They are investing $1.1 Billion and guaranteeing $4.2 Billion, the Billion will be in shares and the $4.2 will only happen if TC defaults, so your numbers really don't work in your hype.
Trans Mountain ‘pipeline is going to get built’: Trudeau dismisses B.C.’s bitumen ban
- Thread starter mentalfloss
- Start date
They are investing $1.1 Billion and guaranteeing $4.2 Billion, the Billion will be in shares and the $4.2 will only happen if TC defaults, so your numbers really don't work in your hype.
STANDARD hemerHOID LIE! Kenney is giving $1.1 billion -meaning a SMALL FRACTION of the total
They have to do something to keep that anti- Canadian oil money streaming in
Group of First Nations want to launch fight of Trans Mountain pipeline approval
Pretty much the same argument has there been enough sufficient consultation? I can't see this going anywhere besides trying to keep them relevant in the news
Group of First Nations want to launch fight of Trans Mountain pipeline approval
Pretty much the same argument has there been enough sufficient consultation? I can't see this going anywhere besides trying to keep them relevant in the news
True dat! Those rabid environmentalists really believe they can win something useful with Our idiot Boy
and his loser LIE-berals! Too bad LIE-berals have only that DYING minority govt to work with!
But aint it a HUGE RELIEF that Our idiot Boy DID NOT get away with his Power Grab - meaning the idiot did not get to shut down
and PARALYZE our parliament until December 2021!
Can you imagine the MESS HE COULD MAKE if he was free to act with no oversight for nearly TWO YEARS?
As you say - radicals are just trying to keep the cause alive!
And they are being aided by BIASED LIE-beral loving Cdn news media!
I agree that's why I said I can't see it going anywhere but keep them relevant in the news, and keep that anti-Canadian oil checks rolling in.
Now that they can qualify for Tator tots Corona aid, keeping the paid protestors employed is of the utmost importance.
Oh dear me! I greatly fear you are mistaken Cap! Once things return to normal - all old problems and issues
WILL BECOME NEW AGAIN! We have not heard the last of Grumpy Greta!
And there WILL BE MAJOR BATTLES over the Cdn oil patch - since Ottawa will need every penny of oil revenue it can get
to pay off those MASSIVE DEBTS! LIE-berals are already scheming and scamming to try to remake the world in their
GROSSLY BIASED IMAGE!
Here is an article that makes a mockery of the LIE-beral carbon tax SCAM and reveals that LIE-berals have failed to persuade us their scam tax is anything other than a GROSS Gravy Grab! With some comments of my own in brackets):
COVID-19 restrictions cut downtown Toronto pollution levels by almost half, researchers find
By Lisa Xing, CBC News
Published April 9, 2020
Researchers at the University of Toronto have discovered a substantial reduction in pollution levels in the downtown core since the province announced measures to curb the the spread of COVID-19, including shuttering schools and non-essential businesses.
(Isnt that wonderful that our air can be so easily cleaned - just by destroying our economy! This is of course the DIRTY SECRET that LIE-berals refuse to discuss - that our economy RUNS ON oil and killing off the Cdn oil patch as LIE-berals have long desired - will also kill our economy!)
(In related news - wind and solar power ARE NOT the answer as they are too erratic and unreliable! Both Germany and Spain got heavily into that mouldy green energy and Germany is now building natural gas fuelled generators and canning many of their UNRELIABLE wind generators! Here in Ontari-owe we MUST have a fully manned and fully powered up natural gas generator to back up EACH of our wind farms - so the RELIABLE gas generators can take over from erratic wind and solar power at a moments notice! It would be cheaper and more environmentally sound just to use the already fired up gas generators!)
(As for Spain - their environmentalists touted the value of “green jobs” and economists learned the HARD WAY that for each green job created - 2.5 old style jobs were KILLED OFF! Getting deeply involved in green power is a successful plan for CREATING MORE POVERTY in our economy!)
(Even worse - the carbon tax gravy grabbed by Cdn LIE-berals will be used to subsidize the already CARBON RICH lifestyles of our civil service union HOGS! Meaning the lives of ordinary people will BE DEVASTATED so that HOGS can continue on their filthy gas guzzling ways!)
(Poor people DO NOT own second homes, do not own 300 horsepower supercharged SeaDoos, do not own ATV`s, do not own 150 horse power bass boats, do not own riding lawn mowers that spew more pollution in 5 minutes than a modern car running on the highway for 30 minutes and most important of all - over one third of Cdns feel they CANNOT afford a holiday at all - thus poor people DO NOT join our HOGS on their lemming-like trips on gas guzzling jets flying to sunny beaches in January and poor people do not send their spoiled teens South during March Break!)
