• Protecting Water and Farmland in Simcoe County

Black Gold or Fool’s Gold

By
In Governance
Feb 12th, 2012
0 Comments
1450 Views
China has pledged $2 billion to build Northern Gateway pipeline 
By David McLaren 
It was a text-book case of misdirection.
While we were busy looking under that shell, the PM slipped the pea in his pocket and headed east to sign a Foreign Investment Protection Agreement with the Chinese government. Now we have to treat Chinese companies in Canada the same as our home grown companies. What’s wrong with that you say? After all, Mr Mulroney put the same thing in the North American Free Trade Agreement, right?
Well, follow the pea …
China has already invested some $15 Billion in the oil sands through its state-owned companies such as Petro-China. And it outright owns at least one other. The Chinese government now has a major say in how oilsands giants like Syncrude do business. Talk about hijacked.
China’s Big Oil companies are propping up brutal regimes in Syria and Iran, defeating our own economic sanctions. So much for ethical oil.
China will refine the oil at home, just as Texas does. So much for Mr Harper’s value added promises of the past three elections.
Energy policy is both economic and foreign policy these days and ours are being set in Texas and Beijing. When it comes to Canadian sovereignty, black gold is fool’s gold. Don’t be conned.
David McLaren is an award-winning writer. He has worked in government, the private sector, with ENGOs and First Nations. He wrote two reports for the Ipperwash Inquiry that deal with the impact of hate on Aboriginal rights. Comments on this and other essays are welcome at davidmclaren

Leave a Reply

Commenters must post under real names. AWARE Simcoe reserves the right to edit or not publish comments. Your email address will not be published. Required fields are marked *