Showing posts with label Alberta Pension funds. Show all posts
Showing posts with label Alberta Pension funds. Show all posts

Monday, June 29, 2020

Kenny's wonder plan- simply not so!

Pipeline XL-East is to revamp an existing natural gas pipeline to move oil to Nova Scotia.  Irving oil will receive it and ship it by the ocean to supply Cushing Ill.  Same as the rail cars are now doing.

I haven't heard of any of the other provinces allowing it to cross!  Notably, Quebec who continues to refuse it.

The money to finance this will come from AIMCo again which shows how irresponsible the UCP actually are.

Why? So they can short shipments through the Transmountain pipeline as the US does not want us shipping off our west coast and there are no markets other than Cushing Ill. available to us on our east coast.

The thousands of jobs he is talking about will probably not be Alberta and will be in the hundreds.

The US is self-sufficient in oil supplies now!  This will simply be an exercise to drain pension funds.

Like his first two tries, this one has the political feature of pitting the Government CPP (Trans Mountain Pipeline) with the Alberta Government pension funds in Aimco (Energy East)

Tuesday, May 26, 2020

Kenny trying once again to Kill Trans Mountain expansion!

The new, proposed pipeline to the Dakota Border is another direct assault on the Trans-Mountain expansion.  The move burns up pension funds with no market insight!  Think of the future arguments, the Canada Pension Fund (Trans-Mountain Expansion) and the Alberta public Pension funds (AIMCo) going head to head on a limited resource.  The UCP will argue it is the Fed who are putting the public pensions at risk, not the Conservatives.   It is advertised to the Dakota Border, not across it. This is to avoid crossing a border giving the Feds authority. A US company will pick it up on the south side of the border.

More important, there is no mention of the diameter of the pipe or the product it is to move.  This brings forward the Spectre of the Weatherford Project, named after the company that designed it.  The purpose is to move 2/3 the flow of the Peace River to the  US Dakota border.  With 1/3 left the river will die. 

The US is self-sufficient in oil! Obama built 12000 miles of a new pipeline to make this happen.  https://albertathedetails.blogspot.com/2018/11/the-pipeline-conundrum.html

https://albertathedetails.blogspot.com/2008/03/bitumen-and-plenty-of-jobs-heading.html

https://albertathedetails.blogspot.com/2013/02/bubble-warnings-ignored.html

AS well, Kenny's move to sell the campgrounds strip mine coal is not new, a page out of Klein's history https://albertathedetails.blogspot.com/2009/08/alberta-history-3-camp-grounds-and.html


Older Posts a> Home