(As has been proven in the past - airplanes are the SINGLE BIGGEST producer of air pollution and the majority of passengers on those mechanized disease spreading sewers ARE HOGS - and LIE-beral govt has been BORROWING MONEY for decades to BUY HOG votes and to subsidize the carbon rich HOG lifestyle - borrowed cash enables PIGS TO FLY!)
(To save the remains of our economy and environment - we have only to CUT BACK on gravy for HOGS! There is NO REASON for the clerk marking your $150 dollar water bill as being paid to be earning one third MORE than the clerk toting up your $150 grocery bill!)
"A pandemic is not a good thing," said Greg Evans, director of the Southern Ontario Centre for Atmospheric Aerosol Research (SOCAAR).
"But seeing the change ... gives us a better understanding of the many factors that contribute to poor air quality."
The SOCAAR team analyzed the concentration of dozens of pollutants from air pulled directly from a duct off College Street in downtown Toronto for 24 days before March 13 and 24 days after.
(Uh huh - HOGS persist in their War on Cars! Why don’t they head out to Pearson Airport and check the air quality there - now there are so few flights? Oh - right - HOGS are convinced poor people can DO WITHOUT cars - but airplanes ARE ESSENTIAL for a “properly entitled HOG lifestyle”! And of course CARS ARE NEEDED by HOGS to travel to their country estates for rest and relaxation!)
The preliminary results provided to CBC News showed levels of nitrogen oxides and ultrafine particles, both indicative of vehicle pollution, have sharply decreased, a finding consistent with the reduction in traffic in the area.
"Both of them have dropped by about half," said Evans.
At this point, Evans says he isn't able to attach an exact percentage to the decrease because several factors affect the accuracy of that number, including the level of travel over March break and the onset of spring.
(Yes - the LIE-beral FIX is in - nobody wants to discuss HOW MUCH Toronto air pollution rates WOULD BOUNCE BACK - if the GTA airports all bounced back to full operation!)
Evans says the data his team compiled is more specific and detailed than pollution data from satellite imagery, which gives a big-picture view.
"We can get a picture of what's going on right now at a given location."
(Sure - and we ALREADY have details of how much air pollution levels dropped in the year after the 9/11 terror attack - during which time 25 percent of the worlds airline fleet WAS GROUNDED - with the result there was a MEASURABLE IMPROVEMENT IN AIR QUALITY! We CAN save our environment by the simple expedient of HALTING LIE-beral deficit financing since all that borrowed gravy ends up only in pockets of HOGS with that carbon rich lifestyle!)
It's too early to draw conclusions about the impact on carbon dioxide levels, according to Evans, because it's been in the air for so long — one molecule of carbon dioxide stays in the atmosphere for about 40 years, so a drop over just a few weeks "really doesn't make that much of a difference to overall levels."
As he collects more data, though, Evans said he may be able to draw more conclusions.
The findings don't come as a surprise to Evans, nor to Heather Marshall, campaigns director at the Toronto Environmental Alliance.
But Marshall says it's not necessarily good news to her.
"There's really no silver lining. We're facing a pandemic."
However, Marshall is hoping these figures will help inform government decisions and spending after the pandemic is over.
"We have to think about whether it's a bailout for the oil and gas sector, or an investment in other kinds of transportation that are zero emission or low emission."
(LIE-berals are being CAUGHT OUT HERE! They KNOW that more public transit will lure people out of their cars - but LIE-berals REFUSE to pay the price for that new transit! Buying more public transit would force LIE-berals to spend gravy on that transit and direct grsvy AWAY from LIE-beral vote buying schemes and thus reduce the ability of LIE-berals to cling to power AT ANY PRICE!)
(LIE-berals ARE RIGHT in one thing though - when they claim conservation of energy is a GOOD IDEA! SO WHERE are the LIE-beral INCENTIVES encouraging building contractors to significantly IMPROVE INSULATION LEVELS in the buildings they construct? More SPECIFICALLY - why do LIE-berals NOT offer home renovators incentive to substantially UPGRADE insulation levels in older homes?)
(LIE-berals of course DESPISE home renovators for their habit of driving up house prices with the added bonus that a lot of home renovators either operate partly or fully under the table thus depriving LIE-berals of sales and income tax gravy! And LIE-berals are angry with some home renovators for aiding organized crime to LAUNDER cash with real estate financial games!)
