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

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

Let's honour Canada's outgoing Conservative prime minister:
SIGN THE PETITION to rename Calgary's YYC "The Stephen Harper International Airport"

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
You must be logged in to comment. Click here to log in.
commented 2015-10-29 00:19:38 -0400
Jimmy, you’re the only one talking about Harper. Notice that Jimmy? Cause you have a hard-on for him the same as you do for Ezra. Your love-struck!! Ahhhhh, that’s so cute!!
commented 2015-10-29 00:19:00 -0400
Jimmy Da Silva: It is the mainstream media and Liberals who are totally in love with themselves and they worship Trudeau. He hasn`t even done anything and he is already getting accolades. And his MOTHER was interviewed and the Liberal partisan biased media are treating her like a superstar too. It is so sickening that I barely watch or read anything in the mainstream media and yet I can still see what is happening it is so blatant and disgusting. Makes me feel ill. Illegitimate election and illegitimate government.
commented 2015-10-29 00:16:18 -0400
Ohhhhh looky everyone, we got us a couple new Lefty Rednecks!! Welcome Mark and Peter. I look forward to ripping you to shreds going forward!!

Notice Mark’s attempt to use psychology to preemptively undermine any attacks against him by saying; I come here to see if theRebel readers will attack me vociferously . . . because it’s hilarious when people get so worked up about a position . . .

Sorry Mark, that stupid psychology doesn’t work on us at the Rebel. You make this stmt, then go on to ridicule . . . .“they haven’t thought logically through” and “They just blindly follow whatever they’re told” etc. Ok, let’s test you redneck.
Do you think man is responsible for GW and can fix it? Oh you do don’t you?!?!? Just following blindly huh?
You prolly think women only make .80c on the dollar too, don’t you, don’t you?!?! Following blindly perhaps?
Oh, how bout this one – Light Pollution! It causes cancer and streetlights cause seniors to run out in front of cars.
Oh wait, the latest; Meat “probably has carcinogens” and causes cancer from WHO. It said “probably”, but you’re now a "believer’, aren’t you? Of course you are, ‘cause you’re “clever”.
Oh, how bout this one; The rich are hoarding all the money!! You’re so stupid you think like all Lefty’s. You think in “limited quantities”. Like there’s only so much money, and either “they” have it, or “we” have it? Right? You do don’t you, don’t you??
So if one of my silly little inventions goes big, your pay is going to go down, right Mark? But it HAS to according to you, ‘cause there’s a limited quantity of money, and if I get more, then you have to have less. Right Mark? Right?
commented 2015-10-29 00:03:58 -0400
Mark,

Sure and welcome to The Rebel – it’s nice to be able to talk to an intelligent person once in a while on here.
commented 2015-10-28 23:46:22 -0400
Jimmy, let’s be friends.
commented 2015-10-28 23:29:07 -0400
Peter, you forget that oil companies spend billions in places that are far more hostile or risky than Alberta.

The plan for Shell was too costly for the current and medium term outlook for oil. At current prices they need access to another pipeline.
Not having the pipeline didn’t stop them from spending billions on exploration and pre development. The real real cause is the oil collapse.

If I had billions to invest I wouldn’t invest in Alberta, but I wouldn’t have a year ago either.
Businesses always do business where they can make money, government policies be damned.
The income tax hike still makes Alberta the cheapest place to do business in Canada (minus the ridiculous labor costs).

Judging my political leanings might be hard based on my comments, considering mostly I come here to see if theRebel readers will attack me vociferously (my comments will come with varying amounts of facts, opinions etc) because it’s hilarious when people get so worked up about a position they haven’t logically thought about. They just blindly follow whatever they are told. Some of the MSM has a little bias against the right. But nothing close to the unadulterated vitriolic positions the Rebel had (I have never seen an MSM journalist write or say publicly that people who don’t agree with them are idiots, yet every other article here says that, but no one gives a fig because it’s "your"side).

That is also funny to me (their side said something kinda true but I don’t like it so they have bias against my side, all my news sources say they’re idiots and blind).

