Wednesday, September 5, 2012

Serving the real masters

"Royal Dutch Shell PLC has begun construction on a $1.35-billion project to capture and bury greenhouse gas emissions, the first of its kind to sequester carbon from Canada’s oil sands. The project is largely funded by government..."
So, under rules of our current corporatocracy, foreign private enterprises are welcome to extract this country's natural resources and earn massive profits without risk, in markets dominated by a handful of players. However, if the extraction results in harm, Canadian taxpayers are on the hook for remediation.

By the way, Shell's gross income is almost $10 billion a week. It competes with ExxonMobil for rank as the world's largest corporation, by revenue.

Canadian Conservatives determine the public shall pay a single proect subsidy near $900 million to an extravagantly wealthy European oil company with an unsavoury record of bribing public officials.

Meanwhile, the lives of coastal mariners will be at risk when the Tory government closes Canada's busiest Coast Guard rescue station. Reason? No money. At least no money to serve people who don't hire legions of lobbyists.
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3 comments:

  1. No comments? No wonder!

    This tidbit of information has left me speechless! And horrified! We talk of Canada benefiting to the tune of hundreds of millions from the Tar Patch...over 30 YEARS! And ONE of the dozens? of companies involved are raking in 10 BILLION per WEEK!!!!
    I'm at a loss for words!

    ReplyDelete
  2. Interesting to hear that the federal government has not even bothered to reply to letters from Vancouver's mayor about closing the Coast Guard base in Kitsilano.

    ReplyDelete
  3. How about this idea for capturing and sequestering carbon: plant trees!

    What a ridiculous waste of money and energy.

    ReplyDelete

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