September 17, 2016

Bond rating agency warns of negative affects of pipeline opposition

Holly NicholasRebel Commentator

Bond rating agency DBRS has issued a report outlining the negative effects that have come as a result of Canadian pipeline companies being unable to export to foreign markets. 

The bond rating company says credit ratings will decrease for pipeline companies that don’t have access to international markets which could mean higher debt servicing costs, more difficulty signing new deals and an increase in re-contracting risks.

The problems continue to mount for Canadian pipeline companies.

As predicted, the Liberal’s NEB overhaul has further proven they are no friends to pipelines. They’ve stacked the panels with eco-activists that fund anti-pipeline groups.

Analysts now suggest there’s a dismal 25% chance of the pipeline being built.

So far, four major Canadian pipeline projects have been delayed or stopped entirely. At this point, Kinder Morgan's TransMountain pipeline extension is the only glimmer of hope for Canada's oil and gas industry.

The Federal Court of Appeals dismissed a First Nations legal challenge claiming the NEB review process violated their rights. However, aboriginal groups say they haven’t played their best cards yet. Add to this government officials like Gregor Robertson who oppose the project and it doesn’t look good.

With the stalling, opposition and outright rejection of key projects, it’s clear there are more uphill battles to endure to get pipelines approved so we can transport hydrocarbons for the benefit of Canadians across the country.

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commented 2016-09-20 00:15:22 -0400
Buy gold and silver..
Protect yourselves from monetary default in Canada.
commented 2016-09-19 10:41:43 -0400
So next year once Alberta is completely broke and is billions in the hole how will they pay billions more to Queerbec ?
commented 2016-09-19 09:06:36 -0400
Trudeau from Que.has told McKenna to impose a nationwide carbon price (tax) on Canada this will kill western Canada does this nun bar give a shit NO.
commented 2016-09-18 21:28:54 -0400
Yeah, when you shut down your economic engines there are repercussions – but hey, budgets balance themselves in small potatoes economics.
commented 2016-09-18 18:32:43 -0400

The bond rating agencies have given their final warning – Canadian debt is about to drop below investment grade.

What that means is that the risk of holding Canadian debt goes up and the potential for default increases.
commented 2016-09-17 22:39:59 -0400
Where is the finance minister hiding?He should be proud,
Was not long ago they gave them self a big raise to attract better qualified politicians.Man did we ever get short changed on that one.
Shut down the CBC for starters.And stop the free ride for immigrants.Support Alberta working class.,No more transfer payments if you are against energy east or west.If you support carbon tax stop breathing.Stop using any transportation that use oil or gas.Finally Trump for President and Hilary for prison right after that.Suck on that Jay and all the dumb ass snow flakes in Canada.
Peter I’m afraid you may be right.
commented 2016-09-17 20:14:23 -0400
Trudeau you no longer have to prove that you are from Que.
commented 2016-09-17 19:47:13 -0400
The whole Canadian political system needs to be overhauled..!!!!
It has to be set up so people like Trudeau, Notley, whinn and a host of other past politicians and would be future “professional politicians” would be hogtied and cannot bend the system to suit any agenda they carry into office..
commented 2016-09-17 19:38:08 -0400
Marty Ashfield said, "Nothing will change until we get rid of jackass Trudeau and his asshole ministers in the federal government. "

And Premier Fuckly in Alberta and slut Wynne in Ontario and that asshole mayor in Montreal and PM Gerald Butthead. Did I miss anyone?
commented 2016-09-17 18:52:01 -0400
The progressive movement has had its hold in our schools for decades and now we are seeing the results as the kids are adults and in the position of power. I don’t see it changing until the School of Hard Knocks knocks some sense into them.
commented 2016-09-17 18:18:41 -0400
Libs rmorans.. Agreed..!!!
We cannot afford to have children..!! Man you got that right…!! It pains me to see mainstream Canadian families of middle age or younger walking through the mall with mostly one but sometimes two children in tow while the recent migrants that are thrust upon us with no job skills and no tradable value with 4, 5, 6, and sometimes more children in tow and all speaking a foreign language with absolutely no willingness to integrate and you can tell that by their unwillingness to learn their host countries language.
Raising children is an expensive business and our “guests” would be unable to support such large families if they had to compete with the same set of rules as the mainstream Canadian families whose country they are intent on occupying and subduing.
This is reverse racism.
commented 2016-09-17 17:57:48 -0400
Your are right Leviticus. We let these Liberal morons run our country and bring in unlimited immigrants that will have most on welfare for the rest of their lives. Drunken McCallum says we need them because Canadians are not having enough babies. We are not having enough babies because we can’t afford it with all the taxes to pay for large immigrant families that will live on welfare forever. Man, Liberals are just plain stupid. Institute my two points below and Liberals’ heads would explode as they would not be able operate without unlimited deficit spending. What a fucked up country we live in.
commented 2016-09-17 16:32:54 -0400
Libs rmorans..
Outstanding post detailing exactly how it should be..!!!
It wouldn’t be hard for any man to become elected for introducing into law policies like that..!

Getting back to the above story… If it’s bad for Canadians and Canada the
“prime civil servant”
Justin Trudeau Will do it… He is just using the excuse of environmentalism or any other excuse no matter how insignificant or unrelated that he can find because there is no kickback for him in Canadian oil… He kills National resource development to buy Middle East conflict oil for personal profit in the form of kick back to himself… And then to add insult to injury he imports votes and gives free lifestyle to hostile savages from the Middle East in an attempt to ensure his political future at our expense.
commented 2016-09-17 16:14:05 -0400
We need two things to “Make Canada Great Again” (suck it snowflakes!):

1. End equalization
2. A law to ensure no level of government can go into deficit. They must have a plan to have a surplus.

This would ensure we get the best people running our countries instead of complete morons like Trudeau. Provinces would also have to live within their means or find new revenues….like pipelines and oil & gas extraction.
commented 2016-09-17 16:07:25 -0400
Ahh but now the First Nations want to be able to call on the Canadian Military to protect them from the evil empire. We are losing the war for our homes and communities against the greentards. Can you imagine losing a knock down drag out fight to a cry baby snowflake? What does that make you Canada? Your losing ground every day to a bunch snivelling bedwetters. They’ve got you into a giant circle jerk and now albertans are the pivot man.
commented 2016-09-17 16:05:26 -0400
Nothing will change until we get rid of jackass Trudeau and his asshole ministers in the federal government. However things will get worse.