While many bemoan the fate of the Teck Resources Frontier tarsands project as yet another example of restrictive regulatory measures, others, as the following letter from the print edition of the Toronto Star suggests, say its death makes perfect corporate sense. Free market now realizes carbon reserves best left alone
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Susan on the Soapbox: Teck Withdraws the Frontier Application
Let’s try to have a sensible conversation about Teck, shall we? On Sunday, Feb 23, 2020 Teck Resources Ltd pulled its application for the Frontier oil sands project. The federal government was supposed to give Frontier the green light, or not, on Tuesday. Jason Kenney blames the feds, saying “It
Continue readingAlberta Politics: This just in! Stable Reliable Liberal Democracy of Alberta suddenly adopts social license strategy for fossil fuel development
We interrupt this blog with an important bulletin from the Stable Reliable Liberal Democracy of Alberta! In an unexpected move, Alberta Premier Jason Kenney has announced he will seek social license for new energy projects in the Canadian province. Alberta Premier Jason Kenney (Photo: David J. Climenhaga). How unexpected was
Continue readingSusan on the Soapbox: The Teck Decision Provides a Lesson on Handouts
For a long time Ms Soapbox has been trying figure out what Mr Kenney and the UCP mean when they talk about a “hand up” and a “handout”. She knew from the context that a “hand up” was good and a “handout” was bad, but she was never quite sure
Continue readingSusan on the Soapbox: Why Is It Always Someone Else’s Fault?
When Jason Kenney convinced Albertans that our economy is solely dependent on fossil fuels (diversification is a luxury, remember) and government policy, not the global marketplace, drives our economy; he needed a scapegoat when our economy failed to grow. Cue Rachel Notley and Justin Trudeau, although with the passage of
Continue readingViews from the Beltline: Is This the Line in the Sand?
Crunch time. How far will Trudeau go to placate Alberta? Premier Kenney may just have drawn the line in the sand. He has said that the federal government faces a stark choice. It can either approve Teck Resources’ Frontier Mine or risk leaving the country’s oil industry “with no way
Continue readingAlberta Politics: Documents show B.C. ‘Climate Leadership Plan’ was cooked up in Calgary boardroom of powerful petroleum industry lobby
PHOTOS: British Columbia’s beautiful Legislature Building in Victoria – not, as it turns out, where the province’s climate policy is set! Below: CCPA-BC’s Shannon Daub, former B.C. Liberal premier Christy Clark (Photo: Wikimedia Commons), B.C. NDP Premier John Horgan, and environmentalist Tzeporah Berman. Using documents obtained through a Freedom of
Continue readingNorthern Insight / Perceptivity: Changes inevitable for Teck Resources
Teck Resources and its associates invested more than $2.25 million in contributions to political friends in British Columbia. That was a good deal for BC Liberals but, whether or not it benefited shareholders – the largest of which are Sumitomo Metal Mining Co., China Investment Corporation and Blackrock Inc. –
Continue readingNorthern Insight / Perceptivity: Sorry poor people, we have other priorities
Source: British Columbia Public Accounts Source: British Columbia Public Accounts Clearly, government revenues from natural resources have declined substantially in recent years. This is in spite of rising metals and minerals prices and growth in production volumes. Here is an example. Source: BC 2014 Financial and Economic Review In any
Continue readingCarbon49 - Sustainability for Canadian businesses: The Greenest Companies Consistently Outperform Markets
Apple, BMW, LG, HP, Coca-Cola, and Walmart are among the 187 companies cited by non-profit Carbon Disclosure Project for doing the most to combat climate change. These green warriors also outperform the Bloomberg World Index. Five Canadian companies made this elite group. I find out how their stock prices compare to
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