The president and chief executive of Cenovus Energy warns investor confidence in Canada will erode further if the Trans Mountain pipeline expansion doesn’t get built.
“Canada really is at a crossroads,” Alex Pourbaix told BNN Bloomberg in an interview Thursday.
“This country has extraordinary oil resources, the third-largest resources in the world, and a track record for responsible development,” Pourbaix said. “And I think right now the international community – and particularly the investment community — is watching.”
But ‘going Galt’ isn’t just for pipelines anymore.
Car2Go, the prominent car-sharing company that claims 80,000 users in Toronto, will stop operations in the city on May 31, it announced Thursday in a release.
The company blames city hall, saying a new free-floating car-sharing pilot program passed by council in April after months of debate is overly restrictive and renders its service “inoperable.” Specifically, it called the parking permit fees of about $1,500 per vehicle “unprecedented.”
“City councillors have passed a heavily restricted pilot that ultimately weakens mobility options for Torontonians,” said Car2Go North America chief executive Paul DeLong in the release. […]
Mayor John Tory issued an email statement accusing Car2Go of choosing “confrontation over collaboration with city council.”
Maybe he should just sue them back into business.
h/t Raid, Dan T.
The left absolutely wants to destroy the oilsands in order to deny the US access to this strategic asset. Trudeau, Notley, Horgan, etc are all just delusional pawns in achieving this objective. They don’t give a damn on the impact to the canadian economy, in fact, it is a bonus as it helps keep financial and political power in the cesspit of corruption known as quebec as long as possible.
The energy companies or anyone looking to invest should not just consider stopping investment, but go hard and punish those regions that support these lefty azzholes. 3.00$/l gas in vancouver, toronto, montreal with a .50cent increase every 6 months as an private ‘enviro fee’ sounds good, also introduce private enviro ration cards for these green urban assholes. All in the name of being more green than the left, the energy companies should wrap themselves in the flag of moral superiority and absolutely shove it up the left’s azz.
The left hates you, really, really hates you – take a page from their book and show them how the game can actually be played.
They don’t give a damn on the impact to the canadian economy
They’re simply following the example of their Bolshevik idols. Remember, the Bolshies didn’t hesitate to sacrifice anybody and everybody in order to build their idea of a socialist paradise. Mao wasn’t any different, nor was Pol Pot.
Everybody keeps forgetting that and the educational system ignores it.
“The left absolutely wants to destroy the oilsands in order to deny the US access to this strategic asset.” In addition, it is even worse than that. Their ultimate aim is to deindustrialize Canada as per Maurice Strong’s dream. McGuinty and Wynne have done a great great job of chasing industry away with high power rates and their NDP ideological partners want to do the same to western Canada. How many major industries in Ontario have closed shop doors now? I have lost track. The closing of the oilsands would take western Canada economically back three quarters of a century with only farming and related industries and some lumbering, a little mining until they shut that down also.
The only way forward for the west, is out. It is as simple as that.
Anyone not talking separation from Canada, is not worth paying attention to.
Canada is going down because the majority of voters are socialist morons who think that man can control the climate and the government can supply all their needs.
“The left hates you, really, really hates you…”
Actually no, they don’t. They just don’t care about you, no feelings at all other than your usefulness in getting what they want.
The case of Car2Go is similar to the case of Uber in Calgary. The respective far-left city councils ensure that the low cost alternatives to taxis are made artificially expensive. This ensures that the scum behind the taxi companies continue their monopolistic rackets as before.
Tory is just a CINO, a Liberal in disguise and always has been.
To damn him with really, really faint praise, he is a marginally better mayor than Olivia Chow would have been.
Follow the ethnicity in the case of Calgary.
No idea what’s going on with Car2Go in Toronto. Here in Vancouver there is Car2Go, Evo, Zipcars, Modo et cetera. I have nothing against this type of company, but they should pay for parking like everybody else. And yes, Vancouver City Council takes money from the taxi companies and then blocks out Uber and Lyft.