(LIE-berals CHOOSE NOT to waste their gravy on police enforcement of money laundering in our real estate markets as they cannot win votes from such costly legal enforcement! LIE-berals are SO DESPERATE for gravy that they will take whatever sales tax the criminal book keepers care to offer up and LIE-berals will FORGET the rest!)
Construction of expanded Trans Mountain pipeline to begin soon in B.C.
Chop, chop China is getting impatient to get their Oil
Chop, chop China is getting impatient to get their Oil
More on same:
Supreme Court rejects Indigenous challenge to Trans Mountain pipeline approval
https://globalnews.ca/news/7131113/...erNational&utm_medium=Email&utm_campaign=2020
This has been dragging out long enough.
I have said all along that blood will be spilled if that construction happens.
It won't be a surprise.
Well here's an interesting angle:
Who’s Insuring the Trans Mountain Pipeline?
A new campaign is demanding these companies respect Indigenous rights and drop their coverage
https://www.commondreams.org/views/2020/07/04/whos-insuring-trans-mountain-pipeline
Rainforest Action Network recently uncovered a document that lists the 11 companies that are currently insuring the controversial Trans Mountain tar sands pipeline in Canada. These global insurance giants are providing more than USD$500 million in coverage for the massive risks of the existing Trans Mountain pipeline, and they’re also lined up to cover the expansion project.
The existing Trans Mountain pipeline is a major environmental and public health hazard with a long history of disastrous spills. Earlier this month, 50,000 gallons of crude oil spilled from a pump station located above an aquifer that supplies the Sumas First Nation with drinking water.
The Trans Mountain Expansion Project would multiply these risks tremendously. Though it is officially called an “expansion,” this is no minor renovation. The Canadian government, which owns Trans Mountain, is attempting to build a parallel pipeline that would ship more than 890,000 barrels per year of highly-polluting tar sands crude oil to the coast of British Columbia.
For more than a decade, the expansion of Trans Mountain has been delayed in the face of powerful, Indigenous-led resistance on the ground and in the courts. It has not secured the Free, Prior, and Informed Consent of Indigenous communities that are directly in the pipeline’s route. Right now, the Tsleil-Waututh Nation, Squamish Nation, and Coldwater Indian Band are actively engaged in legal challenges on the project, and land defenders are asserting their rights and title along the route.
Furthermore, pushing forward this project flies in the face of Canada’s commitment to cut emissions in line with the Paris Agreement. To keep global warming under 1.5ºC, we must stop expanding tar sands – and all fossil fuels – and instead invest in a just transition to phase out existing operations.
In the midst of the COVID-19 crisis, the government and corporations are doubling down on their destructive plans to build new fossil fuel projects. Bulldozers that are laying the initial pipe on Trans Mountain have not quieted, even though this construction poses major risks to Indigenous and rural communities in its path, as well as workers that are housed together in close quarters. In Alberta, viral outbreaks have been linked to man camps at tar sands extraction sites, and yet the province’s energy minister proclaimed that now is a great time to construct a pipeline, due to social distancing protocols that limit public protest.
The risks of these pipelines are so great that under federal law, the current pipeline and its expansion are not able to transport any oil without insurance. So if we can stop the flow of insurance money, we can stop the flow of oil.
We’re ramping up the pressure on the insurance companies that are providing critical financial support.
Who’s insuring the pipeline? (2019-2020)
Here’s the list of insurance companies that are providing coverage from August 2019 through August 2020:
Zurich (Switzerland)
Lloyd's (UK)
Liberty Mutual (US)
Chubb (US)
AIG (US)
WR Berkley (US)
Starr (US)
Stewart Specialty Risk Underwriting (Canada)
Energy Insurance Mutual (US)
Temple Insurance (Germany), a Canadian member of the Munich Re group
HDI (Germany), which is owned by Talanx / Hannover Re
These insurance policies are being arranged by the biggest insurance broker in the world: Marsh. Fun fact: Marsh is also currently under fire for facilitating insurance for the Adani Carmicheal coal mine in Australia.
Trans Mountain’s insurance policy is up at the end of August, so we are urgently calling on these companies to:
Publicly commit to not renew their insurance policy for Trans Mountain for 2020-21;
Moving forward, rule out insurance for all tar sands extraction and transport projects and companies;
Adopt a policy to ensure that projects and companies they insure have obtained the Free, Prior, and Informed Consent of impacted communities.
