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Originally Posted by Hackslack
Not talking fund managers. I’m talking about the Joe Biden’s, who puts thousands of his own people out of his work his very first day in office, only to beg the Saudi’s and Venezuela’s to pump more oil just months later because their economy is starving for more and more. Talk about a big fat egg on his face… Venezuela is a heavy oil blend, with higher GHGs per barrel, and Biden is drooling at their nipple for more. Why Venezuela over a secure, friendly source in Canada? ESG factor? Really?… probably helps support the message of the “ethical oil” ad in Times Square, to help inform people that the Venezuela’s and Saudi’s don’t have to be the option.
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I'd say a billboard in Times Square is more likely to be aimed at bankers than politicians but sure ...
As to buying Saudi and Venezuelan oil, time frame matters. For an administration that wants to cut national oil consumption, they aren't likely to be want to tied to supply arrangements which need decades to pay off.
Lastly, the way the KXL folks handle indigenous protests, Standing Rock, etc should have been a clue that it's unlikely to be supported by a Democratic administration. Trying to force a fait accompli was a bad call.
On the broader point, again, Canadian producers can help themselves by going balls to the wall to cut emissions. I appreciate the nice dividends that I get. But I think they are morons for trying to sustain my dividend and fight back demands to cut emissions with PR. They better hope the next CPC government doesn't give them all they are lusting for, or their global reputation is going to end up on par with Newfoundlanders who club baby seals.
Quote:
Originally Posted by Hackslack
Nobody is discounting communities concerns. They have every right to ensure their way of life will not be negatively effected, in any way, whatsoever. There substantial negotiations and certainly massive cheques are cut, and guarantees. Guilting communities is not part of the playbook.
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You can say this. But it's pretty hard to ignore the Quebec and Maritime bashing that keeps insinuating they are welfare bums. From where I sit that very much looks like an attempt to guilt them into acceptance. Either way, that pipeline will never have a business case again. It's time for oil sands producers to focus on Asia and the US and on taking concrete steps to make their product less emissions intensive instead of constantly bitching about the demand to do so.
Personally, I would actually support public investment from the feds to help the oil sands clean up and to help them diversify quickly into things like carbon fibre. But there needs to be an acceptance here to do some work.
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