July 12, 2015

$20 billlion oil sands project postponed thanks to Alberta's NDP government

Rebel Staff
 

Teck Resources has shut down a $20 billion oil sands project in Alberta. Low oil prices and rising labour costs didn't help, but it's obvious the final straw was the new NDP government.

Can you blame Teck?

Premier Notley has hired a disciple of Al Gore to review oil royalties, hiked taxes and taken other steps to send an unmistakable anti-energy message.

Yet the media isn't treating this project shutdown like the disaster it is.

Can you imagine their reaction if all the big car companies shut down Ontario operations overnight?

 

JOIN TheRebel.media for more fearless news and commentary you won’t find anywhere else.

The Alberta NDP has hired violent criminal Brent Dancey to run an important ministry.
SIGN OUR PETITION to fire Dancey.

READ Ezra Levant's bestselling books debunking environmentalist propaganda against the energy industry:

Groundswell: The Case for Fracking
Ethical Oil: The Case for Canada's Oil Sands

Comments
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commented 2015-12-08 18:25:45 -0500
Haha… Andrew Hutton, relax first off. Secondly, I have read a book before (economics degree). Thirdly, great they have been more open on including idustry executives…. so what does that conclude? That they have been doing a stellar job? The point I was trying to make (which I clearly did not do that well) was that, the system is not efficient. Example, NDP…. clearly the large majority voted for them. A large majority of that vote was a “rebellion vote,” as in people were just trying to send a message to the P.C’s rather than ACTUALLY voting for NDP in confidence. So, naturally people wanted to send a message to the P.C, that being “stop taking advantage,” and we’ll vote you in again if you clean things up. The people who did not vote NDP probably want the NDP to struggle, which they have in every other province so yes AGAIN is a relevant comment I might add, so the P.C’s can eventually get back into power.
Let me guess Andrew…..Union Worker? Government Employee? Teacher? Medical Industry? Farmer (NDP not their favorite right now)
commented 2015-08-16 13:05:25 -0400
Andrew Hutton…I totally agree with you. Levant is an idiot and an opportunist.
commented 2015-08-13 20:56:23 -0400
Sorry if you interpret my stumbling across your moronic conversation as “trolling”, but:
http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com%2F%2Fnews%2Fenergy%2Foil-execs-say-notley-more-collaborative-than-previous-conservative-government-in-tackling-royalties

So yeah… Shut up…

Also, C Walker, you should be ashamed of yourself for wishing Albertas government to fail just so you can point your finger. As for them failing “AGAIN”; Alberta has never had an NDP government. Read a book you fool.

This whole comment section is shameful.
commented 2015-07-16 13:29:13 -0400
I agree…. I mean, it is a catch 22. We want the NDP to do a terrible job AGAIN so people figure it out and don’t vote them in for a 2nd term. Yet, if they do a shitty job we are all screwed for a significant length of time after that anyway. I am suprised they are going in guns a blazing instead of doing “reasonable” things, its’ ridiculous.
commented 2015-07-15 19:56:07 -0400
Because Notely wants to fundamentally change the identity of the entire Province. Your suggestions are reasonable, but I still stand by the premise that raising royalties will likely put you out of the game. If it is cheaper to do business elsewhere that is where business will go.

