Canada hijacked by the far left

[Anonymous]

Warren Buffett pulls out of proposed LNG project in Quebec due to 'challenges' in Canada

GNL Quebec, which was spearheading the project, confirmed it had lost a major potential investor in the $9-billion Energie Saguenay project



Warren Buffett, one of the world's most influential investors, has pulled out of a proposed $9 billion liquefied natural gas project in Quebec over concerns about railway blockades and infrastructure challenges.



The domestic oil and gas sector was already reeling after Teck Resources cancelled its $20.6 billion Frontier oilsands project in Alberta last month, partly over fears about rail blockades, and as other strategic investors have avoided the industry.



"Over the last month, a clear signal has been sent to businesses across Canada that the rule of law will not be upheld and that major projects cannot get built," Conservative MP for Chicoutimi-Le Fjord Richard Martel said in an email, adding that Quebecers "risk losing out" on a multi-billion project.



GNL Quebec confirmed Thursday it had lost a major potential investor as it seeks to build the $9 billion Énergie Saguenay project to export Western Canadian natural gas from a proposed facility in Quebec.



"This was a major private investor who left at the last minute," GNL Quebec spokesperson Stephanie Fortin said in an interview.



"The reason is the recent challenge in the Canadian political context."

https://nationalpost.com/commodities/energy/warren-buffett-reportedly-pulls-out-of-lng-project-in-quebec-due-to-challenges-in-canada/wcm/9fd7e9b0-fd44-47d5-aa32-c81317fa4734?video_autoplay=true">https://nationalpost.com/commodities/en ... oplay=true">https://nationalpost.com/commodities/energy/warren-buffett-reportedly-pulls-out-of-lng-project-in-quebec-due-to-challenges-in-canada/wcm/9fd7e9b0-fd44-47d5-aa32-c81317fa4734?video_autoplay=true



Another major resource industrial project bites the dust thanks to Trudeau's lack of leadership.

[Anonymous]

How many thousands of jobs did Trudeau cost Canada this time?

[Anonymous]

Quebec train derailment may have been intentional



CN Railway is investigating after a train derailment in Sainte-Marie-Salome in Quebec.



"Two cars derailed and there's no danger for the public, no injuries, no fire and no dangerous goods are involved," CN senior manager of public affairs Olivier Quenneville told CTV News.



A source reportedly told CTV News that they believe something was purposely put onto the tracks to derail the train. A CN spokesperson did not confirm whether or not that is true.



"The incident is still under investigation and we will not comment further," said Quenneville.



CN is currently investigating the situation with a team on the ground.

https://www.thepostmillennial.com/breaking-quebec-train-derailment-may-have-been-intentional-source/?fbclid=IwAR1f0A15AQ_wzTmo3DMAm9x0JGdkS1-rEH_ikA8bqAix32t_tduruV0SBYU">https://www.thepostmillennial.com/break ... duruV0SBYU">https://www.thepostmillennial.com/breaking-quebec-train-derailment-may-have-been-intentional-source/?fbclid=IwAR1f0A15AQ_wzTmo3DMAm9x0JGdkS1-rEH_ikA8bqAix32t_tduruV0SBYU



Could this be the work of the people behind the illegal blockades? I would not be the least bit surprised if they are culprits.

[Anonymous]

Buffett walks from Canuck pipeline plan

World's best-known investor fed up with PM's inaction?



GNL Quebec, the company behind an effort to build a pipeline from Eastern Ontario to the Saguenay region of Quebec where a liquified natural gas export hub would be built, has acknowledged that a major investor was backing out. That major investor is Buffet and with him goes $4 billion of the $9 billion needed in financing.



Now that Prime Minister Justin Trudeau's inaction on dealing with the attempted shut down of Canada is hurting Quebec, I have to wonder if he will change his tune on the pipeline and resource project. The pipeline and LNG port had already received special treatment from the federal government.



[size=150]When TransCanada wanted to build their Energy East pipeline and bring Western Canadian oil to Eastern Canada — both for export and to replace foreign imports in Ontario, Quebec and Atlantic Canada — the Trudeau government brought in new rules. Energy East was going to be required to account not only for the greenhouse gas emissions created in getting the oil out of the ground and into the pipeline but all the greenhouse gases when the oil was used, wherever that was in the world.

[/size]

It was shortly after that announcement that TransCanada pulled the plug.



[size=150]As Quebec media first reported and I later confirmed in March 2018, that test never applied to the GNL Énergie Saguenay project.[/size]



Now, even with that special treatment, the project is in jeopardy — a major investor has pulled out and who knows what other projects are in jeopardy.



Saguenay deputy mayor Michel Potvin said his region really didn't need this, especially at this point in the project.



"We're not going to find $4 billion tomorrow morning, and we sure aren't going to find it in the region. So we have to roll up our sleeves," Potvin said.



Environmental activists will hail this move as another victory for the green economy. They will point to lower prices for liquified natural gas and say this project wasn't even viable. None of that is true.



LNG remains viable and like many commodities sees prices fluctuate. It is also a clean fuel that when exported often replaces coal as a source of electrical or heat generation. If shifting from coal to LNG would reduce emissions, shouldn't Canada's environmentalists back it?



Well, they should but they won't.



The mud hut brigade has adopted the slogan and hashtag #ShutCanadaDown and wants to make sure that all fossil fuels in this country stay in the ground. This group has an over exaggerated influence on the federal government, our media and our national and, in some cases, provincial policies.



[size=150]Buffett has looked at what is going on in Canada and realized he can't rely on a stable investment or regulatory environment, so he is walking away.[/size] He won't be alone, and with each investor that decides to put money elsewhere, regular Canadians will be hurt by a lack of jobs.



[size=150]The professional protesters and activists, funded by American billionaires and foundations, won't feel the pinch from their actions or Justin Trudeau's lack of leadership but thousands and thousands of Canadian families will.[/size]

[Anonymous]

Venezuela is encouraging investment in it's economy to reverse socialist decay. Canada is discouraging invest to discourage prosperity.



Venezuela Turns to Privatization After Being Bankrupted by Socialism



Government is...offloading key enterprises to private investors...'



According to Bloomberg News, Venezuelan president Nicolás Maduro has quietly begun transferring state assets back into the hands of private owners in an effort to reverse the country's economic collapse.



"Saddled with hundreds of failed state companies in an economy barreling over a cliff, the Venezuelan government is abandoning socialist doctrine by offloading key enterprises to private investors, offering profit in exchange for a share of revenue or products," write Caracas-based journalists Fabiola Zerpa and Nicolle Yapur.

https://headlineusa.com/bloomberg-venezuela-turns-to-privatization-after-being-bankrupted-by-socialism/?fbclid=IwAR0aXH7eCvZrZETV9OVyxNllU2WUFmz6UNkvqkBxHpjczK3Cl685ztoZScE#disqus_thread">https://headlineusa.com/bloomberg-venez ... qus_thread">https://headlineusa.com/bloomberg-venezuela-turns-to-privatization-after-being-bankrupted-by-socialism/?fbclid=IwAR0aXH7eCvZrZETV9OVyxNllU2WUFmz6UNkvqkBxHpjczK3Cl685ztoZScE#disqus_thread