The “solution” to the parking issues of Car2Go, Evo, Zipcar, etc is under construction/development even as I write. It is, of course, the self driving car. Reflect a moment. You live in the city. There is a serious problem with finding a place to park your personal car and really, you don’t use the car all that much anyway because…… you live in the city.
When self driving cars are fully developed, if you need a car, no need to look for it parked someplace as is done today. Instead, request a car and it comes to you. You use the car to get where you’re going. The car then goes somewhere else …. to another person or to a designated spot. And it does this automatically. The parking issues such as Toronto is having become non-issues. Welcome to the Future…… it’s almost here (at least for people living in big cities).
I give it 10 years………………
When you first heard about cold fusion, how long did you give that?
Very “progressive” … but I am curious, David … which car share corporations will win the restricted government regulated “medallions” for operating within the city limits?
http://boston.cbslocal.com/2018/05/18/bike-share-battle-boston-area-blue-bikes-ant-bicycle/
It seems as though the bike-share operators are already fighting each other for the exclusive “right” to operate their own government regulated MONOPOLY … without all that messy FREE MARKET competition. A system designed for corruption.
I could care less if city dwellers – yecch! … want the “convenience” of sharing cars. So long as I am not PREVENTED from driving my own PERSONAL car within the city limits with complete FREEDOM. Here in SF … the city is beginning to place institutional restrictions on car ownership … including zoning codes that prevent and/or LIMIT the number of automobile parking stalls in multi family housing projects … in order to FORCE residents to park their cars offsite (a practical impossibility). SF has declared open WAR on cars. Sorry … I prefer FREEDOM of movement.
Canada needs an armed republican revolution by the citizen sovereign to wrest control and ownership of Canada from it’s foreign owners (the eminently retarded Queen Elizabeth and her autistic retard son Prince Charles) and her aristocratic enablers to become a truly democratic nation of self-rule like the USA.
What are you talking about? The British monarchy has absolutely no power or influence in Canada. They’re figureheads, nothing more.
The bankers have us by the nuts…
Canada needs an armed republican revolution by the citizen sovereign to wrest control and ownership of Canada from its domestic Laurentian elites, their eminently retarded figureheads, Justin and Butts, and their foreign controllers, Soros and company.
That is a big bingo! You have it exactly right where the power lies.
On a related note, Trump admin has just gone to bat for a freer market in Canada by invoking the WTO against BC’s local-wine-only policy in grocery stores.
Good! Most B.C. wine is expensive and is like drinking grape juice with battery acid. They keep touting B.C. wines as “award winning”, but who decides who wins the awards? The wine producers do, as incestuous as Hollywood in their own way.
Indeed.
This is about protecting the oligarchs in the taxi industry. WTF is wrong with every city council in the country that thinks it’s a good thing to limit taxi licenses?
You do know that Canadians are very, very, stupid?
Limiting taxi licenses makes license holders into automatic campaign donors for politicians.
If politicians could figure out a way to get money for themselves out of Uber and Car2Go, they’d dump the taxi drivers in a second.
In the coming months and years it will be made more and more exceedingly difficult to “Go Galt” in Canada. The latest move by the Liberals in their new “post National State” is to strengthen their commitment to diversity and open borders. It wasn’t enough that the membership in the national police force was thrown open to foreign nationals it now appears that the Liberal Party of Canada is about to enlist foreign nationals in our armed forces.
http://www.cbc.ca/news/politics/caf-military-foreign-recruits-1.4675889
The Liberals, the party that accuses the Conservatives of ‘scare tactics’, once produced a scare electoral campaign add and accused the Harper government of bringing “soldiers with guns to the streets of Canada”. Those soldiers would at least have been Canadians, now we know why the Liberals are bringing back to Canada the fighters recruited by ISIS, they are going to be the backbone of the new Armed Forces of Post National Canada (AKA, The UN/SOROS Beach-head Brigade).
Hey, like the old recruiting slogan said, there’s no life like it.
Like Jack Buckby said in a recent Rebel video, in order to change the culture, one needs to change the population. That, clearly, is what’s happening to the future Caliphate of Canada.
