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Old 08-17-2022, 04:19 PM   #1401
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Even with LNG, why there aren't 10 proposals getting floated and approved on is beyond me. Surely there has to be some interest with a $200 million USD cost per shipment?
The cost associated with putting together a proposal for an LNG likely is not insignificant so I don't see why any company would want to waste the time, money and put in the effort into a project that won't happen in this country.
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Old 08-17-2022, 04:35 PM   #1402
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Sure you can, but you have to have buyers and sellers commit to long term. And with so much uncertainty, no one wants to.
Isn't it happening all over the world? Pretty sure countries like Qatar are signing long-term contracts.
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Old 08-17-2022, 04:50 PM   #1403
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Isn't it happening all over the world? Pretty sure countries like Qatar are signing long-term contracts.

If you were a global oil company that has the $ to invest into a LNG project, and were approach by both a Canadian entity and one from Qatar, who would you go with? The one that will take less money to make a better return? They won't pick Canada because we're nice people. Given our geographical and construction costs differences between the two countries, how can we compete for the interest of these companies? If you were looking to sign contracts for the supply of LNG, would you then pick Qatar who is doubling output and has investment, or would you take the risk on Canada?

Here's a quote from QatarEnergy.

"They need to demonstrate that they can give us a price that is above the market price because they would be coming onto the best project that exists in the LNG business from a cost perspective and a return perspective," he said.
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Old 08-17-2022, 04:53 PM   #1404
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Isn't it happening all over the world? Pretty sure countries like Qatar are signing long-term contracts.
Sure, but they have about 200km of desert to cross, and with enough slave labour can have them built in a few years. With all the uncertainties of a pipeline of that magnitude, crossing arctic tundra where permafrost may eventually not be permafrost, or, perhaps a volcano comes along and causes some global cooling making the arctic sea route frozen for decades longer than anticipated...nevermind the government hurdles...it just doesn't seem like something corporations will risk when short term stock prices are in control.
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Old 08-17-2022, 05:11 PM   #1405
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If you were a global oil company that has the $ to invest into a LNG project, and were approach by both a Canadian entity and one from Qatar, who would you go with? The one that will take less money to make a better return? They won't pick Canada because we're nice people. Given our geographical and construction costs differences between the two countries, how can we compete for the interest of these companies? If you were looking to sign contracts for the supply of LNG, would you then pick Qatar who is doubling output and has investment, or would you take the risk on Canada?

Here's a quote from QatarEnergy.

"They need to demonstrate that they can give us a price that is above the market price because they would be coming onto the best project that exists in the LNG business from a cost perspective and a return perspective," he said.
Canada has the most low carbon LNG though, which I think going forward is beneficial and something we should be pushing.

I get the benefit of working with Qatar, but I think on a bigger scale, countries have learned that putting all their eggs in one basket isn't wise either.

I do believe that if your government were serious, we could export our natural resources on a big scale, but for 25 years we've done jack #### to take advantage of what we have.
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Old 08-17-2022, 06:39 PM   #1406
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Originally Posted by Azure View Post
.

Even with LNG, why there aren't 10 proposals getting floated and approved on is beyond me. Surely there has to be some interest with a $200 million USD cost per shipment?
Kitimat LNG and the associated Pacific Trails Pipeline project have full approvals. They can start construction right now if they wanted.
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Old 08-17-2022, 07:23 PM   #1407
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Canada has the most low carbon LNG though, which I think going forward is beneficial and something we should be pushing.

I get the benefit of working with Qatar, but I think on a bigger scale, countries have learned that putting all their eggs in one basket isn't wise either.

I do believe that if your government were serious, we could export our natural resources on a big scale, but for 25 years we've done jack #### to take advantage of what we have.
But again, we are reliant on the corporations to decide that less carbon is more important that higher income. Good f'ing luck convincing them of that. All the big corps like Shell will say it's important, then they go full in with Qatar.... At some point we have to realize, while we have the resources, we are at a big disadvantage. Countries would for sure love to diversify their sources of energy, but a country is at the mercy of a company like Shell and others to form a JV to do a LNG project elsewhere so they can write that contract. What does Canada do now.... entice the energy companies to say please.... we'll cover 50% of the costs if you build here, but operational costs will be higher and you may still make less? The same companies that actually are swimming in cash, but still make the decision to invest elsewhere, so would throwing money at it even work?
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Old 08-18-2022, 02:48 PM   #1408
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It's also important to recognize the downsides of LNG export, including higher domestic gas prices and potential supply restrictions. Australia is a good example. The economic benefits of LNG export are significant, but it comes at the cost of wholesale gas prices there being about 5x higher than they are in Canada. And because producers in most states are not obligated to keep any of the gas they produce in the country, Australia is currently anticipating a significant gas shortage in 2023 in the eastern part of the country. They're trying to convince producers to set aside gas that's not already under contract to save it for domestic consumption, but that hasn't happened yet.

