QEC - Trudeau Liberals have now signed their death sentence

I am sure that the Liberals will take a real hit for their bad decisions, mainly the C-69 and the C-48!!!

It will be an October fest! 😊

"The Trudeau Liberals have now signed their death sentence in Alberta for the 2019 federal election."

"David Staples: Canadians will reject the anti-prosperity mania of McKenna Liberals


Updated: June 26, 2019"

"For months a massive coalition of reasonable Canadians — everyone from NDP Leader Rachel Notley in Alberta to Indigenous businessman Calvin Helin in British Columbia, from thousands of letter writers and protestors to business leaders across Canada — spoke out against Bills C-49 and C-69, two crucial Liberal industrial policies.

But the Liberals refused to listen. Instead they took their orders from their party’s most naive and irresponsible wing, led by Catherine McKenna, the federal Environment Minister. The Liberals have now signed off on C-48 and C-69. These new laws will thwart the growth of Canada’s biggest export industry in oil and gas, eliminate well-paying jobs, create animosity between regions, do nothing to combat climate change, and endanger the best hope we have for national reconciliation with Indigenous communities.

Bill C-69 brings in a new industrial assessment process full of red-tape and new legal triggers that will kill pipeline projects in court. Bill C-48 forever bans the tanking of Alberta crude oil from the northwest B.C. coast.

Their impact will be to dry up investment in oil and gas, say numerous industrial and political leaders, including Senator Doug Black of Calgary.


“There is no good news here,” Black says. “There is no country in the world that would work so aggressively to undermine its ability to export products.”

To put McKenna’s policies and their impact on climate change in perspective, let’s apply their impact to two industries tied to greenhouse gas emissions: Ontario’s car manufacturing and the Quebec’s aeronautics industry.

If Ontario has to stop expanding its car industry and Quebec its airplane business, would that stop anyone in the world from acquiring more cars and airplanes? Of course it would not. They would simply buy cars from Japan or Germany and airplanes from Brazil or the U.S.A.

Likewise Canada could shut down its entire oil and gas export industry and it would have zero impact on climate change. Other jurisdictions such as Saudi Arabia, Russia and Venezuela, with their atrocious human rights and environmental records, would be thrilled to meet the extra demand.

But because car and airplane manufacturing are so important to Ontario and Quebec, Black says federal legislation to end or limit growth in those sectors is inconceivable.

“It would never, ever see the light of day because the thought of attacking the auto industry or the aeronautics industry would be unthinkable, and frankly should unthinkable, just as attacking the oil and gas industry should be unthinkable in any rational environment.”

The Conservatives proposed a smart compromise on the Bill C-48 tanker ban — that the ban go into effect for most of the northwest coast where First Nations oppose tankers, but that a small tanker corridor be left open on the northern edge, where two First Nations are at least open to considering a new port and tankers. This would leave space for the possibility of building the Eagle Spirit pipeline from the oilsands of Fort McMurray to the B.C. coast. This project has the support of all 35 First Nations along that route, a historic business and reconciliation opportunity.

But the Liberals rejected the corridor compromise.

Numerous changes that would have made Bill C-69 less toxic to oil and gas investment were also rejected.

McKenna, who has never met a cold snap, a flood or a forest fire that didn’t foretell for her the end of times, frequently alleged during House of Commons debates on C-69 that the Conservatives were only doing the bidding of oil lobbyists, conjuring up some all-powerful and secretive “Oilluminati” with nefarious interests.

But whatever Canada’s oil and gas industry was in the past, or remains in McKenna’s dark imaginings, it now works hard to lower carbon emissions and deal fairly with Indigenous groups, while pushing for projects that create tremendous prosperity and lucrative government royalties and taxes.

I can’t imagine Albertans forgiving the Liberal party for at least a generation, even if TMX gets built some day. After all, it shouldn’t take a decade of legal wrangling and billions in government investment to expand an existing pipeline. The TMX process isn’t a success so much as it’s a signal of dysfunction.

