The gall…

Still processing Trudeau saying he will use 2 billion of tax dollars to bail out Kinder Morgan (aka Enron) to offset the company's risk. What a sham.

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Maybe....

Apr 16, 2018 at 5:08pm

we should annex with Washington State.

no...

Apr 16, 2018 at 5:35pm

it's the cost of living in a country with laws. Kinder Morgan went through the process and was granted a pipeline. If the no pipeline movement had succeeded, do you think Kinder Morgan would have said F-IT we are building it anyway?

Those taxes are generated from

Apr 16, 2018 at 8:37pm

The oil industry. Lol. Don't hear oil companies complaining about the taxes spent on spill remediation plans, schools, road etc. Seems the oil industry is has a more balanced outlook then you. Funny that

oil spill plans?

Apr 17, 2018 at 9:30am

it sure must cost them a lot when they just walk away. they NEVER pay what they should to cover their damages, again it's up to us to cover their ass while they profit billions and laugh.

Re: Oil Spill Plans

Apr 17, 2018 at 4:02pm

You do understand that Revenues are TAXED in Canada right? Do you know how to read a quarterly report from a public company or a balance sheet? Why don't you go do that right now and look for the Tax line under the deductions section.

The oil industry is the number one contributor to Canada's GDP. Do you know what that means? That means they the are also a primary contributor to tax revenue. It is so difficult discussing this situation with such a passionate yet uneducated army of environmentalists.

Get educated about tax revenue. Get educated about company balance sheets, revenue, margin, debt, deductions. Holy moly.

I want to know

Apr 18, 2018 at 1:47am

If it is how you say,how come the people that use to work for Kinder Morgan and other oil and gas industries are protesting with the protesters.
What do they know that you don't?

Godwin's Law of Economics

Apr 18, 2018 at 4:14pm

The original Godwin's Law was about the Nazis.
I hereby propose the economic version, pertaining to Enron.
Anyone who mentions Enron in an economics discussion where it is not directly relevant, loses all credibility.

Kinder Morgan profitably owns and operates (directly, in partnerships and through intermediaries) an absolutely enormous infrastructure across North America, reaching all the way into Mexico. It is NOTHING like Enron. The rights-of-way alone would be worth hundreds of billions (US$).
Also worth noting, the last time the Canadian government bought infrastructure (some decades ago), Canadian taxpayers did very well.
The energy infrastructure business has high barriers to entry, technical and technological sophistication, ongoing revenue, and non-discretionary upward-trending demand. Far better and less risky deal than pot (low barriers to entry, technical simplicity, complicated and changing compliance and production requirements, lots of competition and likely lower margins, discretionary purchase).
This is all publicly available info, and very easy to fact-check.

Everyone seems largely complacent about the huge volumes of oil and vastly larger volumes of coal shipped from and through BC (which exports FAR more coal, including the dirtier thermal variety, than anywhere else in North America). Coal dust is explosive, and oil transport via rail can be explosively dangerous. Never mind the spillage.
This pipeline drama is no better than the reality show (The Donald), but in a different ideologically delusional direction.
Strongly held, fact-free opinions are no better than whimsy. Like religion, conspiracy theory or the Flat Earth. They hold negative value.

11 8Rating: +3

@Re:Oil spill plans

Apr 18, 2018 at 4:21pm

Do oil companies enjoy tax breaks other industries do not ?
Do they pay carbon taxes ?
Why is there no bickering about unfair subsidies with NAFTA...ever.
Are most of the tax revenues generated produced by the consumers ?

12 6Rating: +6

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