I wonder how many people here would even realize the articles they read are far worse than anything the MSM has ever said.
commented 2015-10-28 23:18:01 -0400
Jimmy Da Silva > we know already how idiotic you are in TheRebel. If you still have a little sanity just use it and be gone!
commented 2015-10-28 23:13:37 -0400
The jobs will be available in another part of the world. Humans continue to need oil — Shell will go where it’s warmer and cheaper. Albertans will need to leave home and go where the oil is. There are peaceful Muslim countries with lots of oil.
The NDP will simply need to raise personal taxes and add a sales tax and increase sin taxes. Things will be fine. Maybe a bit of debt increase too — nothing major though!
commented 2015-10-28 22:45:32 -0400
@ Jimmy – Goof.
commented 2015-10-28 22:34:32 -0400
The funny thing is that there are people here – who actually believe that Harper IS Superman or like a God.

Harper is literally worshipped on The Rebel.
commented 2015-10-28 22:24:48 -0400
Mark said, "They haven’t actually stopped anything with regards to the pipeline, just voiced opposition (it’s already approved in Alberta so that’s a moot point). "

If you had billions to spend on investment, wouldn’t you look at the statements and attitudes of the people within the government that have the power to make the decisions? Honestly Mark, why are you treating Shell’s decision as if they make their decision in a vacuum?

If the government MPs and their chiefs of staff have publicly stated that they are against the oilsand and against pipelines, how could that not affect your decision to invest billions in oilsands projects? Please, please, please Mark, see reason!
commented 2015-10-28 22:23:30 -0400
‘Would I put money into Alberta now?’
Well, if I was a moneyed oligarch of the crony capitalist corporatocracy, this in fact, and according to history, would be a perfect time to ‘put money in’ – buy it all up at fire-sale prices. This is merely another method the Big Boys have of stealing the wealth. Eventually they get it all…
Me, I’d get the heck outta there.

This was an interesting read:
https://www.moodys.com/research/Moodys-Albertas-planned-steep-debt-increase-is-credit-negative—PR_337607
commented 2015-10-28 22:21:23 -0400
Mark, do you really believe that she has had no effect on oil companies outlook of Alberta? An anti-oil sands activist, gets elected, boosts corporate taxes, reviews royalties an then stocks her cabinet full of anti-pipeline activists. This doesn’t have an effect on investment in the province? O & G executives don’t get the top of their fields by being morons, unlike politicians apparently.
commented 2015-10-28 22:20:20 -0400
Mark said, "I think that people are blowing it out of proportion and the mess was mostly created by the PC’s. "

I have zero love for the PCs, but you will have to explain how you think the PC are responsible for what companies like Shell are doing now.
commented 2015-10-28 22:17:04 -0400
Jimmy said, “How could you have enough of Harper – he’s as close to a God as possible. He’s like Superman for Canada.”

Its’ about time you admitted your secret love for Harper. Now we all know.
commented 2015-10-28 22:15:35 -0400
Mark David Johnson said, "I come here to poke because it’s funny. Everyone automatically assumes I’m a Liberal or NDP supporter when I’m really a small ‘c’ conservative that had enough of Harper. "

We will decide your political leanings by your comments. We have had others on this site claim they are conservative (small “c”), but all their comments indicated otherwise. So WE will decide what your political leanings are.
commented 2015-10-28 22:14:48 -0400
Jimmy you speak the truth
commented 2015-10-28 22:14:18 -0400
Its more than 1450 jobs. Many of the components for these projects are manufactured in Calgary, Edmonton and elsewhere including Ontario. That adds thousands more jobs lost.
commented 2015-10-28 22:10:03 -0400
Haha Jimmy, I like you.
commented 2015-10-28 22:08:45 -0400
I think that people are blowing it out of proportion and the mess was mostly created by the PC’s.

Yes, the NDP raised taxes a smidgen (still the lowest in Canada).
They haven’t actually stopped anything with regards to the pipeline, just voiced opposition (it’s already approved in Alberta so that’s a moot point).
But everyone is panicking without even trying to let them do anything. If you harp enough the bad press will do more damage than the NDP ever will.

