December 20, 2016

Newfoundland’s Come By Chance refinery may be gone with Trudeau’s carbon tax

Holly NicholasRebel Commentator
 

North Atlantic Refining Limited says there’s significant risk Trudeau’s carbon tax that puts a cap of $50 per tonne on emissions by 2022, could cost $50 million per year which may cause Newfoundland’s Come By Chance refinery to shut down.

The refinery, already affected by the downturn, has laid off over 100 workers due to the economic crisis. It has also reduced emissions by 17%, but Newfoundland’s Minister of Climate Change and Environment says the company will have to cap emissions and pay extra for anything that exceeds it.

Adding to the harm this will do is the fact that the refinery exports most of its product to the United States, who won’t be introducing a carbon tax thereby making our product less competitive.

Newfoundland gained significantly from the oil and gas industry with the well at Hibernia producing its first barrel of oil in 1997. That field holds about 884 million barrels of recoverable oil, with three more significant fields – Terra Nova, White Rose and Hebron adding millions more.

By 2007, oil and gas accounted for 35% of Newfoundland’s GDP, turning it into a have province after suffering a devastating economic blow with the moratorium on the cod fishing industry in 1992.

They also suffered hardship from a bad deal made with Quebec over the Churchill Falls Generating Station with a stipulation that the electricity produced had to be sold in Quebec or pass through Quebec resulting in Newfoundland getting only $63 million in profits while Quebec gained $1.7 billion yearly.

Now, Newfoundland is returning to “have not” status with a debt of over $2 billion adding up, 1/5 of energy sector workers laid off and an overall seasonally adjusted unemployment rate of 12%.

We’ve seen billions in investments go to Saskatchewan under Premier Brad Wall’s leadership – not Newfoundland and not Alberta proving it’s not only due to low oil prices.

It’s due to bad governance too.

So, let the looming closure of Come By Chance refinery, the layoffs and the absolute economic destruction that follows in the wake of job killing, carbon tax implementation by left leaning governments be a lesson to both Newfoundlanders and Albertans in upcoming elections.

Comments
You must be logged in to comment. Click here to log in.
commented 2016-12-22 22:42:15 -0500
Everyone has been subsidizing hydro in Quebec for years and it is going to get worse with this bull shit cap and trade.Time to cut back on Government wages.How can you justify paying these fuck up what they get paid.
commented 2016-12-21 16:26:53 -0500
https://www.youtube.com/watch?v=erh8Ew8ImP8
(circa 2013)

Rex Murphy talks about how Alberta’s prosperity saved Newfoundland after the fisheries devastated that province. He tells Alberta to be proud. Disses May, Neil Young, Robert Redford and takes well crafted jabs at the Alberta gov.
It is an impassioned speech about Canada, and even though things are worse now, my hope is that the spirit and pride in our own excellence, as well as the camaraderie between fellow Canadians that Rex talks about will see us through these bad days. It’s what Canada is really all about. Not some convoluted Marxist nightmare Trudeau is trying to peddle as our ‘Canadian identity’.

