|Gordon Gibson: The Nailer|
If you are a politician, or work with any political party –federal or provincial or municipal – you should definitely read the succinct, well-written and politically significant articleby Gordon Gibson in the Globe & Mail, entitled Enough with pipelines. Refine it.
There is a win-win-win response to all of this, if any national political party has the savvy to step up. The public opposition is really against pipelines to export bitumen and the response is simple: Refine the bitumen in Canada.
The politics are simple. Most Canadians think adding value in our own country to our own resources is a good thing. And it would add a lot – a lot – of jobs and taxes. Tick.
Refining bitumen onshore eliminates the widespread worry about tankers carrying the heavy substance running aground and fouling the seas. Refined products (such as gasoline and diesel) evaporate if spilled. Tick.Some such refining capacity already exists in Quebec (using foreign oil), a plus for Energy East. More could be built in New Brunswick. Well-developed plans exist for a 150,000-barrel-per-day refinery in Sarnia, by the Bowman Centre. Labour groups have funded a study that says a new refinery in Alberta would be economic. In B.C., David Black’s huge plan for 500,000 bpd at Kitimat is well advanced and there are two other new proposals.The markets and the business plans are there, as are the technology and the feedstock. The remaining piece is the finance. In each case, proponents say, all that’s required is a government guarantee of some of the debt. Equity financing looks feasible.This could be a problem-solver and a nation-builder. And no new oil is added to the planet – just a displacement of foreign oil. Earth to Ottawa.
It is time for nation-builders to take over in Ottawa.
Dear Readers: Let this be a warning to be very careful where you go on vacation, and then make sure you have proper insurance! A dream vacation has turned into a financial nightmare for one Saskatchewan couple, after a mom-to-be gave birth while on holiday in Hawaii. Jennifer Huculak and her husband have been saddled […]
Mark Carney, present Bank of England governor, former Bank of Canada governor thinks we’re in a fossil energy price bubble. If the world reaches a global climate deal, fossil fuel reserves are "unburnable" and therefore pretty much valueless. Indeed, divestment is already fast catching on.If this happens, the Tar Sands, Canada’s single economic bet, becomes nothing more than icky oily sand of use