Wednesday, August 11, 2010

Coalition Parties A Threat To CPP

The Athabasca Oil Sands in Alberta, Canada, ar...
Oil Sands Economic Engine Canada's Global Energy Super Power

The next time Jack, Gilles or Ignatieff spout off against the oil sands maybe the media can remind them our Pensions are invested in them.

The Canada Pension Plan Investment Board is making a sizeable investment in Canada’s oil sands. The pension plan announced that it was making a $250-million private placement in Laricina Energy Ltd., a Calgary-based company that has a portfolio of oil sands assets that range from properties in the McMurray formation as well as sites near Grand Rapids and Grosmont. With this investment CPPIB now owns a 17.1% equity interest in the company. -CPP

First, last year we began removing the special tax incentives brought in by our predecessors that actually encouraged and subsidized the growth of the traditional oil sands industry. We are phasing those out and replacing them with incentives for the deployment of green technology only.-Canadian Media: Not smarter than a 5th grader?
Can we trust Democrats and Liberals? Is Al Gore or David Suzuki balanced on the Oil Sands? It is time for the Americans to get serious about Energy reliance from the Middle East.
Our Oil Sands account for only 5% of our own emmission and Ontario and Quebec emit more Carbon than Alberta. Will Ontario and Quebec ban the automobile in their province to help reduce the 27% Carbon emitted from use of automobiles? A Liberal provincial minister has been consistent in his criticism of the Federal Government. It may be hard for governments in Ontario, Quebec, British Columbia and Manitoba to remain chummy with oil-rich provinces if they feel they're taking a hit for a tarsands boom. "Whether or not it's going to be the next national unity issue, I'll leave that to the columnists," Gerretsen said.-Allan Woods Toronto Star 12/14/09
Enhanced by Zemanta