Where will Newfoundlander’s go this time, where will Canadians flock to, to ride out the storm in 2017?
Excellent Rex must watch.
commented 2016-12-21 13:13:11 -0500
Drew ya carrot juice is alot worse then raw sewage that Victoria and a lot of Quebec dumps into the rivers and oceans .
commented 2016-12-21 13:09:45 -0500
As soon as the tax money runs out from the government sticking it to us and stealing it all , then the pot law will kick in and JT and his bum buddy Butts can start earning the real money from there investments in the pot companies they secretly own a lot of shares in . Wate a minut he wouldn’t do that !
commented 2016-12-21 03:30:40 -0500
Hi Holly. That was another great video. Very informative on many levels. I hope one of these days you end up doing a video for Prager U.
commented 2016-12-21 01:12:35 -0500
Isn’t the east coast clean and pollution free since Justin shut down that carrot juice factory for dumping that highly toxic carrot juice?
commented 2016-12-21 01:11:37 -0500
Its OK they do not need jobs in Newfoundland they can always head west to Alberta to work, OH WAIT A SECOND!
commented 2016-12-21 00:29:50 -0500
One less province that will vote Liberal in the next election. Maybe we can get the little brat out of office after only one term.
commented 2016-12-20 20:30:16 -0500
Nfld—-You thought Harper treated you badly, wait till this guy is finished ; you will be penniless and visiting the Mosque 5 times a day.
commented 2016-12-20 19:36:46 -0500
we have everything but at the same time….NOTHING!
commented 2016-12-20 18:02:52 -0500
sunny ways nfld YOU VOTED FOR THIS IDIOT YOU WANTED CHANGE YOU GOT IT. SUNNY WAYS
commented 2016-12-20 17:49:06 -0500
Nfld.Ab and Sk have a weapon to use against the carbon tax…it’s called the notwithstanding clause…it just takes a premier with balls to use it against trudummy and his crayon eaters…never thought i’d say this but thank you pet…
commented 2016-12-20 16:58:51 -0500
As long as one votes Liberal you are voting for organized crime to flourish. Liberal governments have never kept a promise and have never had a good idea they didn’t steal from someone else. Theft and deception is the cornerstone of Liberal politics. When their not stealing our tax dollars their giving it away to rich elites, terrorism, or NGO’s run by despotic tyrants that want to rule the world in tyranny. Stamp out crime vote anything but Liberal.
commented 2016-12-20 16:51:03 -0500
You stupid newfies, you listened all these years to ( Mary all walshed up ) and rainbow Rick - enjoy
commented 2016-12-20 16:38:20 -0500
That is supposed to read "and now they’re 16-year-old children can vote liberal as well
commented 2016-12-20 16:37:07 -0500
Another 16-year-old children can vote Liberal as well..
Out here in the west I would like to hold a referendum for separation.
For far too long Ottawa has been playing both ends against the middle and now it’s time for the middle to be accountable to itself.
commented 2016-12-20 16:35:02 -0500
They voted liberal and now they can think about this for a while..
commented 2016-12-20 16:23:17 -0500
The fact that Man created Carbon has no noticeable effect on Global Warming, means that Trudeau’s Carbon Tax is enforced, using false pretense.

Trudeau is nothing but a brain dead idiot who needs to be put away. He is the only one who will profit from this Tax and his profit comes in Saudi Coinage.
commented 2016-12-20 16:22:20 -0500
Next will be marching orders for Alberta to send more transfer payments here, there and everywhere. Except for the fact Alberta is nowhere now, with no money to send anywhere. Thanks JT, clueless heathen creep. If you even had a clue it sure would be lonely. Carbon guru Catherine McKenna will be sure to get things sorted out. On second thought, maybe the easterners will be freezing in the dark. Don’t blame Ralph, but feel free to ralph every time you see “tits and socks” show his ugly mug.
commented 2016-12-20 15:19:22 -0500
Sorry “a.punt” should read “amount” and “the sure enough” should read as “they sure enough . . .”
commented 2016-12-20 15:15:51 -0500
With the “laissez faire” attitude that both provincial and particularly the federal governments are displaying when it comes to the welfare of Canadians, it is a wonder that some irate “mentally unstable” citizen has not taken our leaders out with a high powered rifle.
Oh, I forgot, all weapons have been made illegal save for knives.
One would really need to be of unsound mind to attack our fearless leaders with a penknife.
Who can tell though.
You can only tell people to eat cake only so often before it sticks in their craw.
The waste of money by our governments is obscene!
Living high off the hog and feeding at the trough while common citizens need to work multiple jobs to make ends meet and others need to wait for long periods to have life saving surgery.
Does the minister of women’s affairs, or some such bs, who spends $1.1 million on her office not realize that this a,punt of money could hire more than 20 healthcare workers for a year?
No?
Well perhaps it is time that liberals return to the class room to learn about economics, social issues and how to be human.
The sure enough were attentive when it came time to study how to raid tax payers pockets to pay for their freakin entitlements.

Up with the revolution!

Dump Justin Bin Trudeau (DJBT)