fbpx
Connect with us

Opinion

JASON NIXON: Canada failed at COP26

Alberta Environment Minister Jason Nixon writes that while Ottawa makes empty gestures, Alberta is making tangible progress on GHGs.

mm

Published

on

Guest Column from Jason Nixon, Alberta Minister of Environment and Parks and MLA for Rimbey-Rocky Mountain House-Sundre

COP26 has ended in Glasgow with Canada making more empty pledges while the world’s largest emitters continue to feed their energy needs and develop their economies.

While some called Canada’s empty pledges a victory, the reality is Canada’s government foolishly capped the most ethical, environmentally friendly oil and gas in the world.

And this point cannot be stressed enough: Canada did not provoke a single large-emitting economy to follow their empty pledges and rhetoric.

In short, Canada’s government failed at COP26.

Now, the federal government holds on to the belief that Canada has a social licence to propose things like tripling the carbon tax.

Global leaders did not follow Canada on their empty pledges and they’re right to be skeptical of their leadership. Socialists in Alberta were even burnt by the guy Trudeau appointed as his Environment Minister. 

After standing on stage endorsing Rachel Notley’s climate plan exactly six years ago in 2015, Stephen Guilbeault stabbed Alberta’s socialists in the back when he supported the National Energy Board’s ruling that it would assess the downstream emissions of Energy East – a pipeline project that would’ve seen Canada clean up its own internal energy consumption.

International investors and the world’s largest emitters took notice.

Canada needs to be focussing on investing in actual emission reductions and mitigation projects here at home. Instead, it finds itself foolishly throwing targets at the sky to dazzle the chattering classes to feed their appetite for buzzwords and self-flagellation.

Alberta’s government on the other hand stayed at home to make investment announcements that keeps our industry competitive, cuts emissions, and gets Albertan’s back to work.

By focussing on practical solutions and tangible emissions reduction results here at home, Alberta is protecting the environment while creating thousands of jobs in construction, trucking, electrical engineering, and more.

That’s why Alberta’s government also invested over $100 million in industrial energy efficiency and carbon capture, utilization and storage projects across Alberta’s oil and gas industry. As we maximize the value for Alberta’s clean hydrocarbons with commercial scale funding, regulatory enhancements, and knowledge sharing – Alberta can export emissions reducing innovation technology throughout the world along with the clean, ethical hydrocarbons.

That’s actual progress. 

International investors are taking notice of Alberta’s policies and carbon infrastructure too. Dow Chemical announced the world’s first zero-emission ethylene derivatives complex will be built in Fort Saskatchewan, creating thousands more jobs. As that announcement was made, CEO, Jim Fitterling, said on the floor of the New York Stock Exchange, “You have to have policies that support moving to low-carbon emissions and that’s what we’re doing up in Alberta.” 

He’s right. 

That’s exactly what we’re doing here in Alberta.

And we want to re-assure our international partners and investors – Alberta will do everything in its power to provide certainty to our largest industry, tangible results with industry and the talented workforce that supports innovation here in Alberta.

We won’t wait for Canada to dictate terms to us. Alberta will protect our industry and grow our resources.

Guest Column from Jason Nixon, Alberta Minister of Environment and Parks and MLA for Rimbey-Rocky Mountain House-Sundre

Continue Reading
3 Comments

3 Comments

  1. Leslie Solar

    November 23, 2021 at 4:25 pm

    left coast is correct. I have followed this hoax and fraud for around 30 years. “Emissions” of CO2 by humans (or cows or…) does NOT CAUSE GLOBAL WARMING. This has been clearly established. Its as clear as the nose on your face, if you do a smidgen of research, going back a few years.

    Here we have a CABINET MINISTER who cant figure it out. No wonder this government is in trouble with its voters. India had enough sense to NOT agree to decimate its energy supply. (They also had enough sense and cojones to tell their people, and the IPCC, that Pauchuri and the IPCC were full of it when IPCC said that a glacier in that region was going to be melted in less than 35 years, and some of their people were panicking.)