We’ve made some progress. In late June, Talanx indicated that it already dropped the pipeline, and Munich Re signaled that it will not renew its policy. These two German insurers recently adopted policies restricting tar sands business.
A global coalition of environmental NGOs, First Nations, and insurance campaigners is demanding that the rest of Trans Mountain’s insurers follow suit and stop being complicit in the violation of Indigenous rights, spread of COVID-19, and the desecration of sacred waterways and the global climate.
Who’s Insuring the Trans Mountain Pipeline?
A new campaign is demanding these companies respect Indigenous rights and drop their coverage
https://www.commondreams.org/views/2020/07/04/whos-insuring-trans-mountain-pipeline
Rainforest Action Network recently uncovered a document that lists the 11 companies that are currently insuring the controversial Trans Mountain tar sands pipeline in Canada. These global insurance giants are providing more than USD$500 million in coverage for the massive risks of the existing Trans Mountain pipeline, and they’re also lined up to cover the expansion project.
The existing Trans Mountain pipeline is a major environmental and public health hazard with a long history of disastrous spills. Earlier this month, 50,000 gallons of crude oil spilled from a pump station located above an aquifer that supplies the Sumas First Nation with drinking water.
The Trans Mountain Expansion Project would multiply these risks tremendously. Though it is officially called an “expansion,” this is no minor renovation. The Canadian government, which owns Trans Mountain, is attempting to build a parallel pipeline that would ship more than 890,000 barrels per year of highly-polluting tar sands crude oil to the coast of British Columbia.
For more than a decade, the expansion of Trans Mountain has been delayed in the face of powerful, Indigenous-led resistance on the ground and in the courts. It has not secured the Free, Prior, and Informed Consent of Indigenous communities that are directly in the pipeline’s route. Right now, the Tsleil-Waututh Nation, Squamish Nation, and Coldwater Indian Band are actively engaged in legal challenges on the project, and land defenders are asserting their rights and title along the route.
Furthermore, pushing forward this project flies in the face of Canada’s commitment to cut emissions in line with the Paris Agreement. To keep global warming under 1.5ºC, we must stop expanding tar sands – and all fossil fuels – and instead invest in a just transition to phase out existing operations.
In the midst of the COVID-19 crisis, the government and corporations are doubling down on their destructive plans to build new fossil fuel projects. Bulldozers that are laying the initial pipe on Trans Mountain have not quieted, even though this construction poses major risks to Indigenous and rural communities in its path, as well as workers that are housed together in close quarters. In Alberta, viral outbreaks have been linked to man camps at tar sands extraction sites, and yet the province’s energy minister proclaimed that now is a great time to construct a pipeline, due to social distancing protocols that limit public protest.
The risks of these pipelines are so great that under federal law, the current pipeline and its expansion are not able to transport any oil without insurance. So if we can stop the flow of insurance money, we can stop the flow of oil.
We’re ramping up the pressure on the insurance companies that are providing critical financial support.
Who’s insuring the pipeline? (2019-2020)
Here’s the list of insurance companies that are providing coverage from August 2019 through August 2020:
Zurich (Switzerland)
Lloyd's (UK)
Liberty Mutual (US)
Chubb (US)
AIG (US)
WR Berkley (US)
Starr (US)
Stewart Specialty Risk Underwriting (Canada)
Energy Insurance Mutual (US)
Temple Insurance (Germany), a Canadian member of the Munich Re group
HDI (Germany), which is owned by Talanx / Hannover Re
These insurance policies are being arranged by the biggest insurance broker in the world: Marsh. Fun fact: Marsh is also currently under fire for facilitating insurance for the Adani Carmicheal coal mine in Australia.
Trans Mountain’s insurance policy is up at the end of August, so we are urgently calling on these companies to:
Publicly commit to not renew their insurance policy for Trans Mountain for 2020-21;
Moving forward, rule out insurance for all tar sands extraction and transport projects and companies;
Adopt a policy to ensure that projects and companies they insure have obtained the Free, Prior, and Informed Consent of impacted communities.
We’ve made some progress. In late June, Talanx indicated that it already dropped the pipeline, and Munich Re signaled that it will not renew its policy. These two German insurers recently adopted policies restricting tar sands business.
A global coalition of environmental NGOs, First Nations, and insurance campaigners is demanding that the rest of Trans Mountain’s insurers follow suit and stop being complicit in the violation of Indigenous rights, spread of COVID-19, and the desecration of sacred waterways and the global climate.
