Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Friday, June 11, 2010

BP oil spill at your house


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If it was my home uses Google Maps and the current situation of the spill to show what the extent of the disaster would look like in your neck of the woods. Click and it will find you.
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The Exxon Valdez spill of 1989 was 41 million litres of oil. It can still be found under the sand.
US government scientists are now pegging the Gulf Oil disaster at an Exxon Valdez-size spill every 5 to 13 days, with more oil gushing into the sea in an hour than officials originally said was spilling in an entire day.
Woods Hole Oceanographic Institute estimates the spill at 3.8 million litres to 8 million litres per day.
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The Montreal Gazette reports that after a 16% dip on the NYSE Wednesday due to "concerns over BP's ability to meet mounting costs", shares rebounded by more than 12% yesterday "partly because of speculation that Petro-China, Asia's top oil and gas firm, was considering making a bid for BP."
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Meanwhile here in Canada, one of the provisions in the just-passed budget gives the environment minister the power to bypass environmental assessments on major projects he wants passed just as Enbridge insists it wants its Northern Gateway pipeline shipping tankers of tarsands oil to Asia via the BC port of Kitimat by 2016.

Last year Natural Resources Canada - Review of the Federal Moratorium on Oil and Gas Activities Offshore British Columbia was quietly amended with an "Errata" that read :
"the moratorium on oil and gas activities offshore British Columbia does not apply to tanker traffic"
and as regards the grandfathered BC offshore drilling exploration agreements awaiting negotiation and approval :
"The decision not to negotiate with industry to convert those permits is a pure policy decision. There is no statutory impediment to carrying out those negotiations."

If it was my home ...

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Tuesday, January 27, 2009

If the Liberals support this budget ....

A really strange thought crept in, ever so quietly.

If Michael Ignatieff directs his caucus to support the budget and to vote with the Conservative minority government, isn't that a recognition Stephen Harper is the best leader the Liberals never had?

On greed, incompetence and conflict of interest.

Linda McQuaig has articulated an opinion about the current economic debacle that is rarely expressed in current analysis about what happened and who is responsible.

Let's imagine, for a moment, how different the public debate would be today if it had been unions that had caused the current economic turmoil. In other words, try to imagine a scenario in which union leaders – not financial managers – were the ones whose reckless behaviour had driven a number of Wall Street firms into bankruptcy and in the process triggered a worldwide recession.

Needless to say, it's hard to imagine a labour leader being appointed to oversee a bailout of unions the way former Goldman Sachs CEO Henry Paulson was put in charge of supervising the $700 billion bailout of his former Wall Street colleagues. .... how odd it is that the financial community has emerged so unscathed, despite its central role in the collapse that has brought havoc to the world economy. ...

But so influential are those in the financial elite – and their hangers-on in think-tanks and economics departments – that they continue to appear on our TV screens, confidently providing us with economic advice, as if they'd played no role whatsoever in shaping our economic system for the past quarter century.

Of course, we're told there's been a major change in their thinking, in that many of them are now willing to accept large deficits in today's federal budget, in the name of stimulating the economy..... In fact, financial types have always accepted deficits – when they liked the cause. Hence their lack of protest over George W. Bush's enormous deficits, which were caused by his large tax cuts for the rich and his extravagant foreign wars.

What they don't like is governments going into deficit to help ordinary citizens – either by creating jobs or providing much unemployment relief. .... So the Canadian financial community has been urging that the stimulus package consist mostly of income tax cuts – even though direct government spending would provide much more stimulus and do more to help the neediest.

What they don't like is governments going into deficit to help ordinary citizens – either by creating jobs or providing much unemployment relief.
And if you had any doubts about Stephen Harper's agenda and whether he governs as our Prime Minister, to protect and serve the public interests and not the interests of the privileged, his recent appointment of Sheila Weatherill says it all.

Monday, January 26, 2009

Business as usual

Beyond their smoke-screen tactics of "leaking" information about the budget, Harper and Flaherty are likely to provide Big Business with some hefty corporate welfare. Brigitte Bureau at Radio-Canada has looked at some classic behind-the-scenes Flaherty maneuvering.
Le ministre fédéral des Finances, qui présentera son budget mardi, a récemment créé, pour le conseiller, un conseil consultatif sur l'économie, composé surtout de chefs d'entreprises. Les compagnies de quatre d'entre eux sont inscrites au Registre fédéral des lobbyistes, ce qui fait craindre à certains que les conseils offerts ne reflètent pas les besoins de l'ensemble de la population. Des onze membres nommés par Jim Flaherty à son conseil consultatif en décembre dernier, neuf sont des dirigeants d'entreprises. Les compagnies de quatre d'entre eux sont inscrites au Registre fédéral des lobbyistes. Il s'agit de Research In Motion, le fabricant du BlackBerry, Woodbridge Company, de la famille Thomson, Corporation Financière Power, de la famille Desmarais et J.D. Irving. Selon le registre, ces entreprises font du lobbying, entre autres auprès du ministère des Finances, notamment sur la question des impôts.
Basically 9 of 11 places on Flaherty's advisory committee are CEOs. Four of those corporations have registered lobbyists who have met the minister of Finance with the intent of securing tax breaks for their clients. So the orchestration of timely "leaks" from the inContinent Harpercrats may have been a strategy to divert attention away from the generous tax cuts that will be directed to the private sector.

At the other end of the country, Chrystal Ocean's radar has been tweaked, too.