    Nixon could do well to do some research, and then tell it like it is. We dont need both him and Trudeau sucking up to the globalists with their disguised wealth transferring project that will hurt us. If his staff cant find the references for him, I would be happy to post a few references on here for him. Or he might pick up the phone and find the numbers for Dr. Ross McKittrick (Fraser Institute, and Prof. at University of Guelph) who debunked the hockey stick graph 2+ decades ago.

  2. Mises

    November 23, 2021 at 1:22 pm

    Mouthpiece of medical segregation party at it again trying to divert attention of population. We have roughly 20% of most active and hard working people in this province sidelined economically and socially and this clown running errands for his compromised boss.

  3. Left Coast

    November 23, 2021 at 10:30 am

    Canada’s CO2 emissions are 1.6% of Global Emissions . . . miniscule and irrelivant.

    When you factor in Canada’s land mass & massive amounts of Greenery, I suspect NONE of that CO2 ever leaves the country. It contributes to the growth of crops & forests.
    Putting CO2 in the ground (aka Karbon Kapture) is quite insane and a complete waste of time & capital.

    CO2 cannot warm anything . . . it is a massive lie !

    We’re at the same global temperature as 20 years ago, but the science is “settled.”

    What should we do going forward? Absolutely NOTHING, not until China, India and the other massive Polluters catch up. 30 odd million dumb Canooks cannot change the Planet.

You must be logged in to post a comment Login

Leave a Reply

Opinion

MORGAN: 10 days of living free south of the border

“Canada remains in a state of absurd regulation and induced panic.”

mm

Published

on

Back in 1987 I had the opportunity to tour parts of the Soviet Union during its waning days as an empire. The experience contributed greatly to the political outlooks I hold today. There is nothing like a good dose of seeing extreme socialism firsthand to develop an aversion to that broken ideology.

The creaking, groaning Aeroflot jet deposited us on the Moscow airport runway with a slam. While the jet was serviceable and Aeroflot’s safety record was safe — as far as we were allowed to know — it was truly a no frills ride. The service was gruff, the interior dilapidated, and the flight rough. It was much like everything else in the Soviet Union. You got the bare basics in service and had no other provider to compare the service to.

Customs were typical and thorough as all of our bags were searched. What was unusual was the contraband the customs agents were searching for. Rather than drugs or weapons as is typical at borders, what the Soviet agents sought were books, magazines, and cassette tapes.

The top priority for Soviet customs agents was the prevention of outside information getting to the eyes and ears of the citizenry.

Citizen defections were growing along with general unrest against the state. As news from the outside world trickled in, people in Soviet Russia began to realize they didn’t need to live as they had been.

Nobody was starving when I toured Russia. People weren’t homeless or unemployed. It was indeed a socialist paradise as far as providing basic human needs was concerned. Life was drab and miserable though. Everything from the endless rows of apartment towers to the dull standardized clothing was unremarkable and depressing. Food was plentiful but it was bland and without variety. You ate to survive, not to enjoy yourself.

People in Soviet Russia had become accustomed to having their lives controlled. They accepted the reality that the state would tell them where to work, how to live, and where they could travel. They all shared fear of all authority figures. Police carried no weapons as nobody would dare defy them for fear of the repercussions from the state later.

People in the Soviet Union were not living; they were surviving. The only thing keeping the empire from crumbling was the maintenance of the illusion it wasn’t better anywhere else. As long as citizens didn’t know how life was outside of the Communist Bloc, they remained content, though unhappy. This was why the government worked so hard to ensure the populace never knew any better. In the German “Democratic Republic” (East Germany), the regime did its best to block the radio and television signal from just a few blocks away.

Eventually, the dam broke. Information and consumer goods continued to leak into the Soviet Union despite the best efforts of the government. Pressure from within finally brought the USSR to an end as citizens realized they no longer had to live this way and a better world existed outside of their borders.

