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Mon, 2014-03-17 15:00Farron Cousins
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Fracking California's Coast: Billions of Gallons of Fracking Pollution Legalized By Feds

If an energy company accidentally spilled 9 billion gallons of toxic waste into the ocean, the media, the public, and the government would be all over the situation.  But when it isn’t an accident, there is no reason for anyone to pay attention.

Such is the case with the fracking industry operating in California’s Santa Barbara Channel.  Federal regulators have given fracking companies the green light to dump as much as 9 billion gallons of waste into the waterway every single year.  This is in the same body of water that was devastated by millions of gallons of crude oil during a spill in 1969 that occurred as a result of a blowout on an oil rig operating in the area.  This environmental catastrophe led to the passage of the National Environmental Policy Act (NEPA).

Dos Cuadras Offshore Resources (DCOR) has been granted permits for four “mini” fracking exploration projects in the Santa Barbara Channel, all of which have been granted with certain environmental exclusions, as Truthout.org explains:

Wed, 2013-03-13 20:20Farron Cousins
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Ryan Budget Includes Mandatory Approval Of Keystone XL, Other Dirty Energy Giveaways

In what is becoming an annual tradition, Republican Representative Paul Ryan has put forth his budget plan for the coming fiscal year.  Ryan’s previous budget proposals were approved by the Republican-controlled U.S. House of Representatives, but rejected along party lines in the Democratic-controlled U.S. Senate. 

Not unlike his previous budget plans, the new Ryan budget would be a disaster for the environment.  In addition to cuts to crucial environmental and health programs, the budget would mandate immediate approval of the Keystone XL Pipeline.

Like other proponents of the pipeline, Ryan cites the “large” numbers of American jobs that would be created by the construction and maintenance of Keystone XL.  However, the massive job boon from Keystone is an industry myth, as reports – even those from TransCanada – show that the pipeline would only create a few thousand permanent jobs, so few that it would have almost zero impact on the unemployment rate in America.  Ryan claims that the pipeline will bring at least 20,000 new jobs to America, and an additional 118,000 in indirect jobs.  The State Department says that, in the end, only 35 new jobs would be created from the pipeline. 

As Ben Geman at The Hill points out, the inclusion of Keystone XL shows how entrenched the modern Republican Party has become with the oil industry, and how essential the pipeline is in the Party’s negotiations with Democrats.

Fri, 2012-12-07 17:21Carol Linnitt
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Harper Government Approves Foreign Acquisition of Nexen, Progress Energy, Affirms FIPA Concerns

Today Prime Minister Stephen Harper announced the approval of two major acquisitions of Canadian energy companies by foreign state-owned enterprises. The Chinese National Offshore Oil Company (CNOOC) will commence the $15.1 billion takeover of Nexen Inc., a Canadian company with major holdings in the Alberta tar sands. Malaysia's Petronas will proceed with the purchase of Progress Energy Resources Corp., a Calgary company with considerable shale gas plays in British Columbia, for $5.2 billion. Petronas has plans to construct an $11 billion liquified natural gas plant in Prince Rupert to prepare gas exports for Asia. 

Prime Minister Harper announced the takeovers, which are steeped in controversy, in tandem with new takeover guidelines intended to address growing concerns of foreign ownership of Canada's resources by energy-hungry nations. He remained silent on the significance of the approval for FIPA, the Foreign Investment Protection and Promotion Agreement, also known as the China-Canada Investment Treaty.
 
“Canadians generally and investors specifically should understand that these decisions are not the beginning of a trend but rather the end of a trend,” said Mr. Harper. The full meaning of that statement, however, remains to be seen. The Harper government's decision to ratify FIPA may mean deals done with China, like today's deal with CNOOC, will carry a new significance.
 
The government previously raised the threshold for official review of foreign takeovers from $330 million to $1 billion, signaling open arms to potential foreign investors with an eye on mega projects like the Alberta tar sands. However, today that threshold was returned to $330 million for state-owned enterprises.
 
“To be blunt, Canadians have not spent years reducing ownership of sectors of the economy by our own governments only to see them bought and controlled by foreign governments instead,” Mr. Harper said
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