This country is a becoming a Joke. The neo-Marxists loath everything about strong individualism, liberty and freedom of speech. Wierdo Group-Think is their norm not to mention the destruction of wealth.
The governments at all levels are filled with cowards who only want to get re-elected, damn the long-term or short-term consequences of their decisions. Hopefully it breaks apart so the entirety of the Joke doesn’t reach Sh!ithole Status.
The governments at all levels are filled with cowards who only want to get re-elected, damn the long-term or short-term consequences of their decisions.
What does one expect from politicians who complain that there’s never enough tax money to do what they think needs to be done but there’s always enough tax money to vote themselves a pay raise?
And then there are those civil servants who behave as if their government jobs beat working for a living. I dealt with lots of them in the last year and a half during the process of settling my father’s estate. Just don’t ask complicated questions or use long words with them.
“The governments at all levels are filled with cowards who only want to get re-elected, damn the long-term or short-term consequences of their decisions.”
Yup. And the country is filled with me/now voters who demand nothing better.
I am glad I am old and many of my friends say the same thing, but we fear for our grandchildren. I would bury every socialist in Canada if I could but that is just wishful thinking.
I admit – I read the article but did not listen to the whole audio. But Daimler (car-2-go/aka rent-seeker2go) is not small potatoes, and as a taxpayer I object to the government picking winners and losers. If all taxpayers have to obey and pay for parking then why not car-2-go. Virtue signal on your own dime. Why should car-sharing necessarily be less affordable? Isn’t virtue (signaling) its own reward. Don’t you wanna save the planet? For the children? etc. Level playing field is what I want – taxi co’s deserve this pain but car-2-go can probably make this work if they wanted to. I suspect there’s more to this than parking fees. Better to examine why the cost of doing business in Canada is prohibitive for all. My math: c2g owes $12.50 per user in fines – paid yet? C2g would have to charge each user $6.56 to pay for parking. How could that be a tipping point for Dailmer? Parking anywhere you want – no way – play by the same rules as everyone else. Buy a resident’s permit like everyone else. This boils down to rent-seekers not getting special treatment like they are used to, and they are acting like spoiled children. They had the advantage of ease-of-entry, now they have to grow up and act like responsible citizens too.
The first Galt comparison post is simply green theocracy in action, the blind faith in unicorn energy solutions (offered by green anti-industrialists and promoted by rent seekers) and the delusional institutional left thinking that the omniscient state can get its serfs off carbon without destroying the economy. The second is the difficulty of reversing local government’s monopolizing the taxi business through nanny-state licensing. Even most “conservatives” would be loath to a truly competitive taxi structure where just “anybody” can offer rides. “Think of the children’s safety!!!!!!!”
Most Canadians are liberal and vote liberal. Canada would fit nicely into the EU.
It is remarkable that the few conservatives in the country can actually form a federal government from time to time. It speaks well to the ability of conservatives to get their vote out.
Going Galt is a concept that in reality doesn’t exist. You have to do what you can to survive even in a hostile business climate.
Captcha: click on all the taxi’s in the squares……ffs
what conservatives, the ones like John Tory. That sum beech is more libtard than classical liberals. We’v had a derth of “conservative” leaders here in ontarIowe. I think Harris was the last one. My rep is a damn libby running as a con. And than you get federal cons verbally wanking off about “dope” and sex issues. Can some one tell these idiots you can’t govern from the opposition benches, and that strategy is part of getting elected, pissing a large part of the electorate off is poor strategy , are you listening you bible thumpers???????
I am the only living conservative in Canada. I hang up on conservative party phone calls.
Hey, Lance has said many times he doesn’t want social conservatives. You want my vote gone? Done.
Welcome to the world you thought you wanted. Hope you like it.
The only correction to this problem is the one Maggie Thatcher pointed out.
When they run out of other peoples money the lenders they end up with are not investors.
They are the ones looking to liquidate some of the assets.
KM will I predict pull out of the planned expansion, but they will retain ownership of the existing and now more lucrative pipeline.
