GREY:CPYCF - Post by User
Post by
mokitaon Sep 28, 2012 10:14pm
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Post# 20426767
CEC discloses to US investors it is not responsibl
CEC discloses to US investors it is not responsibl Definition of the Big Lie. If you tell it often enough, you begin to believe it. look at CEC disclosure statement to US investors--not responsible for its own reports of coal grade or for possible failure to upgrade coal. So, why would anyone invest in a company that cannot stand behind its own reports or its project proposal to export met. quality coal.
The SEC is quite clear on grounds for fraud--if a company knowingly misleads investors. So CEC gets off the hook re claims it will process high quality met. coal, but additional grounds for investor fraud center on the claim the company is consulting w/ stakeholders to ensure..... Every key stakeholder has publicly denouced CEC for failure to consider its needs for an environmentally sustainable project and every stakeholder has publicly itemized the omissions, psuedoscience, lack of transparency etc. in the environmental assessment submissions. Further, claims to investors that CEC would not be where it is in the review process unless it met stringent environmental demands that are "world class" is contradicted by the successful coal lobby to gut the Fisheries Act that prevents mine toxins from killing fish and fish habitat (passing of Bill C38) and Premier Clark's promise to remove evironmental restrictions that get in the way of economic development . More media attention on Canadian human rights and environmental abuses, along with the BC Auditor General's scathing criticism of subsidizing coal mines and passing on the billions required to clean up their contamination