As for the rest of Canada, once the full impact of McKenna-mania sinks in, these polices aren’t going to go over well there either.

We’re a measured people, as seen by the tremendous growth in support for pipelines in B.C. We want a country that is both prosperous and protects the environment. McKenna’s policy give us neither."


Redigert 26.06.2019 kl 19:39 Du må logge inn for å svare
26.06.2019 kl 22:31 3462

I gotta ask..

What "bill" will allow fracking Quebec?
27.06.2019 kl 07:09 3273

Heilt utrulig at det går an å bli så hjernedød som hu dere McKenna, men intet er så galt at det ikke er godt for noe...billige QEC aksjer og en snarlig død for Trudeau regjeringa.
MC Axel
27.06.2019 kl 22:02 2876

Fort St. John City Council continue to advocate they are against Bill C-48 and Bill C-69


JUNE 27, 2019 12:17 PM

"FORT ST. JOHN, B.C. – City Council has decided to take further action in advocating they disagree with Bill C-48 and Bill C-69.

The Resource Communities of Canada Coalition for Council asked Mayor Ackerman to pass a resolution calling on the Senate of Canada to reject Bills C-48 and C-69.

As the Coalition required the resolution prior to the next Council meeting, a Council Survey Poll was conducted by email on June 12th. With all Council members agreeing to the survey poll, Council agreed with sharing their opposition to Bills C-48 and C-69 through ratification of the Administration Report No. 0116/19.

- Advertisement -

Furthering the report, Council agreed a letter should be written and shared to MP’s, and Municipality Associations across Canada to show Council’s support of the resource sector and concerns for the Bills C-48 and C-69. Council recognizes the importance of the energy sector to our region. The release of the letter will be made public once it is available.



Sign up for the daily Energeticcity.ca email sponsored by the Black Diamond Group. Get the latest news sent directly to your inbox."


Pick Up
28.06.2019 kl 00:05 2699

What are you trying to prove by this? That Canadian oil- and gasindustry is in deep trouble?
What so ever Quebec is not part of it because they have renewable energy without any competition.
Redigert 28.06.2019 kl 09:51 Du må logge inn for å svare
28.06.2019 kl 09:14 2410

Hva skjer i denne aksjen? Er den full av shortere? Gikk nettopp kraftig opp på høyt volum, for deretter å dumpes ut til den nå er under det den var før oppgangen.

Høyt volum opp? Hverken høyt opp eller ned i min verden. Når vi etter hvert ser halvering av kurs og mer etter emisjoner så kan vi snakke om høyt volum.
28.06.2019 kl 09:47 2275

Formed bullish harami cross
Pick Up
28.06.2019 kl 16:46 2085

Dette er jo bare enda en grunn for Quebec i tillegg til mange andre for ikke å starte opp en ny fullskala gass- og oljeindustri fra grunnen av når de selv er en vannkraftprovins uten konkurranse.
Redigert 28.06.2019 kl 17:51 Du må logge inn for å svare

Merkelig rart at Hausera ikke ser at Qec ligger med brukket rygg og uten mulighet til å reise seg igjen. Dere bør oppsøke pastoren i Drammen og be han frelse både dere og Qec, eneste muligheten som står igjen ))
MC Axel
29.06.2019 kl 11:22 1449

Some good news

"Feds spend $275 million on $40-billion LNG Canada project, including cash to buy gas turbines

Derrick Penner

June 25, 2019 11:15 AM EDT"

"Ottawa is putting up $275 million in federal support for LNG Canada’s $40-billion liquefied natural gas development in Kitimat as an investment in “cleaner technology” to get Canadian resources to new markets.

The contribution will include $220 million to help LNG Canada buy more energy-efficient gas turbines to power its natural gas liquefaction plant, and $55 million to replace an aging highway bridge in Kitimat on the road that leads to the town’s industrial area.

Federal Finance Minister Bill Morneau travelled to Kitimat on Monday for the announcement, where he said the project, the largest private-sector investment in the country’s history, would diversify Canada’s trade, grow the economy and create middle-class jobs.

