GREY:CPYCF - Post by User
Comment by
minor007on Mar 31, 2013 2:00pm
206 Views
Post# 21189486
RE: Re Walter Energy Shuts mine and charged w/ pol
RE: Re Walter Energy Shuts mine and charged w/ pol The economics of the project change with the price of the commodity. It is quite likley this project will not get off the ground immediately even if approved. If the majority of the population dont want Mining change the laws so the investors don't get led down the garden path filling out thousands of pages of work that employ hundreds of lawyers digging through looking for holes to stop anything that is put under their nose. Everyone has a commercial axe to grind from one side or the other. Countries can then get their metallurgical coal from a third world country that does not care about much other than food and shelter. It is a similar situation to the cement industry, since the carbon tax was started in BC the cement is now coming from third world countries instead of from Richmond using limestone from Texada.(less anthropogenic CO2) The industry and jobs are disappearing and Target and Walmart really don't care. Industry inevitably has some downside but the tradeoff is not pretty. Go up to Campbell Creek and shut down Quinsam while and you are at it or go to Fernie, Elkford and Sparwood and kill that to. I suspect most of the naysayers would continue on to Fort Mac and kill Syncrude and Suncor as well. ( better to wait for summer ) Walter is shutting down Willow Creek until met prices move up but Teck is pumping hundreds of millions into Quintette to fire it up again. Might want to spend a day or two shooting sea otters that are beating up on the shellfish growers and tell me they would never do that. Man those little puppies can chew up the crabs and prawns.