Notely wants to kill oil. She doesn’t want to be reasonable, she just wants it to be stopped.
commented 2015-07-15 17:43:58 -0400
Side Note:
Am I crazy, or why has the NDP or no one else for that matter (Maybe i missed it) discussed laddering a royalty into the oil patch. When oil is below $60 a barrel no royalty, when it is $60-$80 x-amount, $80-$100 y-amount, over $100 z-amount? Instead of throwing everything at the industry all at once (as my previous message mentions).
From a political perspective, way easier to get the public on board.
commented 2015-07-15 14:03:38 -0400
It should be obvious for anyone with a functioning brain that the socialists provincially and federally are against energy resource development and that will become painfully obvious to Albertans over the next four years. The damage being done to Alberta by the NDP may not help the Conservatives a great deal this fall but should certainly send messages to Canadians in elections to come as they watch the economic power house of Alberta deliberately destroyed just as the lefties of Ontario dragged the economy of that province into the gutter.
The big question, will we pay attention or will we all suffer from the Greek syndrome?
commented 2015-07-15 13:10:18 -0400
The press isnt going to get excited with stuff like this until there are layoffs which threaten their company and their jobs. I assume that will start happening soon.
commented 2015-07-15 13:10:18 -0400
The press isnt going to get excited with stuff like this until there are layoffs which threaten their company and their jobs. I assume that will start happening soon.
commented 2015-07-15 07:58:38 -0400
And today Canada has been declared the number 1 country in which to live in 2015 and one of the first criteria was it’s welfare system. Does anyone know how this system is funded? But then of course other programs will be cut instead to continue our reputation as a wonderful country in which to maybe have to work in too?
commented 2015-07-15 06:50:27 -0400
If there are any Canadians that don’t like oil , my thinking is there will be a lot more poorer Canadians! God puts oil in the ground for a reason. Elaine should tell the Saudi’s that we don’t need oil. In fact that is who is against the oil sands. The Saudi’s are sending all their demonstrators to the oil sands for a reason! The saudi’s want everyone to still depend on them!!! Wake up you oil haters. If the saudi’s can make o profit of oil, why shouldn’t Canada! Get you head out of the sand, all you Canadian oil haters!
commented 2015-07-14 22:56:59 -0400
And what do you two do for scratch?
commented 2015-07-14 21:56:48 -0400
You’ve got to be kidding me! What would ! do? Canadians would have to start caring more about the future of our children and grandchildren and less about pillaging the earth so we can continue our irresponsible way of living.
commented 2015-07-14 21:22:42 -0400
Oil and war are not the only ways to grow an economy. If you had brains you would know that.
commented 2015-07-14 21:18:53 -0400
You are a self-absorbed idiot with a pea brain that can only rape and steal from the earth to put food on your table. Yah I can think of what would happen if Ontario shut down operations over night. People would have to grow up and not be spoiled brats with everything at their fingertips. Narrow minded morons.
commented 2015-07-14 08:33:13 -0400
I hear ya, Daryl!
commented 2015-07-14 04:16:12 -0400
Damn it anyway!! New Albertans and Canadians (& shamefully those who don’t want to get involved {won’t vote} – WELL here is some news for those – YOU are now involved to over your eyebrows – you lazy apathetic idiots!), are the ones who voted these pirates in!! I am really entertaining the options of emigrating to Russia – who are welcoming enterprising capitalists to rejuvenate their economy and are really coming down hard on all the economic fraudsters, ie, big company/ government executives, etc.
The NDP are a bunch of crooks and subversives that need expelling just like the terrorist elements we have taking over the authority of our country. The REVOLUTION is now beginning! Yes, I am an Infidel and a revolutionary against fascist socialism and communism. Wanna come and get me? Bring it on!! I’m old and fed up with this countries governmental promises of “good” reforms and policies – you apathetics are going to realize your ignorance and laziness are going to come bite your fat asses!
commented 2015-07-14 00:26:25 -0400
A sad state of affairs in Alberta. I am very worried about the next four years.
The current provincial government is the result of a protest vote. NDP went from 4th to 1st in three weeks. Albertans will regret this election as much as BC, Sask and Ontario did after they felt the ramifications of the costs associated with the NDP party.

Teck is not the first to make major retraction announcements since the new govt took hold. They will not be the last.

We are losing so much, so fast in Alberta.
commented 2015-07-14 00:12:15 -0400
had the privilege for the last little while to be working for tech. They are a class act and i saw nothing but positive things for safely and environmental concerns. So Alberta you lose out big time in my opinion .So the province and community involved with whatever tech is working is a major loser here. roy rowsell
commented 2015-07-13 19:51:40 -0400
Rick – no, I’m good, thanks. We effete Easterners speak Latin to each other all the time when we’re not talkin’ Rooshian. .
commented 2015-07-13 19:43:28 -0400
C Walker said, "Low oil prices coupled with an increase in Corporate Taxes, increase in personal taxes, plus an increase in royalties, and more greenhouse gas constraints does not add up to a growing economy. "

Couldn’t agree more, but isn’t it odd how the socialists cannot see this pattern?

