Hauling the big boys out onto the carpet for virtue signalling, and throwing Canada under the bus. Shell abandons Canada’s oil sands, takes the money and dumps it in NIgeria, and invests in places like Russia where accurate environmental reporting will get you a one-way ticket to a gulag. And it gets worse. Read on…
No shit. I’ve been saying this for years.
Check out the Canadian Association of Petroleum Producers website for a study in gutlessnes.
What made you think you Canadians controlled anything… Useless babel & Pompous chatting of drivel….
You are cooked.. done…. Useless training ground of nothing….
Cheaper, quicker, more trustworthy to pay off Rus oligarchs, Nigerian Generals then Quebecers.
I seem to recall under Notely or Prentice or was it Redford, Hancock or Stelmach that Shell negotiated special Oil Sands production deals with the government to undercut everyone else in the name of climate change.
Yup at least Shell can count on the Dictator,King or Hereditary Chief to keep their contracts..
They know what such contracts with the Kleptocracy of Canada are worth.
Shell is smart …. Canada is no place for an energy company unless it’s the idiotic wind and solar joke.
What business that is not totally corrupt would want to do business in this Demented Domain …. ?
Sometime in the late 70’s a Shell station in San Jose wouldn’t sell me a battery. I was stuck on the road, I could read the parts book, I could see the fu****g battery charged and ready to go on the battery rack. Haven’t spent a dime on a Shell product since. Won’t.
The Shell Oil in the article–he didn’t happen to bear a resemblance to the actor Tony Curtis, did he?
(Let’s see who gets the reference…..)
This is in reference to back in the day when…
Tony Curtis was spotted by Billy Wilder, Screenplay Writer and Director, while he was making “Houdini” in 1953. Wilder thought Curtis would be perfect for the role of Joe for his movie, “Some Like It Hot.”
Wilder said, “I was sure Tony Curtis was right for it (the part of Joe) because he was quite handsome and when he tells Marilyn Monroe that he is one of the Shell Oil family, she has to be able to believe it.”
Imdb
Some Like It Hot must be the funniest English-language movie ever made. It takes a basic theatrical premise (drag, which even Shakespeare made use of in several of his plays) and builds a well-crafted story around it.
The final scene, of course, is absolutely priceless!
The actors were all brilliant. Monroe was eventually perfect after many takes.
What she said and did to Costume Designer Orry-Kelly when he told her that Tony Curtis’ derrière looked better than hers was priceless.
Tony Curtis’ real name was Bernard Schwartz. …. doesn’t match his handsome, but then, he did change it. Now you know why.
There are several other companies to provide you gas and diesel.
I don’t get it. I don’t understand what point the author is trying to make. Maybe you need to be Canadian . . .
So Shell is abandoning a high-cost, hostile production environment and moving ops and assets to friendlier places. Sounds like good protection of shareholder interests to me.
(Is this maybe about Shell being hypocritical in their pro-greenie public voice or something? If so, I could understand the sarcasm in the article. It just isn’t apparent to a furriner.)
Correct, Shell and others are moving to friendlier lower-risk jurisdictions as shareholders demand. The result though is that the oil will still keep flowing, mostly someplace else where no one gives a sh!t about the environment. Bottom line: Canada loses, Canada’s competitors win. The Liberal party (and the Left in general) considers this a victory.
Environment and emissions concerns are pretexts, nothing more. If and when oil sands become net zero, foreign funded NGOs will invent some other excuse (e.g. indigenous land claims) to oppose them.
Another great example is the federal government’s completely unnecessary purchase of Kinder Morgan trans mountain pipeline, and TMX, its expansion. This was part of Trudeau’s advertised Climate Action Plan. KM received billions of Canadian tax $, which then went to US companies to hire US workers to build US pipelines to transport US oil. Again, Canadians lose yet they’ve been brainwashed into believing that this makes them morally virtuous.
I don’t think this article is author Terry Etam’s best work. Shell sold Alberta assets, but so did Total, Statoil and countless other majors who have other places to invest their capital globally. Shell and Imperial/Exxon, unlike the other majors, have major Canadian downstream assets as well.
Both those companies and Suncor naturally sought to feed their Edmonton refineries with crude from their oilsands operations. Only Shell has chosen to partly abandon that advantage of integrating their own oilsands production with their own Edmonton refinery. Shell does still hold a 10% interest in the Athabasca Oil Sands (AOSC) project, down from formerly 60%, so they’re not completely out of oilsands upstream production. Shell’s website says total capacity of their Scotford refinery upgrader is 300K bopd and their 10% share of AOSC is only about 25K bopd, but they can definitely buy their feedstock from someone else.
I just assume Shell global HQ found other places to put that upstream capital investment that are less hostile to oil and gas than Trudeau’s carbon hating regime. It’s probably easier to sell upstream oilsands assets, as they did, than to find a buyer for their whole refining and marketing network across Canada. That would involve all kids of regulatory hassle with the Competition Bureau.
It is at the point, where it is now obvious that the interests of the oil companies are clearly not what we assumed them to be. Time to admit we were wrong; if the oil companies don’t want to fight for what we think they should be fighting for, then ask yourself “what do they actually want?”.
Ignoring everything they say, disregarding all the press releases, judged solely on their actions, the causes they give money to, the friends they have; what is Shell’s actual goal?
What has Shell actually been working towards for the past 10 or 20 years … .
Why should oil companies fight? They’re fighting not just the government but ignorant voters who elect them. Shell and others know that they’ll be welcomed with open arms and can run their businesses much more unfettered in other jurisdictions where environmental groups (if they even exist) will either ignore them, or if need be, be paid to go after Canadian competitors, which as we know pay high dividends.
“….the causes they give money to, the friends they have; what is Shell’s actual goal?”
I quit buying my oil and gas at Shell when they started running ads critical of the oil and gas industry; ads that seemed more like something a green would write than a company selling a needed product.
The number one responsibility of a public (or private) company is to make a profit.t That profit goes to -oh lemme see- Teachers Pension funds, Public Employees pension funds, private equity pension funds, individual investors and their pension funds. So if they can’t make a profit(and the liberal are ensuring they don’t) why stay. Sure, they were given grants, tax breaks etc. ,but the assumption was that they would be allowed to make a profit. The liberals have taken away that ability so they really have no obligation.
Destroy it all, drive all business away. Shutting the country down for a virus is just one more act as foolish as destroying our resource sector. Kill at least 50% of all small business. S O P for Canadians and the morons who run the country.
Irrelevant and horribly written article. CNRL, an Alberta company, buys Shells assets for a good price. What’s the problem? Canada may not be the best place to invest but CNRL knew what it was getting into and Shell knew what it was getting out of.
They day will come that someone will just come and take it from the Post National Pussy State.
I’m betting on the Chinese if the US dosen’t get it’s sh*t together in the next decade or so. Otherwise some future US globalist will decide that Canada is nothing more than a backwater full of very poor retarded feminists. Oh wait.