While Canadians are hardly living in conditions as miserable as those of the Soviet Union, we are living under severe restrictions and within a fear-filled and unhappy existence right now while many, if not most, don’t realize it doesn’t have to be this way.

I just returned from a 10-day road trip throughout the United States. Aside from seeing the sporadic and voluntary use of masks, it was hard to tell that to the north governments acted as if it was a wartime emergency. People were relaxed while dining together, events were at full capacity and conversations are actually being held on matters unrelated to COVID-19. Life is damn near how it was two years ago down there and their world isn’t ending because of it, at least in the states I visited.

COVID-19 still exists in the United States and they are still experiencing challenges due to it. Infections are being watched and health care facilities are under pressure. Political battles between authoritarians and libertarians are going on and some people are still fearful of the virus. Overall though, people in much of the United States have moved on with their lives and are no longer letting the COVID-19 pandemic dominate every aspect of their existence. It was so refreshing to live like that again, if only for a scant 10 days.

Canada remains in a state of absurd regulation and government/media induced panic. Legacy/mainstream media continues with the most negative of headlines and works its hardest to maintain a state of induced terror. Governments jealously cling to the control they have taken in the name of controlling COVID-19 and maintaining the narrative of doom and gloom. They cling to the fiction COVID can be defeated like an enemy state signing a treaty of surrender.

The dreaded Omicron variant has thankfully turned into a dud. It hasn’t overwhelmed hospitals and fatalities are at a level akin to the common flu. The way Canada is responding, though, one would think leprosy is making a reappearance among the public. The population is divided while the hysteria, prejudice, and even hate against the unvaccinated have reached appalling levels.

Much of why the government and its authoritarians backers are getting away with this in Canada is because the public doesn’t know any better. They don’t realize a free, enjoyable world exists but a short distance away.

Border restrictions at this point are downright useless. Omicron is spreading like wildfire and no restrictions or vaccinations are doing a thing to hinder the transmission. What the border restrictions do accomplish, however, is keeping Canadians from bothering with traveling outside the country. The testing requirements are a pain the ass and a person could find themselves quarantined at their own expense for a variant that has proven itself to be quite mild. What information Canadians do receive from south of the border, is framed by the government’s proxies in the media as a selfish frenzy built atop a mountain of dead bodies.

There were no restrictions going into the USA by the way. That exchange at the border only took a couple of minutes and vaccinations or testing never even came up. It’s only in coming back to Canada where all the grief is occurring.

So why haven’t the border restrictions been lifted?

I suspect the government wants to keep the number of Canadians going into and returning with news of the outside world as limited as possible. Yes, we can see the packed football stadiums in the USA and can find out just how unrestricted they are down there with even some cursory internet research. Nothing beats having a friend or family member tell you directly how nice it is to live free again though. Those sorts of exchanges between people foster discontent.

Things won’t change until Canadians stand up for themselves. Governments never willingly relinquish the control they have taken. We can’t allow ourselves to fall into a docile existence plodding along through a mediocre life under government control as people in the former Eastern Bloc did.

Canadians need to know it’s better outside of the borders. Even the UK is dropping restrictions while we aren’t even discussing easing our own.

Ignore the government statements. Turn off the mainstream media and reach out to a family member or friend who is or has been outside of Canada lately. You will hear the same story I’m telling.

It doesn’t have to be this way.

As soon as enough Canadians get that message, we will be able to start fighting our way back to normal living again.

Cory Morgan is Assistant Opinion & Broadcast Editor for the Western Standard
cmorgan@westernstandardonline.com

Continue Reading

Opinion

MAKICHUK: Russia’s ‘ball of hate’ is rolling toward Ukraine

“A normal exercise requires notification 42 days in advance if you’re talking about 9,000 troops, right?  Normal – and 13,000 requires international observers. That’s what normal looks like. What this is, is something entirely different.”

mm

Published

on

The ball of hate.

That’s what they called, NHLer Pat Verbeek.

