October 28, 2015

Shell cancels $2B project MINUTES after Alberta NDP unveils "attack budget"; 1450 jobs wiped out

Ezra LevantRebel Commander
 

Yesterday the giant oil company Shell announced that they’re cancelling an oilsands megaproject in Alberta called Carmon Creek.

It’s a disaster for Shell — they’re writing off $2 billion dollars.

More importantly, 1,450 Canadian families are out of a job. Those were six-figure jobs, many of them held by First Nations workers.

And of course the 80,000 barrels of oil per day that Carmon Creek was going to produce is gone too. Even at forty dollars a barrel, that’s $3 million a day.

Obviously low world oil prices are part of the problem. But Shell is investing billions in other parts of the world.  

So why did they announce they were killing the project yesterday, at 3:46 p.m. Alberta time?

Well it’s obvious. Because they were waiting to see what Alberta’s first NDP Budget looked like. It confirmed their worst fears. So they pulled the plug.

So — front page news? Are you kidding?

The Media Party doesn’t care. They share the NDP’s hate for the oilsands. The Edmonton Journal put it on page D1. Huh? D1? The Calgary Herald put this story on page D3! The Globe and Mail, Canada’s “national newspaper”, put it on B7.

No one cares.

But you can do something about it. 

Tell Rachel Notley to stop her war on oil and gas jobs in Alberta.

SIGN THE PETITION

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READ Ezra Levant's bestselling books debunking environmentalist propaganda against the energy industry:
Groundswell: The Case for Fracking and Ethical Oil: The Case for Canada's Oil Sands




Comments
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commented 2015-11-06 17:49:02 -0500
Ron and Double D. You simplistic imbeciles!! No company would come out and state the real reasons for their closure, no matter how angry. They don’t want to burn bridges. But note, Notely is against pipelines, and they cited a lack of pipelines in their release. They also gave a vague statement “due to an impairment”. Gee, you think maybe the impairment was the budget? Or the stated lack of pipelines??
I do however appreciate you providing a first hand example of the gullibility of stupid left wing socialists. No truly I do. It tells us a lot about how essential it is we force the media to stop whitewashing, and how Conservatives can better their message to imbeciles going forward.
commented 2015-11-02 14:47:27 -0500
Fort Mack voted N.D.P. --They will get what they deserve.
commented 2015-10-31 13:46:35 -0400
I think its FUNNY that people think that Oil is only for Gas, Diesel and Heating homes. Cause the WORLD cannot and never will be able to live without it. Everything is made from it, I mean EVERYTHING. Give up your Asphalt roads, Tires on your bicycles, trucks, cars, give up your TVs, most all of your cars interiors is plastic, microwaves, phones, Toys for your kids, Anything that’s made with Plastic. Even Coffee mate is made from a by product of Oil. Wake up people! As you read this even your Monitor, your keyboard your mouse, your mousepad is made from OIL !!! I watch protestors for the environment rally in canoes, guess what they are made of …OIL . When you give up everything that is made with Oil then you have the right to say something. Rage Over!!!
commented 2015-10-31 06:29:52 -0400
Furthermore I’m betting Mr Trudeau now that he looked at the Budget he has to work is, can’t even believe how much $$$ comes From Alberta’s resources to support every man, woman, and child in Canada and soon to be a hell of a lot less!
commented 2015-10-31 06:24:20 -0400
Man you people are Pathetic and must NOT live in AB, the Budget WAS on Tuesday Oct 27. and this Announcement did come out the very same day! This was dated Oct 28th. and it starts off by saying ….Yesterday the giant oil company Shell announced that they’re cancelling an oilsands megaproject in Alberta called Carmon Creek. So shut the Hell up already !!!
commented 2015-10-30 20:53:10 -0400
Two consecutive posting showing the level of thought of the left (G&M, huff ’n puff). Can you talk/think for yourselves, or will you only regurgitate what the hive tells you?
commented 2015-10-30 14:33:07 -0400
the squirrel Da Silva stumbles across an acorn of truth, and doesn’t recognize it: “When the day comes when oil is no longer needed due to other forms of energy, does Alberta know that all jobs will be lost and maybe they should focus on other industries to prepare for that day as opposed to putting all their eggs in one basket?” All forms of a commodity have a limited shelf life. The change-over from horse-and-buggy cost a lot of jobs over a prolonged period of time, but equally brought in new jobs to replace them. Horses are still around, as are beaten copper statues (from a much earlier stage in the economy). They are no longer as valued as they were. To maximize the profits from something, use it as it is developed. To maximize use of something, keep it inexpensive. Canada is only habitable by populations approaching ours because energy is inexpensive (for warmth in winter, and to make, keep, and import food year-round). Artificially raising the cost of energy makes the cost of living higher for all Canadians and makes us all, relatively, poorer.
I expect someone to bring up “peak oil” directly – it is a fallacy. There was a peak oil over 100 years ago when the main source of oil was from whales. Oil is very useful to us, and if the mineral oil resources are ever depleted (in over 200 years, at a guess) then vegetable and grain oils will serve the same purpose. Will it be more expensive? Probably, but if the society continues to become richer as it has the last couple of hundred years then the people then won’t care. An example of this is a trailer hitch for a truck. That amount of iron was worth more than the lifetime wages of a serf for most of history. I can buy one now for about an hours’ wages. I have access to metals that were far too expensive for individual use because our society is rich. The rising cost of resources is OK if the wealth of the society can accommodate it.
commented 2015-10-30 12:22:02 -0400
Andrew: "I think that garbagemen and oilpatch workers are comensurate on economic importance. " Which shows economic illiteracy. The economy functions on taking something (like the dirty oil spill that is the oilsands) and making it into something that people are willing to pay more to purchase. The difference in reflected in the wages you can pay to those who do the transformation. Wages should fluctuate according to the value difference. Where things like unions get in the way, they form a minimum profit level for new developments so that things that can make a profit on paper (not considering cost of production) can lose money in the real world. When this happens, projects close or are cancelled.

