwest.
"It really shows continuing contempt for the Australian Government and the Australian people," Jason Ward, a researcher with the union-backed ITF, told the ABC.
"This is really a tax scheme designed to avoid payments, once profits start to flow on the Gorgon project and the Wheatstone project."
Dr Mark Zirnsak, a spokesman for the Tax Justice Network, also said it looked like Chevron was trying to avoid paying taxes in Australia.
"It does look like further tax dodging by Chevron, loading itself up with debt from the US tax haven of Delaware in order to avoid paying taxes here in Australia," Dr Zirnsak, who is also a director for the Justice and International Mission Unit of the Uniting Church Synod of Victoria and Tasmania, said.
Chevron maintains that the arrangement between the Delaware shell company and its Australian subsidiary is a bona-fide loan to fund construction on the gas projects.
But the arrangement will have the effect of reducing Chevron's tax bill in Australia by many billions of dollars.


Lastly....Justin Trudeau...If you have no balls, no guts, no business acumen, do the next best thing..Make a Petronas approval subject to finding a new location outside of the Skeena watershed..

anything less and you Mr. Trudeau will be deemed, like Christy Clark..

"You are idiot"


The Straight Goods

Cheers Eyes Wide Open


Anonymous said...

Pull out all the subsidies, grants, loans for corporations. Make them all pay taxes regardless of where they've parked their money. You can find lots of those who make bucks just on the internet. Let them prove they don't have $$. Who cares. It's a race to the bottom anyway, so may as well start by putting them all on a level playing field/street with us "regular" folks. Then lets see how long any one of them would last with us.

Unknown said...

We are not idiots, they are!. I did not vote for them!

Grant G said...

Hi Astrom47

No, we are not, and in the title.."We are idiot"...That is referring to Justin Trudeau and Christy Clark..

Kinda like...Justin Trudeau is talking and says..."Christy Clark, and me Justin Trudeau, we are idiots"

Hope the read was informative..


John's Aghast said...

Very informative as usual. Very disappointing that there are only 3 commentators so far, and that one of them is Asrom47 and another you in enlightening him. Either we are all well informed, or just don't give a damn. John Horgan would do well to read this article and incorporate it in election platform!
I have been instructed not to read any more blogs as it makes me belligerent, morose and impossible to be around. I may have to take a subatical.

Grant G said...

Well John....instead of can listen..

I will be making an appearance on....The View Up Here on Wednesday/Sept/28th...The discussion...2 hours of LNG facts....