“It’s a vote of confidence in Canada’s resource industry and is good news for Canadians right across the country,” Morneau said in a written statement.

To B.C. Green party leader Andrew Weaver, however, the move is another burst of corporate welfare to subsidize the fossil fuel industry a week after Prime Minister Justin Trudeau’s government declared a climate emergency and re-approved the Trans Mountain Pipeline expansion.

“You wonder why Canadians are cynical about the way this government is dealing with the climate crisis,” Weaver said.

Government, however, is betting on being able to earn credit for helping countries displace more carbon-intensive energy with lower greenhouse-gas-emission LNG.

“LNG Canada’s facility will help bring a cleaner Canadian energy source to replace coal in some of the world’s fastest-growing economies,” said Navdeep Bains, the federal minister of innovation, science and economic development, whose Strategic Innovation Fund will put up the $220 million for the high-efficiency turbines.

LNG Canada CEO Andy Calitz said the payment will enable the company to develop “the lowest carbon content LNG for export in the world today.”

To Weaver, however, the spending is still a subsidy to what will become B.C.’s single-largest source for carbon dioxide emissions and one of Canada’s biggest, in addition to other tax breaks and support that the industry has received.

Renewable energy proponents have leaned on the LNG sector to electrify its process as much as possible to reduce the industry’s greenhouse-gas impacts.

Last fall, when LNG Canada announced its final investment decision, Clean Energy B.C. called on the province to “seize the opportunity to extensively electrify the existing fossil fuel infrastructure as much as possible.”

In a white paper, the organization, which represents B.C.’s private-power producers, argued that electrifying LNG, from drilling natural gas in the northeast to transporting it by pipeline for processing in Kitimat, could reduce total emissions of conventional LNG production by up to 65 per cent.

On Monday, Clean Energy B.C. executive director Martin Mullany said they understand that LNG Canada’s timelines are too short to electrify the process to compress and freeze natural gas.

B.C. Hydro wouldn’t have enough time to plan for, submit to an environmental review, then build an additional power transmission line to deliver the amount of electricity such a plant would need, Mullany said.

However, he argued there is still time to make sure the upstream natural gas drilling, processing and pipeline are powered by electricity.

“If the federal government wants to spend funds subsidizing a project where a final investment decision has been made, that is their choice,” Mullany said in an emailed response to questions.

“We think it would have been better spend on electrifying the upstream value chain, but perhaps it is not an either/or decision,” Mullany said. “Perhaps they intend to fund electrification as well.”"

MC Axel
29.06.2019 kl 11:24 1444

And more

"Two LNG projects inch closer to final investment decision after key deals

Nicholas Sokic

June 28, 2019 6:15 AM EDT

Last Updated June 28, 2019 6:33 AM EDT

Filed under:

Commodities  Energy

Share this Story

Two liquefied natural gas proponents on either side of Canada’s coastlines are inching toward final investment decisions for their projects after securing key deals.

On Thursday, Woodfibre LNG Export Pte Ltd. said it signed its first major deal to sell LNG to the trading unit of BP Plc. The energy giant will buy 0.75 million tonnes per annum of LNG over 15 years from the project based in Squamish, B.C., with first delivery expected in 2023.

The $1.6 billion project, being developed by Hong Kong-based Pacific Oil & Gas Ltd., has reportedly targetted a final investment decision this summer.

“Woodfibre LNG is a tremendous opportunity for British Columbia and Canada to get clean natural gas to growing markets in Asia,” said David Keane, president of Woodfibre LNG."


Pick Up
29.06.2019 kl 21:50 1224

Her snakker vi om gassprodusenter (!) Hva i all verden har dette på en Qec tråd å gjøre? Det må være vanskelig å finne gode nyheter som er direkte relatert til Qec's situasjon i Quebec.
Redigert 29.06.2019 kl 21:52 Du må logge inn for å svare