11 Replies to “Seems Legit”

  1. Does Ontario want to die? Is that it?

    Well, I’m assuming SNC Lavalin will actually do work towards that end, which is kinda doubtful. Don’t all their projects start at a $Billion ? Perhaps the $304 Million is to restock their hospitality suites and launder some for the current #Libranos election run. #To_success

    Westinghouse, FTW

  2. The corruption and money laundering continue unabated . So much for responsible governance and accountability . Canadians who keep voting for this are beyond insane .

    1. We need a DOGE in Canada. Again was reading a headline at BPR in which it was discovered that 9 month old babies were receiving $ 100,000 USD loans. That is one precocious kid!

  3. AtkinsRéalis used to be known as SNC-Lavalin. (Nice try, guys. Changing your name isn’t going to reduce your reputation for corruption.) SNC and Lavalin were, up to the time they merged, separate EPC (engineering, procurement, and construction) companies, and they were huge.

    EPC firms often expand by acquiring other companies. Those can be competitors or outfits that have capabilities that they themselves don’t have. During the 1980s, I remember a number of firms that were associated with either SNC or Lavalin and that frequently showed up in their names.

    From what I gathered, Lavalin was in trouble by the latter part of that decade. According to someone I knew who worked for a certain firm in Quebec at the time, it was involved in areas that it had no business being in, such as running an oil refinery. The hole it found itself in was deep enough that it was possible for a smaller firm, SNC, to take it over.

    1. Lavalin bought a fleet of Boeing Airliners with an agreement to lease them to Aeroflot. A nifty way to get American technology into Russian hands. Then the Russians invaded Afghanistan and, the U.S. imposed embargoes, and the Russians cancelled the Lease, leaving Lavalin holding a huge debt. Lemarre’s folly.

      The Quebec Provincial government brokered a deal so that SNC, who was the second largest Engineering Construction company in Quebec, took over Lavalin which was the largest at the time. And Viola, Atkin Realis.

      1. I don’t remember the Aeroflot deal nor do I recall the Quebec provincial government’s involvement in the merger. None of that surprises me, though, especially after I heard about Lavalin’s “wink wink nudge nudge” arrangement with Kadaffi’s son.

  4. That’s probably better value than the $5 billion they are getting to “study” high speed rail, again.

  5. How many “Newspapers” could they sell, how many eyes could they attract to the CBC CTV “News” stations if they just interviewed the hookers that were hired to bang Gaddaffi?
    Nope.

    No matter how much you hate the painted up high heeled crickets.

  6. SNC Lavalin is in bed with AECL, in 2011 SNC-Lavalin purchased the commercial reactor division of AECL and in so doing, acquired the rights to the CANDU reactor technology under the umbrella of Candu Energy corp.
    They are above the law and “too big to fail”.

  7. Mike Harris is mentioned as one of the names who was involved in getting the company formerly known as SNC the loan.

    Is there anyone in Ontario political circles who doesn’t belong to the Big Club or isn’t eventually conscripted into it?

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