Albertaās oil and gas companies have figured out how to pull off Ā
{"this is absolutely killing Canada,ā}
Western oil sands bitumen have fallen so far that many Canadian producers areĀ
āThey donāt have to even upgrade or refine any of our heavy crude.Ā
All they do is put it through a pipeline to the USA.
Put it on a tanker or ship it back to usĀ at Full Market Price
It's Bankruptcy in Canada and Incredibly Profitable in USA
Yet Suncor, CNRL, Cenovus, Imperial and Husky have remainedĀ Canada has all this Oil,Ā Deposit #3Ā (production #6)
Most of the benefits go to Foreign Entities and Big BusinessesĀ
Ā Investors only care about their bottom lineĀ they do not live here so
Today the Alberta Tar Sands have been dubbed the largest And most destructiveĀ Industrial project in human history
The government has only collected $1.6 billion in liability security from companies so the governing Alberta NDP and the official Opposition
Granted Owners until after 2100 to figure out how to clean up their tailings and reclaim the land.
Stephen Harper signed treaties with China to insure that China got a pipeline build one is called the
We already have a pipeline toĀ
Because of "Air Barrels"
āVirtually no exports go to any markets other than the U.S.,āĀ
The government estimates Alberta is losingĀ
$80 million a day due to discounts, [To Fight "Air Barrels"]
Rachel Notley said Alberta is buying train cars Ā Ā Ā Ā [To Fight "Air Barrels"]
When Oil & Gas production goes up, royalties go down
1 / We're going to work to make sure that we're creating a system
2 / Where Canadians have no say over the pipeline or oil sands
3 / Where you don't have to pass a law to get a pipeline built,Ā
4 / You don't have to buy an energy project in order to de-risk it,
Oil and gas companies owe Albertans $20 million in unpaid land rents
Landowners apply to a government tribunalĀ ,
The Government steps in and pays the rent using taxpayer money.Ā
Rather than creating money through the Bank of Canada interest-free.
Canadian taxpayers have paid over ($1,100,000,000,000) in interest ,
Essentially a payment of interest on interest on interest on the federal debt to Ā Ā Ā Ā Ā Ā Ā
The Private SectorĀ
To understand how ridiculous the present situation is,Ā
Consider the Auditor General of Canada reportĀ
That this is insane this has to end