Juthtin will be faced with the reality of a shrinking GDP (less profits for the government to tax) and having to find lenders willing to bet on a government that is creating an unsuitable business climate.
Then the question is
Just what if anything has juthtin accomplished?
The far left will have to move to the middle. Remember when income trusts boosted investments in Canada. We will come full circle and if we don’t the country will be doomed if it isn’t already.
Your naivete is mind blowing. 60% of Canada voted far left in the last election.
Well, then, your mind just exploded! ☆ ° ☆° ☆°
☆° ☆ °
That election was about expert cheaters who know how to print more voting cards than there are voters. You do not know what you are saying like they do not know what they are doing.
It was the Liberal Govt, under Jean Chrietien who boosted investors into the Patch, through Income Trusts. Canada was told in no uncertain terms, by the I.M.F. to pick up it’s socks and put on it’s tennis sneakers and no more writing the budget on a paper napkin.
If you think you’ll get your welfare check from the One World government don’t hold your breath. Your head might explode again when they say no because you are rich enough. You might have to just ” make better choices”.
I rest your case, now where is my gavel!
It’s incredibly difficult to find parking in Toronto, regardless of price. I have no problem with the city freeing up some spots for the paying customers.
Moronto is a shyhtehole and Tory is a failure. I know gays more conservative than that washed up, hair-dying putz.
THE Leap (away from reality) Manifesto Mental Midgets are going to make Ontariowe great again when they win the coming election. I think they plan on paving roads with hemp, making bridges out of bamboo and making school gymnasiums safe injection zones. Everyone will have a job but nobody will work.
As the population of Canada keeps increasing, but we cannot produce more goods like oil and gas, not even more transportation services, the laws of supply and demand will mean ever increasing prices for dwindling resources and services. Oh, never mind, the left will just put on price controls, and force you to provide goods and services even if you lose money to do so.
Have said this before, but a solution could be found to this pipeline impasse. Sentiment in B.C. outside of the green belt (parts of Vancouver and south Vancouver Island) is generally pro-pipeline. The rest of B.C. is resource oriented and opposition is limited to the few eco-freaks in any given community. I saw a public opinion poll result saying even in B.C. support is 55%. That’s basically all BC Liberal voters and BC Conservative voters plus a few NDP union members who want a job. Also I don’t think a lot of that 45% opposed is all that strident, it’s not like a life or death issue. What might speed things up would be a guarantee that B.C. won’t be on the hook to pay all the costs of any clean up should there be a large-scale cleanup necessary. This is what Christy Clark was trying to negotiate before she got removed from power. If Alberta thinks it would be politically sellable to go ahead with us holding all the potential clean up costs, that is not going to be the case. Kinder Morgan has a bad reputation in B.C. after one of their pipelines went Old Faithful in a residential neighbourhood.
These facts need to be publicized so we can get going on a deal in a real world setting. My opinion as one of four million citizens here is that we don’t want to hold up the project or cause a problem for another province or the country as a whole. A lot of us have friends and relatives in Alberta. We don’t need this hassle, and this is a resource based province also. But nobody should think this is vacant land that another province can just plan to use in any way they see fit without consulting anybody. Doesn’t that make sense?
The walk back will start when some BC town goes Lac Megantic.
So Kinder Morgan once spilled some oil you say…
Where is the side by side video of that spill and aftermath, and Lac Megantic?
And why was some tiny broke railway sued, when it’s the pipeline protesters and their backers with the deep pockets?
American money supported by those who are pushing socialism, like soreA$$ and steyer. Your post is basically bullshit on toast, nothing more. Problems are there to be solved, as they have in many other places. KM, ain’t the first pipe line in the world!!
Relax Peter, under Canadian law if a spill occurs the pipeline company pays. BP paid billions to clean up the Gulf of Mexico blowout. I’m betting KM paid every dime to cleanup the residential neighbourhood when their pipeline went ‘Old Faithful’. The law is on the side of BC – that is the real world setting.
Nobody in Alberta saw Christy Clark as anything but an extortionist trying to extract money for approving the line. She was holding Alberta for ransom.