Talanx Group dropping support for Trans Mountain pipeline
https://www.insurancebusinessmag.co...pport-for-trans-mountain-pipeline-226532.aspx
Talanx Group, the name behind both Hannover Re and HDI, has dropped its support for Canada’s Trans Mountain pipeline, according to emails to Canadian NGO Stand.earth, revealed by campaign group Insure Our Future (formerly Unfriend Coal).
Now, the campaign group has suggested that Munich Re could follow.
Subsidiaries of both Talanx and Munich Re were named on Trans Mountain’s certificate of insurance – they are among 11 companies offering $508 million of liability insurance for the 12-month period up to August 31, 2020. However, the emails suggest that Talanx actually pulled out of the project in 2019 – and HDI Global SE, which was listed as providing $85 million in cover jointly with other insurers, was wrongly listed. The group has been limiting its tar sands underwriting since this year.
Meanwhile, Munich Re is said to be reviewing its support after adopting a new policy on tar sands this year – it rules out insuring tar sands extraction projects and dedicated tar sands infrastructure, including pipelines.
“Talanx and Munich Re are joining some of the world’s largest financial institutions in steering clear of the oil sands sector. Trans Mountain is one of most controversial energy projects in Canada’s history, which is why a mounting list of insurers refuse to back the project,” said Sven Biggs, Canadian oil and gas programs director at Stand.earth.
Now calls are being made by the campaign group for other insurers to follow suit.
“Trans Mountain put in the existing line without the consent of impacted First Nations and we have said ‘no’ countless times to the proposed expansion. As Indigenous peoples we are stewards of our lands and waters. We have jurisdiction over activities that happen in our territories, and we don’t want them ruined by oil spills,” said Kukpi7 Judy Wilson, Secretary-Treasurer of the Union of British Columbia Indian Chiefs and Chief of the Neskonlith Indian Band. “We will continue to advocate against the insurers that continue to back the Trans Mountain pipeline and its expansion and call on all insurance companies to adopt policies stopping fossil fuel expansion.”
Currently, eight global insurers have implemented policies to limit or end insurance coverage for tar sands, including: AXA, AXIS Capital,
Generali, The Hartford, Munich Re, Swiss Re, Talanx, and Zurich.
https://www.insurancebusinessmag.co...pport-for-trans-mountain-pipeline-226532.aspx
Talanx Group, the name behind both Hannover Re and HDI, has dropped its support for Canada’s Trans Mountain pipeline, according to emails to Canadian NGO Stand.earth, revealed by campaign group Insure Our Future (formerly Unfriend Coal).
Now, the campaign group has suggested that Munich Re could follow.
Subsidiaries of both Talanx and Munich Re were named on Trans Mountain’s certificate of insurance – they are among 11 companies offering $508 million of liability insurance for the 12-month period up to August 31, 2020. However, the emails suggest that Talanx actually pulled out of the project in 2019 – and HDI Global SE, which was listed as providing $85 million in cover jointly with other insurers, was wrongly listed. The group has been limiting its tar sands underwriting since this year.
Meanwhile, Munich Re is said to be reviewing its support after adopting a new policy on tar sands this year – it rules out insuring tar sands extraction projects and dedicated tar sands infrastructure, including pipelines.
“Talanx and Munich Re are joining some of the world’s largest financial institutions in steering clear of the oil sands sector. Trans Mountain is one of most controversial energy projects in Canada’s history, which is why a mounting list of insurers refuse to back the project,” said Sven Biggs, Canadian oil and gas programs director at Stand.earth.
Now calls are being made by the campaign group for other insurers to follow suit.
“Trans Mountain put in the existing line without the consent of impacted First Nations and we have said ‘no’ countless times to the proposed expansion. As Indigenous peoples we are stewards of our lands and waters. We have jurisdiction over activities that happen in our territories, and we don’t want them ruined by oil spills,” said Kukpi7 Judy Wilson, Secretary-Treasurer of the Union of British Columbia Indian Chiefs and Chief of the Neskonlith Indian Band. “We will continue to advocate against the insurers that continue to back the Trans Mountain pipeline and its expansion and call on all insurance companies to adopt policies stopping fossil fuel expansion.”
Currently, eight global insurers have implemented policies to limit or end insurance coverage for tar sands, including: AXA, AXIS Capital,
Generali, The Hartford, Munich Re, Swiss Re, Talanx, and Zurich.