Ultimately, the payoff is worth it, but it's not as much of a no brainer as some people like to suggest, either for the companies that would be tasked with investing in the facilities or the country.
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Old 08-18-2022, 03:01 PM   #1409
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It's also important to recognize the downsides of LNG export, including higher domestic gas prices and potential supply restrictions. Australia is a good example. The economic benefits of LNG export are significant, but it comes at the cost of wholesale gas prices there being about 5x higher than they are in Canada. And because producers in most states are not obligated to keep any of the gas they produce in the country, Australia is currently anticipating a significant gas shortage in 2023 in the eastern part of the country. They're trying to convince producers to set aside gas that's not already under contract to save it for domestic consumption, but that hasn't happened yet.
For Australia, that problem may be unique to them. Most of the Australian states are against fracking, thereby limiting onshore production that could be used for domestic consumption. Something that is unlikely to happen in Alberta or even BC.

https://www.premier.vic.gov.au/enshr...acking-forever
https://smallcaps.com.au/fracking-la...and-territory/

This combined with many coal power plants getting to end of life with no replacement means Australian electricity prices have become extremely high.
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Old 08-18-2022, 03:45 PM   #1410
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Why would fracking be needed to satisfy domestic demand? Domestic consumption only uses about 20% of their production. The issue is that companies have sold off most of their production to foreign buyers. And while there is more than enough uncontracted production to satisfy Australia's unmet needs, because the price in other countries is so high it's far more profitable to export it. So that basically means that prices in Australia have to rise to match the profits that exporting provides. Or the government will have to enact regulations to make it difficult/unviable to export the gas that's needed. Most likely it'll be a combination of both.

And the same thing can happen in basically any country that has robust export capacity, unless they enact measures to reserve supply for the domestic market and/or take steps to ensure lower prices domestically. But then that makes the whole thing less viable and less likely to attract investment.
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Old 08-19-2022, 12:00 PM   #1411
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Who approved this contract without clearly doing a background or social media check

https://globalnews.ca/news/9071395/a...-tweets-probe/

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The federal diversity minister says he’s taking action over “disturbing” tweets by a senior consultant on an anti-racism project that received $133,000 from his department.
Ahmed Hussen has asked Canadian Heritage to “look closely at the situation” after what he called “unacceptable behaviour” by Laith Marouf, a senior consultant involved in the government-funded project to combat racism in broadcasting.
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Marouf’s Twitter account is private but a screenshot posted online shows a number of tweets with his photo and name.
One tweet said: “You know all those loud mouthed bags of human feces, aka the Jewish White Supremacists; when we liberate Palestine and they have to go back to where they come from, they will return to being low voiced bitches of thier (sic) Christian/Secular White Supremacist Masters.”
Marouf declined requests for comment, but when asked about the tweet, a lawyer acting for Marouf asked for his client’s tweets to be quoted “verbatim” and distinguished between Marouf’s “clear reference to `Jewish white supremacists,”’ and Jews or Jewish people in general.
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Old 08-19-2022, 12:06 PM   #1412
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Who approved this contract without clearly doing a background or social media check

https://globalnews.ca/news/9071395/a...-tweets-probe/
Nothing like employing a racist consultant for an anti-racism project. Maybe their thinking is that he could provide insight on racist thinking?
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Old 08-19-2022, 12:07 PM   #1413
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Who approved this contract without clearly doing a background or social media check

https://globalnews.ca/news/9071395/a...-tweets-probe/
When you hire a company/agency to do something, do you check all the social media profiles of all people that work for them?

The guy should fry, but don't try to put this onto the government for failing somehow.
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Old 08-19-2022, 12:24 PM   #1414
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When you hire a company/agency to do something, do you check all the social media profiles of all people that work for them?

