Once this odd quest to outlaw oil exploration into oblivion is accomplished, the world will be left with few options.
Get it from unreliable, insane, extremely murderous places like Saudi Arabia.
Or easy going, non-threatening Canada.
Is this hard, or am I missing something?
Note: Figures are shown on a **per percentage point working interest in Syncrude** basis:
Suncor paid COS shareholders 3.6933 million SU shares and took on approx. C$60 million in COS debt per percentage point WI.
It paid Murphy C$187.4 million in cash per percentage point WI ....and this deal was faster, quieter, cleaner, and didn't waste a king's ransom in bankers and lawyers fees.
But you're appeal fell on the deaf ears of brain-dead fools. The Canadian government wants to punish, persecute and cripple Canadian railways ---- despite being the best economic story to come out of this financial backwater in the past 25 years ---- because grain farmer lobbyists bought and paid to have them wrapped around their fingers.
Meanwhile, Bombardier, the world's longest running government welfare corporation wannabe waits yet another billion dollar taxpayer infusion...so it can keep getting contracts for more unwanted products that don't get delivered on time.
Fools and crooks.
Bruce Campbell, a visiting fellow at the University of Ottawa's law department, said the government has a responsibility to be more transparent about the disaster and the settlement.
Campbell, who has studied and written about the derailment, noted that Ottawa was open about its $60-million commitment to the town a couple of weeks after the crash.
"This is the taxpayers of Canada that are paying the shot here, but I think, perhaps, the greater obligation is to the people of Lac-Megantic," said Campbell, who's on leave from his role as executive director of the Canadian Centre for Policy Alternatives think tank.
"Whatever (the government) contributed, it's disinclined to admit any role in this, even though I think the Transportation Safety Board did say it played a role, that there was causality there."
The TSB's 2014 report on the accident said Transport Canada failed to recognize MM&A had urgent safety problems and was not following the rules."
Note : Transport Canada actually gave MM&A special (and apparently unique) permission to skirt normal operating rules in an effort to help save it money, including running trains with just one crew member.
And in a continuing saga of painting railways as "bad guys", the government completely ignored the recommendations of a well respected former minister tasked with reviewing the country's insane grain shipping regulations.
The Canuckistan government's boy king proudly proclaimed yesterday that it will never pay any ransom for Canadians held hostage. What a marvelous thing, being guided so strictly by deeply held "principles"!
But here's a CTV news story from today:
"The federal government used taxpayer money to shield itself from lawsuits related to the deadly Lac-Megantic rail disaster -- but it's refusing to say how much it paid.
Ottawa denies any legal responsibility for the fiery 2013 oil-train derailment that killed 47 people, even though it was released from liability by contributing to a $460-million settlement fund for victims and creditors affected by the crash.
At least two of the other 24 other settling parties accused of wrongdoing connected to the accident have disclosed how much it cost them to avoid potential damages and legal fees.
So far, the Liberal government is staying mum.
"That's a classified amount, but we made a contribution because we felt that it was important," Transport Minister Marc Garneau said Wednesday in Toronto when asked about the settlement.
"We don't acknowledge that we had any responsibility; however, we did want to make a contribution because of the impact of this terrible tragedy in Lac-Megantic."........
An interesting stance, being such a government of principle. The Canadian government was a complicit, major actor in the Lac Megantic debacle, and has spent the past 4years, and everyone else's money, buying their way out of their culpability.
So : No ransom money for the lives of unlucky people who get kidnapped......but endless pots of 'hush money' to save our sorry RRRSSes if we're the ones who get innocent people killed..
Disgusting hypocrites and incompetents.
You're not allowed to say that stuff here.
Besides, after the merger shi+show I just witnessed, I would more likely bet on the feds kicking the can down the road by completely flip flopping on this issue, and subsidizing the extraction of coal for another decade. It has been show to be a completely gutless, corrupt, vote-buying pile of flaccid BSers.