There are corporations that are axing jobs or taking weird tax hits (booking it all in one quarter for example to show a pretend loss) because they are sore losers.
commented 2015-10-28 22:05:03 -0400
Peter Babich said, “Yousa Kameldick. FUCK YOU

I second that.
commented 2015-10-28 22:03:03 -0400
Good point Ezra, Shell is still investing elsewhere when world oil prices are the same as they are here. It is because of the NDP. And even if they did not wait for the budget, the NDP are still against pipelines and SHell would see that as they sited the lack of pipelines as one of the main reasons.

Mark David Johnson, do you really think the the NDP actions are not affecting the decisions of the oil companies? Do you really think that?
commented 2015-10-28 21:58:23 -0400
Notley! 21st century Revolutionary! Like her hero: Che Guevaraaa! Maybe we could start a campaign, where we mockingly put an image of her on t-shirts like they do with him. It would be black and white and have a slogan on it. “We break down inequality where none exists” or “Our heros create poverty”. The best part is that I know some poor junior in her party has to go through all these forums looking for threats….because she ACTUALLY considers herself a revolutionary. I could have a field day with her.

Here’s a link (at the bottom) where Fidel Castro claims his biggest financial regret was putting Che in charge of Cuba’s central bank, because he knew nothing about banking. Kind of like a certain premier who knows nothing about running a province. This is mocking flattery, maybe she considers it a compliment that I liken her to Che.

http://www.cnbc.com/2015/08/14/fidel-castros-biggest-financial-regrets.html
commented 2015-10-28 21:56:03 -0400
Mark,

How could you have enough of Harper – he’s as close to a God as possible. He’s like Superman for Canada.
commented 2015-10-28 21:45:26 -0400
Llrfu I call out ridiculousness on all forms of media (“MSM” included)
I have commented against CBCs baloney meter recently when they were hypocritical as well (and that was considered as supporting a Conservative promise because the A lot of baloney was a Conservative promise when it was really mostly true).

Just because I point things put doesn’t mean I’m a staunch anti-anything (FYI I voted Conservative/Reform in every election minus the last one since I turned 18 15+ years ago).

What I don’t like is conspiracy theories (like this one in this article, I read the Shell statement, no mention of the budget).

You can blame the BC government more than the NDP one because Christy Clark hadn’t approved the pipeline and wasn’t planning on it considering most of the province was against it.

I come here to poke because it’s funny. Everyone automatically assumes I’m a Liberal or NDP supporter when I’m really a small ‘c’ conservative that had enough of Harper.

But the vitriol is hilarious. I have been called terrible things when pointing out facts or expressing an opinion (that is not insulting at all). Which says a lot about the people commenting and who read the Rebel.
commented 2015-10-28 21:31:59 -0400
Hey Yousa Chadikhed……coming from the fuck tard that hides behind a fake name……COWARD!!
Oh…. and have you been practising falling down? LMAO
commented 2015-10-28 21:19:01 -0400
llrfu Canada is only responsible for 1.5% of global emissions,

Canada isn’t responsible for even that amount Co2 Not that it matters anyway. It’s a bit player as a greenhouse gas. Almost 97% of CO2 isn’t even man made. Nor doesn’t it even stay in the atmosphere, as it rolls over about every five years.

http://www.geocraft.com/WVFossils/greenhouse_data.htm

http://www.co2web.info/ESEF3VO2.htm
commented 2015-10-28 21:18:05 -0400
Yousa i will stand in an ALberta tailings pond if you stand in one at the rare earth mines which are needed for turbines and solar and smartphones.
commented 2015-10-28 21:17:02 -0400
Hey Yousa maybe quit using your dirty electronics you hypocrite then freeze in the dark.
commented 2015-10-28 21:15:51 -0400
Mark David Johnson the lack of a future pipeline is why they are shutting down and the NDP budget was the final straw buddy. Maybe try some reality.