The guy should fry, but don't try to put this onto the government for failing somehow.
They didn't even hire this company; the company applied for grant funding and received it on the merits of their project. Basically the way it works is:

1) The government calls for grant proposals for various things.

2) Companies/charities submit them, explaining their project, the benefit it provides, and why it's needed.

3) The proposals are assessed on their merits/needs and funds are granted based on the program's criteria.

So what happened here is that one of the hundreds of programs that is funded by Canadian Heritage was being implemented by a company that has this guy as a consultant. If the civil servants adjudicating the grant programs had to pore over the social media profiles of everyone involved in each of the thousands of applications they receive for every single round of funding for each grant program, there'd be no money left to actually fund anything.

And grant programs normally have conditions on the funding, for situations exactly like this. If, after the funding is awarded, the company/charity has been found to violate the terms (which this could certainly qualify for) then the funding can be pulled and must be repaid.
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Old 08-19-2022, 03:23 PM   #1415
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Sure, but for a grant linked to anti-racism, they should absolutely be looking at public comments by the people involved, and at their social media.

Lets see how hard the government goes after getting the money back.
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Old 08-19-2022, 09:51 PM   #1416
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It's time for a change in our federal government. We need someone with the balls to say it like it is, and do something about it. PP may be too abrasive for some, but I like what he is saying. I see him as a reaction to the sickening state of affairs we have been left with, after 6 years of liberal mismanagement. We need to:

1. maximize the value of our resource economy in order to pay for our services

2. change the tax and over regulated system to encourage foreign investment

3. reduce the layers of red tape

4. more openness and cooperation among provinces

5. more capable and business oriented people in portfolios

6. more transparency in government

7. less political overtones in our newsrooms

8. Etc.

Government's should not be run like a business. They are not meant to be profitable. The entire economy should be run to keep inflation manageable, debt, deficits and the rest is all bull####. It doesn't matter.


The only one I agree with is point #1. Also, Nuclear power.
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Old 08-20-2022, 07:21 AM   #1417
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In terms of nuclear, Canada may at one point lead the world in with SMRs.

Not sure if the Feds have helped with any of that, as it seems the provinces are leading the charge.
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Old 08-20-2022, 09:07 AM   #1418
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Federal Government orders a probe into Veteran Affairs over an employee offering MAID to a veteran.

https://globalnews.ca/news/9072857/c...investigation/

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In a statement provided to Global News on Friday afternoon, a spokesperson for Veterans Affairs Minister Lawrence MacAulay said that the minister “has directed his Deputy Minister to undertake a full and thorough investigation into this matter.”
MacAulay is also ordering that, “all front line staff at Veterans Affairs Canada are given formal training, direction, and advice on how to approach issues around MAiD,” the statement added.
The investigation and training come after Global News first reported on Aug. 16 that a Veterans Affairs Canada (VAC) employee had discussed medically-assisted dying with a veteran, a case that veterans’ advocates said made clear the stark stakes of the ongoing struggle for veterans to access supports.
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Sources told Global News a VAC service agent brought up MAiD unprompted in a conversation with the combat veteran, who was seeking treatment for post-traumatic stress disorder and a traumatic brain injury.
Global News is not identifying the veteran who was seeking treatment due to privacy concerns but has spoken directly with the individual, who says the service agent brought up MAiD repeatedly and even after the veteran asked the service agent to stop.
The veteran said he felt pressured as a result.
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He also said that the service agent told him in the call about having helped another veteran access resources for medical assistance in dying through Veterans Affairs Canada, including support for that person’s children who were struggling with the impending death.
The veteran told Global News that service agent told him that the other veteran went through with a medically-assisted death, and that it had been someone who was determined to end his life.
“Better than blowing his brains out all over the wall or driving his car into something,” the veteran says the service agent told him when describing that separate case.
Are these agents working on a Quota? Maybe he should have offered scotch guarding on the persons urn to close the deal??
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Old 08-21-2022, 08:06 AM   #1419
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In terms of nuclear, Canada may at one point lead the world in with SMRs.

Not sure if the Feds have helped with any of that, as it seems the provinces are leading the charge.
What have the provinces done? I have only seen the feds on SMR’s since about 2018 https://www.nrcan.gc.ca/our-natural-...ion-plan/21183
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Old 08-22-2022, 10:37 AM   #1420
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https://twitter.com/user/status/1561748963593789441
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