Let me say that again. The ball of hate.

Trust me, when he was on the ice you didn’t want to be there. He made your life a living hell. 

He shoved sticks into your teeth, he shoved elbows at your jaw, he slammed you into the boards, he did anything he could to defeat you, and then some.

Strangely enough, the man spent as much time celebrating goals as sitting in the penalty box.

Think Gordie Howe was tough?

According to NHL.com, the native of Sarnia, Ont., finished his 20-season NHL career with 522 goals and 2,905 penalty minutes, by far the most of any member of the league’s 500-goal club.

And get this … the New Jersey Devils selected Verbeek in the third round (No. 43) of the 1982 NHL Draft. 

He made his NHL debut against the New York Rangers on March 21, 1983 and scored his first goal three nights later against the Washington Capitals.

Bang! Not only could he score, but he could also run your head into the boards and leave you wondering WTF happened.

He played “on the edge” and made no apologies for his chippy style.

The Zebras didn’t like this, of course and did what Zebras do. 

You can’t play like that anymore in today’s NHL. The bleeding hearts have changed the game.

The same goes for politics and foreign affairs — we have become soft. Very, very soft. And by we, I mean the West. 

We are so busy trying to be politically correct, we forgot how we got here in the first place.

And this is exactly why another ball of hate, a far more infamous one — an iron-handed dictator who calls himself a president, Vladimir Putin — is exploiting those Western weaknesses as I pen this.

I mean, it couldn’t be more obvious, could it?

According to Joseph Trevithick at The Drive, the Russian Ministry of Defense confirmed that six amphibious warfare ships that left the Baltic Sea this week are heading to the Mediterranean Sea, where they say these vessels will take part in “naval exercises.” 

Clearly, this amphibious flotilla could potentially swing north into the Black Sea, which would put them in a position to support a possible large-scale Russian intervention into Ukraine.

The language the Russian ministry of defense used to describe these naval drills is similar in many respects to how the Kremlin has described the nature of large-scale exercises in Belarus that are scheduled to start next month. 

The massive deployments of troops and materiel, including Iskander short-range ballistic missiles and combat aircraft, associated with those drills have drawn concern.

Speaking to reporters this week, a senior US State Department said: “What concerns us is the total picture, right? [Russia] is … amassing 100,000 troops along Ukraine’s borders combined with moving forces into Belarus over the weekend, it is — it is — these numbers are beyond, of course, what we would expect with regard to a normal exercise, right?

“A normal exercise requires notification 42 days in advance if you’re talking about 9,000 troops, right?  Normal and 13,000 requires international observers. That’s what normal looks like. What this is, is something entirely different.”

As part of the build-up, Russia deployed more aircraft closer to the border, which raised fears of a significant air component. Two to three dozen Sukhov-34 fighter jets have joined helicopters positioned near Ukraine, CNN reported.

As if to confirm this action, Britain’s capable MI6 intelligence service revealed it has discovered a plan by President Putin to install a pro-Moscow puppet leader in Ukraine, Foreign Secretary Liz Truss said this weekend.

As Ukraine’s President Volodymyr Zelensky warned of a ‘”large-scale war,” Truss said that Yevhen Murayev was being lined up to run the country as a satellite of Moscow.

Murayev, a media owner, lost his seat in the Ukrainian parliament when his party failed to secure 5% of the vote in the 2019 elections, BBC News reported.

He has roundly denied the report.

“It isn’t very logical. I’m banned from Russia. Not only that, but money from my father’s firm there has been confiscated,” Murayev told The Guardian.

There are other troubling indicators:

Diplomatic talks between the US, European allies and Russia ended last week without a clear path to de-escalate tensions, media outlets reported. Russia’s deputy foreign minister, Sergei Ryabkov, called the talks a “dead end.”

Some military experts believe this was what Putin wanted all along — setting it up to fail by making unrealistic demands, beyond just keeping NATO out of Ukraine. All it did was buy time for the Russians to set up their “false flag” invasion of neighbouring Ukraine.