Clean-up does not produce a marketable product, so it doesn’t have the same sliding scale.
commented 2015-10-30 12:05:32 -0400
Ezra never lets the truth get in the way of a story. What an ignorant tool.
commented 2015-10-30 03:22:11 -0400
I read an article on Shell’s decision to close this project TWO DAYS AGO on Tuesday October 27th, so I am wondering how they made this decision “within minutes” of the release of the Alberta government budget today, Thursday, October 29th, according to your headline? Shell has also publically stated that the reason for the decision was low oil prices and the lack of pipeline infrastructure. They even wrote Rachel Notley an apology note for the unfortunate timing and repeated the actual reasons have nothing to do with the government. Apparently the inaccuracy of your facts is exceeded only by your belief in cosmic time reversal…
commented 2015-10-30 01:47:57 -0400
Peter McLaughlin… “Please just stop.”?… That’s it???… Why; because viewpoints counter to yours are making your head hurt?… (But that was a nice intent on your part to clean your hand before you shook Ezra’s… What with the flu going around and all…)
commented 2015-10-30 00:51:30 -0400
Ezra, do us all a favour and stop writing. Your pure sensationalism approach is appalling, and offensive. I shook your hand once, and wish I cleaned it before and after, and walked out. Never have I met such a person I disliked so much. Please just stop.
commented 2015-10-30 00:32:23 -0400
Andrew so please tell me some BS reason for the Moody’s rating , or was that someone elses fault LMAO
commented 2015-10-30 00:28:21 -0400
Andrew timing does not mean it was not the reason , and our new anti pipeline PM was another part of it. If it cannot get to market then why would they bother?
commented 2015-10-30 00:26:55 -0400
Andrew they are not shit jobs , you see bobcats and wolves and are out in nature. Enjoy your little cubby hole, and get fat and stressed out LMAO
commented 2015-10-29 22:26:41 -0400
Andrew i bet you could not do any of these jobs without running back home to mommy
commented 2015-10-29 22:25:30 -0400
Andrew Garbagemen do not make minimum wage idiot, and there are many skills involved you idiot, now go pay for phony liberal arts , now there is skill involved in that , LMAO. Just because you are only worth 5 an hour does not mean we all are.
Now maybe when you get a real job and move out of your moms basement you may be worth more.
commented 2015-10-29 21:19:33 -0400
Jimmy Da Silva : When the day comes when oil is no longer needed due to other forms of energy,

Hey jimmy, there are no other feasible forms of energy. To claim so is a left wing lie that’s been circulating for a few years. Energy either exists or it doesn’t, it either fits the application or it doesn’t, and it’s either affordable or it’s not.
commented 2015-10-29 21:05:11 -0400
Jimmy Da Silva : When the day comes when oil is no longer needed due to other forms of energy,
commented 2015-10-29 18:36:37 -0400
Count on Jimmy to make dumb comments. News flash Jimmy; the horse n buggy overlapped the automobile. As I noted previously, you have a “limited quantities mindset”. We do this – OR – that. We couldn’t possibly do BOTH at the same time and overlap them – no no!!! That’s WAAAAYYYY too complicated!!!
commented 2015-10-29 18:14:29 -0400
Charles Moulton More and more are having enough of notley and the NDP, go to the link and sign the petition. I feel your pain thousands are losing good paying jobs and whats her responce she needs to get ready for paris everything else can wait. Nothing is going to be spent till she is gone period, No company will invest here. The NDP will be tossed under the bus next election and it cannot come soon enough.
https://www.change.org/p/the-alberta-government-ndp-implement-recall-legislation-for-the-alberta-legislature?recruiter=395515539&utm_source=share_petition&utm_medium=email&utm_campaign=share_email_responsive
commented 2015-10-29 18:03:19 -0400
“Andrew Stephenson please tell that to spoiled unions workers LMAO. Sorry but you make sacrifices and endure harsh conditions to make good money buddy , not everyone is a whiny pansy like you. "

I think that garbagemen and oilpatch workers are comensurate on economic importance. Both hard, dirty, unskilled work. Prevailing wisdom is that garbagemen are worth just over minimum wage, so why would the same not be true of rig pigs? Sacrifice? Yeah, right. Any fool with a pulse can take those jobs, that doesn’t suddenly make them worth 150k a year. All manual labour is worth $5 an hour. If you don’t want to work for it, I know where to find some Mexicans that will. That money should be going to the shareholders, the REAL heroes in this tale.
commented 2015-10-29 17:46:39 -0400
C.G. goodwin name me one news media outlet that has not been sued? Who will pay for all the NDP BS anyways. NOtice the empty stores on Whyte Ave?
commented 2015-10-29 17:45:38 -0400
Glenn Craig Ontario is not some green utopia anyways, Alberta has and always will be far ahead of them , last time i was there to visit an old girlfriend they were just getting blue bins in Espanola , my small town here in ALberta had them in 1990, and if you have bottles there you have to drive an hour into Sudbury to cash them in, the landfill was only open 8 hours a month and nothing was separated , no places for toxic substances either, no eco stations like we have had here in ALberta for a long time either. Yards were full of junk. And even elitist Toronto had to pass a bylaw because the glorious superior people were just tossing recyclables into the garbage chutes of buildings rather than walk them down to the blue bins LMAO! Now they point their damn fingers at us. WHAT A JOKE!
commented 2015-10-29 17:41:25 -0400
C.G. Goodwin trash comment , who has not been sued these days.