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Bullboard - Stock Discussion Forum Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100... see more

TSX:BIR - Post Discussion

Birchcliff Energy Ltd > Trudeau and the oil patch demise
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Post by llerrad5 on Nov 07, 2021 10:35pm

Trudeau and the oil patch demise

Quoted below is a snippet from an article in the Globe & Mail. It discusses the lack of planning for the control of GHG emissions.

With Gerald Butts advising Trudeau we can expect direction without a business plan. A lack of planning in any endeavor spells disaster.

The following is an excerpt from Wikipedia covering Butts. Obviously he was an influencer on McGuinty’s misadventure in to green energy with Ontario Hydro. OH energy policy has resulted in outrageous electricity costs for households & industry.  Simply put Ontario Hydro costs are a disaster.

Gerald Butt demonstrates a singular desire for Green, without attention to overall planning. Canada can expect a disaster ,like Ontario Hydro,without an overall plan.

Wikipedia reveals the following on Butts’.....

In 1999, Butts became a policy director within the Government of Ontario.[8] He was the policy secretary, and later the principal secretary, in the office of the then premier of Ontario, Dalton McGuinty, in Toron[13] Prior to the 2007 election, Butts was a McGuinty insider. After the election, he became McGuinty's principal adviser. As one of his biographical notes describes it, Butts "was intimately involved in all of the government’s significant environmental initiatives, from the Greenbelt and Boreal Conservation plan to the coal phase-out and toxic reduction strategy".[14]

 Given the financial disaster of Ontario Hydro,would you trust Gerald Butts to advise Trudeau as to the outcome of a major factor in any planning endeavor?

Trudeau reaffirms pledge to impose GHG emissions caps on Canada’s oil and gas industry

The devil is not only in the details – such as how the federal government will decide which measurements will be used, what emissions will be counted, or whether individual projects or whole companies will be assessed. The confusion is also in how quickly Ottawa will cap emissions and force reductions.

The immediate concern from the oil sands producers headquartered in Calgary is not so much the 2050 goal – or even 2030 – but rather the new nearer-term targets.

As recently as March, former Environment and Climate Change minister Jonathan Wilkinson said he was reluctant to impose 2025 emission targets. But things moved quickly in the months following, with the Trudeau government in April promising to slash Canada’s greenhouse gas emissions by 40-45 per cent, compared to 2005 levels, over the next nine years. The Prime Minister said in large part owing to a carbon price that will hit $170 per tonne by 2030, Canada was in a position to “blow past” its 30-per-cent reduction commitment under the Paris Agreement.

If  Canadian citizens do not speak out when we think Governments are misguided, then we are all responsible for our future outcome.

Comment by Oldnagger on Nov 08, 2021 12:53am
What a bunch of elitist phonies these guys are. Butts came from Glace Bay N.S. Everyone there worked in the coal mines until they shut them down in the late 60's People hated the coal company even though it was the real resson for Glace Bay. Then came a heavy water plant (built twice and razed before ever truly working ) The locals learned to love that plant and all the Endless stream of ...more  
Comment by ghostzapper on Nov 08, 2021 9:37pm
I get some of what they are trying to do but IMO much of it doesn't get you very far if you don't do much with the mass consumerism, creative ways to eliminate waste and excess packaging.  And I don't think burning $1.40 litre gas to get all this stuff to the recyle depot solves this in a big way. 
Comment by Barkis on Nov 09, 2021 7:17am
I think the issue here is government incompetence and overreach. Also, you have people like Al Gore and George Soros influencing global energy poliies and lat the same time looking to turn a big profit to support their gross lifestyles. https://oilprice.com/Energy/Energy-General/Al-Gores-Hipocrisy-The-Climate-Crusader-Profits-from-Fossil-Fuels.html Watch Out. These type of people are very ill ...more  
Comment by checkup on Nov 09, 2021 11:28am
This post has been removed in accordance with Community Policy
Comment by marketsense on Nov 09, 2021 1:19pm
Idalogues such as JT are downright dangerous when they get in positions of power. The damage they can create because of inability or lack of competency and interest in anticpating the unintended consequences of their actions can be catastrophic.  It will end up destroying whole segments of industry and jobs without an adequate replacement while gladhanding with fellow like minded political ...more  
Comment by TouchDown12 on Nov 09, 2021 1:35pm
Hi Marketsense. I think you are spot on! I studied my family's migration in 1860 from the potatoe famine in Ireland. It basically came down to an energy crisis (food) along with a citizen crisis (no ability to govern your own intersts or be represented ahead of the UK government at the time). I am not trying to blame the UK - as there were alot of things Ireland could have done that they didn& ...more  
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