And isn’t it odd that those who voted for the NDP did not think it was a problem that the NDP tanked the economy in every province in which they governed?

All we can hope for is that the actions of the Alberta NDP will cause people to clue in to that is what will happen if Mulcair is elected. That is assuming that the main stream media do their job.
commented 2015-07-13 19:42:49 -0400
““post hoc, ergo propter hoc” Gee, hope you didn’t hurt yourself coming up with that one!
commented 2015-07-13 15:33:47 -0400
Talking about C-51 is getting off topic. The sole debate here is how the NDP government will affect not only Alberta but the Canadian economy and political lanscape as a whole over the next 4 years.
EILEEN MCRAE & PRINCE KNIGHT well said. Alberta has been the best place to live in Canada and one of the best in the World due to the free economy and low tax enviornment. Stats like this are 100% due to the oilsands/energy industry that we are lucky to have.
“Alberta’s per capita GDP in 2007 was by far the highest of any province in Canada at C$74,825 (approx. US$75,000). In 2006 Alberta’s per capita GDP was higher than all US states, and one of the highest figures in the world. Alberta’s per capita GDP in 2007 was 61% higher than the Canadian average of C$46,441 and more than twice that of all the Maritime provinces. In 2006, the deviation from the national average was the largest for any province in Canadian history.1
That was in 2007, estimates are now at $88,000 per Capita. The fact is, we ALL enjoy or enjoyed the benefits of the PC mandates over the years, keeping taxes low, growth focused, and pro-oil & gas companies. People don’t look at the economics behind these new policies the NDP are wanting to put in place, everyone is so short-sighted. $15 minimum wage…. in theory it would be great but the long-term effects and consequences don’t happen overnight. It is very nieve to think that we can just increase the wage to $15 and only business owners would be affected. An increase to prices or inflation is the end cause of such a move, business owners don’t take the brunt, they raise prices to keep their profit margins and pass along those extra costs directly to the consumer. There truely is a perfect storm in Alberta in a very negative way and if the NDPs are blind to it then holy shit we are all in serious trouble. Low oil prices coupled with an increase in Corporate Taxes, increase in personal taxes, plus an increase in royalties, and more greenhouse gas constraints does not add up to a growing economy.
But don’t worry the young, unexperienced NDP caucus I am sure are all well educated on Macro & Micro Economics so we should be good…….
commented 2015-07-13 13:38:35 -0400
Maybe if the critics of bill C-51 read what the bill actually says rather than making up what they think it says just so they can bash Harper with their made up grievances, a civil and intelligent discussion of what the bill actually say can take place. But until the critics stop making up straw man issues from C-51, no real discussion is even possible.
commented 2015-07-13 13:03:44 -0400
Perhaps critics of the bill would be less strident if its proponents refrained from using terms like “treason”.
commented 2015-07-13 12:26:39 -0400
Critics of Bill C-51, who are perpetuating the lie that it could be used to muzzle protesters need to understand the difference between a criminal act and a peaceful protest. And maybe a reread of the Act might be in order, as no where does it say peaceful protest will be stopped, as long as the law is upheld.

Not only is it my opinion that using opec oil while shutting down our oil sands is treasonous, it is absolutely hypocritical.
commented 2015-07-13 12:13:21 -0400
“An actual treasonous consideration. "
Well, that sure didn’t take long. Critics of Bill C-51 feared that its provisions could used to muzzle environmental protesters. And now you’re accusing them of treason.
commented 2015-07-13 11:37:46 -0400
Gord says," No Keystone, no pipelines to the coast, decommissioning of the tar sands is how it must go to help save the planet for human habitation."
But you will still be running on conflict oil. You think the Saudis are going to stop pumping to save the climate. Your point of view is suicide for our country. An actual treasonous consideration.