Canadian special forces operators have also been deployed to Ukraine as part of an attempt by NATO allies to deter Russian aggression and to identify ways to assist the Ukrainian government, Global News reported.

The unit has also been tasked with helping to develop evacuation plans for Canadian diplomatic personnel in the event of a full-scale invasion, sources said.

They wouldn’t be doing that if they didn’t have good intelligence from the US.

To staunch the inevitable bloodbath, the defense ministers of Estonia, Latvia and Lithuania announced they received approvals from Washington to send US-made anti-tank weaponry to Ukraine, BreakingDefense reported.

Estonia will provide Javelin anti-armor missiles, while Lithuania and Latvia will provide Stinger anti-aircraft missiles and adjacent equipment. Latvia will also send military meals ready-to-eat for the Ukrainian forces.

While Ukraine has already been building a stockpile of Javelin weapons, the inclusion of Stingers represents a new capability for the Ukrainian military, one that could take out Russian helicopters if needed.

Britain also said this week it had begun supplying Ukraine with anti-tank weapons, along with a group of around 30 elite British troops, Sky News reported.

The members of the Ranger Regiment — part of the army’s newly-formed Special Operations Brigade — flew out on military planes that also airlifted a total of some 2,000 anti-tank missile launchers to the country.

The US State Department has also approved the transfer of five Russian-made Mi-17 Hip helicopters that had belonged to the now-defunct Afghan Air Force to the Ukrainian armed forces, according to CNN.

The CIA continues to operate an intelligence collection training program for Ukrainian special operators and intelligence officials, current and former officials familiar with the program said. The program was first reported by Yahoo News.

The threat of further sanctions — in fact, a green light for the Russians, if anything — has forced the Biden administration to weigh new options, including providing more arms to Ukraine to try to raise the costs for a potential invasion.

The recent confusion over statements made by President Joe Biden on Ukraine haven’t really helped either.

Is it a price, Putin is willing to pay? We shall know, soon enough.

For their part, Ukrainian officials are vowing to fight.

“We prepared a response for each scenario,” an official told CNN.

“We are going to fight if something happens. Our people are ready to fight. Every window will shoot if [Russians] go [in].”

God help them.

Dave Makichuk is a Western Standard contributor
He has worked in the media for decades, including as an editor for the Calgary Herald. He is also the Calgary correspondent for ChinaFactor.news and has written about military affairs for decades
makichukd@gmail.com

Continue Reading

Opinion

NICOLA: Investment outlook: It was the best of times, it was the worst of times — is the glass half-full or half-empty?

Let’s separate apply these perspectives of positive and negative and consider how they may apply to today’s investing environment. 

mm

Published

on

By JOHN NICOLA

We’ve just emerged from a tumultuous and challenging 2021 which provided good results financially for many investors while being a significant emotional and psychological drain as the fourth COVID-19 wave became a reality. 

As I was thinking about how we as investors want to approach 2022 and beyond. I’m reminded of the first lines from Charles Dickens classic about the French Revolution, A Tale of Two Cities.  To me it begs the question, “is the glass half full or half empty?” And the answer seems to be both. Let’s separately apply these perspectives of positive and negative and consider how they may apply to today’s investing environment. 

It’s imperative to understand the current investment and economic environment and then assess how existing factors will impact major asset classes. 

Glass Half Full

There are a number of factors that create optimal investment opportunities and give us reason to view the new year and investments in a positive light. The public markets and residential real estate are at all-time highs in a number of markets in Canada and across North America. COVID-19 vaccines have been developed and deployed in record time. The “fourth wave”/Omicron appear to have significantly lower levels of serious illness or death. 

In light of major issues such as climate change, investment opportunities pertaining to environment, social, and governance (ESG) are accelerating rapidly. The cost and evolution of renewable energy is improving exponentially.  

