Who Are The Players In The Northern Gateway Proposal
Tuesday, October 9, 2012 @ 3:45 AM
This is the third in a four part series on questions Economist Robyn Allan has raised about the proposed Northern Gateway pipeline project. Click here for Part one, and forPart Two.
Robyn Allan recently addressed the Stand Up For the North meeting in Prince George. She is the former head of ICBC, former Economist with the Central Credit Union, and has held numerous high ranking positions both in BC and Saskatchewan.
Enbridge is now asking that the list of those people who are contributing to the "No" campaign for the Enbridge pipeline be identified by the Joint Review Panel which begins hearings in Prince George today.
In her speech to the gathering at UNBC Allan criticized Enbridge’s lack of transparency in the company’s unwillingness to disclose the identity of all of Northern Gateway Funding partners.
There are 10 funding partners who each contributed $14 million dollars to the NEB approval process and this gives them the right to shipping access at preferred rates and the right to invest in the project as limited and general partners.
When Allan appeared before the JRP, Enbridge was asked to disclose the names of all the companies who remain undeclared but refused to do so.
The funding partners that have come forward are Sinopec, a national oil company owned by the Chinese government, Suncor, Cenovus, a French multinational, Nexen who, pending federal government approval, will be owned by the Chinese national oil company and CNOOC another Chinese state owned company. She says she still does not know the three other funders of the review process.
The three Chinese National Oil companies, Sinopec, Petro China, and CNOOC have extensive investments in crude oil production in Canada. Both Sinopec and Petro China have a fleet of oil tanker ships.
Chinese consumers are protected from high gas prices she adds because the refineries are subsidized and the consumers are protected by a system of price controls.
Allan argues that despite what is being told, Canada will not be selling its bitumen into a competitive market but rather we will be shipping the product to Chinese producers who will upgrade it into gasoline, diesel, and jet fuel, to fuel Asia’s economic growth.
Allan says it is in the upgrading and refining where the jobs are created, because it adds value. Instead the plan is to import condensate from the Middle East in order to make the bitumen suitable for shipping down a pipeline. That moves results in two pipelines being built in order to facilitate the export of bitumen.
Allan is of the position that by showing Alberta some tough love , by saying no to the pipeline flowing through B.C’s mountains , rivers and along the B.C. Pacific coastline, Alberta will be protected from the self serving plans of a handful of companies who are trying to hollow out Canada’s oil sector and increase Canada’s dependency on foreign condensate import.
Tomorrow a solution to make a pipeline a win, win and establish a Canada first oil policy.
Comments
Interesting how people don’t like foreign countries like China the US etc. investing in our country but will let non Canadian groups like sierra club, world wild life group etc. etc. come in and try to tell our government and Canadians what to do. Why do you folks allow that? These groups are pumping millions of dollars in trying to subvert this country.
When this country and Enbridge question these groups and their funding everyone gets their knickers in a knot.
Harper is the only politician with the balls to stand up against this subversion.
What is your issue dude, that all you got?
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