Tweet

Canadian Prime Minister Stephen Harper is in China this week to meet with Chinese leaders about how both countries can profit big by exploiting China’s shale gas reserves, as well as by importing Canadian tar sands oil. Harper is scheduled to meet with both Chinese officials, as well as heads of oil and gas companies during his four-day visit to the country.

More on the specifics of who will be attending these meetings, from Reuters Canada:

During his trip Harper will meet President Hu Jintao and Premier Wen Jiabao as well as two important regional players - Chongqing Communist Party chief Bo Xilai and Wang Yang, the chief of Guangdong province.

The Canadian mission, which will arrive in Beijing on Tuesday, is the largest of its kind since 1998. Guests include top executives from Shell Canada, Enbridge and Canadian Oil Sands as well as uranium producer Cameco Corp and mining firm Teck Resources Ltd.

Other firms include plane and train maker Bombardier Inc, Air Canada, Eldorado Gold Corp, SNC-Lavalin Group Inc, Canfor Corp and West Fraser Timber Co Ltd.

After the United States’ rejection last month of the Keystone XL pipeline, Canadian officials are hoping to reap a profit in the world’s largest emerging market. But any energy trade deals would certainly benefit both sides, as just last week PetroChina, parent of China’s largest oil producer, purchased a 20% stake in a Canadian shale gas project being run by Royal Dutch Shell.

Chinese oil companies are hoping that their cooperation with Shell and the Canadian government will help them use these valuable resources to teach officials more about the process of extracting shale gas, mostly through fracking.

Just last year, with some financing through other Chinese oil companies, Shell invested more than $400 million in Chinese shale gas projects, which included the drilling of at least 15 different shale extraction wells.

Tweet

We are living in difficult times. The ongoing economic crisis started by the 2008 Sub-Prime Mortgage Scandal has all of us thinking about our future. We are vulnerable to unethical appeals to our anxiety in the form of quick fixes and easy profits. The promise of "Ethical Oil" is the worst of these appeals. We have to resist. Even more, we have to take decisive actions that the current leadership will not. To quote a famous man, we have an ordeal before us of the most grievous kind and we need a new generation of leadership to tackle it. We need the next Great Generation.

In 2008, world financial markets collapsed in dramatic fashion due to unethical investment practices, particularly in the previous five years. Toxic subprime mortgages had been injected like a virus into securities like Collateralized Debt Obligations (CDOs). Investment banks around the world were in on this scam and kept pushing it far beyond the point where it was obvious something had to give. Last year, the U.S. Financial Crisis Inquiry Commission concluded:

"the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels.“

Tweet

As the Northern Gateway Pipeline Project Joint Review Panel begins hearing over 4,000 comments submitted by community members, First Nations, governments, and environmental groups, the tar sands front group EthicalOil.org has launched its latest PR offensive in support of the pipeline. OurDecision.ca, the new astroturf ad campaign, is another dirty PR attempt to undermine the real and growing grassroots opposition to Big Oil’s plans to ram through this destructive pipeline. 

The controversial Northern Gateway project is opposed by 70 First Nations and a majority of British Columbians, who fear the inevitable oil spills that will accompany tar sands expansion, and in particular the threat of offshore tanker accidents on BC’s coast.

Viewers of Ethical Oil’s disingenuous new ad campaign aren’t being told about the intricate web of industry influence peddlers behind the effort and their connections to the Harper government and oil interests. In the middle of this web is Hamish Marshall, a Conservative strategist deeply connected to oil interests as well as both the Conservatives and ultra-right wing Wildrose Alliance Party. In this case, the lines between politics and big business interests are so blurred, it is nearly impossible to distinguish them.

Tweet

Earlier this week, Canadians flocked to the polls for the fourth time in 7 years. This time around, the election was triggered when the minority government led by Conservative Party leader Stephen Harper was found in contempt of parliament in March for failing to release information related to the costs of proposed crime legislation and the purchase of stealth fighter jets.

From the moment the election was announced, Harper derided it as ‘unnecessary’, and ‘unwanted’ even though public polling clearly indicated widespread displeasure with his handling of the economy, public programming including programs for women, the environment, and for proroguing parliament twice. After the 2008 election, when voter turnout was the lowest in Canadian history (59% overall, and a dismal youth turnout of 37%), people wondered if this so-called ‘unwanted’ election would fail to motivate voters to the polls.

While pundits and pollsters made their best guesses leading up to election day, no one correctly anticipated the outcome. With just under 40% of the vote, the Conservatives finally won the majority they have coveted since ascending in 2006. The New Democratic Party (NDP) won 102 seats and formed the official opposition for the first time in history. The Liberal Party was reduced to a mere 34 seats, and the Bloc Quebecois lost 90% of its seats to end up with 4. On the positive side, Green Party candidate Elizabeth May won her party’s first seat in North American history.

Of the 14 closest ridings that Conservatives won seats, the combined margin of victory in all those ridings was 6,201 votes. That means the real difference between a Harper minority and majority was just over 6,000 votes. While 5.8 million people voted for Stephen Harper, another 9 million – the ‘real majority’ – voted for change. But, with his new majority, Harper no longer has to worry about impediments to his extreme ideology; he can ram his anti-science, pro-polluter agenda down the throats of the Canadian public. That spells trouble for Canada’s environment, and it’s especially bad news for the global climate.

Tweet

A number of Canadian environmental policies and programs are facing significant budget cuts during the next year. Not surprisingly, reducing carbon emissions and air pollution are two of the areas facing the budget axe from Stephen Harper’s anti-science administration.

Environment Canada will endure a 14% reduction in funding (or $222 million) and the budget to combat global warming emissions and other air pollution will drop a massive 59% (from $240 million to below $100).

Tweet

Today, Vancouver Quadra Liberal MP and former B.C. Environment Minister Joyce Murray introduced legislation in Canada’s House of Commons that would formally ban oil tanker traffic in B.C.’s North Coast.  Bill C-606 comes days after a successful House of Commons motion demonstrated support for a legislated ban on oil tankers.

Though the motion carried, the victory was only bittersweet because the motion passed is not binding, and merely calls on the Tory government to legislate a formal ban.  The Conservative government maintains that a ban is unnecessary since a long-standing, informal moratorium on oil tanker traffic and all offshore oil and gas activity has been in effect since 1972.  Yet last year, the Harper government quietly affirmed that it is not legally bound to maintain a moratorium on oil drilling off the coast of British Columbia.  The government determined that the 1972 ban doesn’t technically apply to oil-tanker traffic.  To date, eight Canadian prime ministers have upheld the moratorium, but that could all change.  The B.C. government is currently lobbying the federal Conservative government to revoke the ban.  Opposition parties fear the Tory government will allow the ban to be lifted in order to profit from growing Asian energy markets.