On a global scale, we have seen notable drops in levels of poverty, hunger, and illiteracy (Marian Tupy – 10 Global Trends.) Further, global population increases are slowing and likely to peak within 30 years at about 8.9 billion. 

Finally, any rises in interest rates are likely to be measured and spread out over time. If that occurs, does that mean that any negative impact on asset prices would be modest?

Glass Half Empty

In the interest of seeing the whole (objective) picture, it’s important to observe and assess the other side of the coin. The new year does not come without challenges. 

We’ve seen massive increases in corporate and government debt to weather the pandemic and finance acquisition of assets (Evergrande as an example.) The end result is a combination of higher inflation and corporate defaults. 

Dysfunctional politics are a concern across the globe. We continue to witness geo-political tensions such as China/US and Russia/NATO, and the rise of populism in the US, in particular. 

Equity prices (primarily in the US) are at near record valuation levels which has many questioning their sustainability. Higher interest rates and inflation could create a significant impact on residential housing.

Finally, the pandemic rages on. Faster infectious rates for Omicron lead to increased and extended lockdowns, globally. 

Asset allocation is the key

Whether you are leaning to one perspective or another, or somewhere in the middle, how you invest and diversify your capital is going to play a vital role in helping you mitigate any volatility 2022 may bring. 

The asset allocation model that we recommend to most of our clients is roughly divided into three major classes: Public/Private Equities, Real Estate (income and development), and Fixed Income (private and public). 

Typically, we distribute 35% to fixed income assets (public and private), 35% to equity (public and private), and 30% to real estate (hard asset properties). Depending on views of both the opportunities and the valuation levels each of these asset weights could change plus or minus by 5%.

There have been a number of studies to support this type of asset allocation. Perhaps the strongest endorsement of this model is that the asset mix of some of the largest pension plans in Canada (considered by many to be amongst the best institutional investors in the world) which choose to allocate their capital in this way. If you look carefully you’ll see the pensions such as OMERS, CPP, BCIMC, AIMCO, and Ontario Teachers use some variation of the model above.

We subscribe to a similar approach. A chart on the Nicola Wealth site (Nicola Wealth vs. The Marketplace) demonstrates if you compare our average client returns since January 1, 2000 with other indices such as the S&P 500, TSE, and a compilation of balanced portfolios aggregated by Morningstar. In all cases our clients have had better results with less volatility (considerably less than any of the equity indices).  

The acid test for a good asset allocation model is how well it performs during bear markets for public equities (which themselves are usually connected to a crisis or a recession or both.) The last two bear markets were the Great Financial Crisis of 2008/2009 and, of course, the COVID-19 market meltdown in the spring of 2020. In both cases, stock prices dropped in most public markets by 35% or more from their prior peaks.

Employing the balanced model above meant the drop in value of our client portfolios was 7.5% in 2008 and about 5% in 2020. That reduction in volatility fosters for far better investor behavior (another great topic we will explore in a future column.)

Notwithstanding that the right asset allocation model can make a big difference in risk-adjusted returns, each of these asset classes will be impacted in some way in a rising inflation and interest rate environment. In our next column we will explore how we believe that might unfold.

John Nicola, CFP, CLU, CHFC is a financial columnist for the Western Standard and is the Chairman of Nicola Wealth

Continue Reading

Recent Posts

Recent Comments

Share

Petition: No Media Bailouts

We the undersigned call on the Canadian government to immediately cease all payouts to media companies.

1,178 signatures

No Media Bailouts

The fourth estate is critical to a functioning democracy in holding the government to account. An objective media can't maintain editorial integrity when it accepts money from a government we expect it to be critical of.

We the undersigned call on the Canadian government to immediately cease all payouts to media companies.

**your signature**



The Western Standard will never accept government bailout money. By becoming a Western Standard member, you are supporting government bailout-free and proudly western media that is on your side. With your support, we can give Westerners a voice that doesn\'t need taxpayers money.

Share this with your friends:

Trending

Copyright © Western Standard New Media Corp.