McGuinty’s ungracious response to Premier of Alberta’s appeal for support on Keystone XL pipeline – Globe and Mail Editorial (February 28, 2012)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Dalton McGuinty, the Premier of Ontario, should not have responded ungraciously to an appeal by Premier Alison Redford of Alberta for solidarity from Ontario and Quebec, in the course of her speech on Friday to the Small Explorers and Producers Association on Friday. In particular, she wants the Premiers of the two Central Canadian provinces to help articulate the importance of the Keystone XL pipeline to the country as a whole.

“If I had my preferences,” said Mr. McGuinty – using the subjunctive mood to express what grammarians call a contrary-to-fact hypothesis – “as to whether we had a rapidly growing oil and gas sector in the West or a lower dollar, I’ll tell you where I stand: with the lower dollar.”

But Mr. McGuinty cannot enforce his preferences. Such exercises of the imagination are futile. There is of course a correlation between the exchange rate of the Canadian dollar and foreign demand for Canadian commodities, and a higher dollar means that Canadian goods – both manufactured products and natural resources – are more expensive.

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Redford’s energy vision clashes with McGuinty’s view of oil-sands benefits – Karen Howlett and Dawn Walton (Globe and Mail – February 28, 2012)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

TORONTO AND CALGARY— Alberta Premier Alison Redford’s vision of a national Canadian energy strategy has bogged down in an increasingly bitter dispute with Ontario over the economic benefits of the oil sands.

Ms. Redford had suggested Ontario should be a more vocal advocate for oil-sands development, on the grounds that related businesses benefit Ontario’s economy. That met with a rebuff on Monday from Ontario Premier Dalton McGuinty, who said Canada’s high “petro dollar” has hobbled exporters in his province.

That prompted a sharp rebuke from Ms. Redford. She said Mr. McGuinty’s “simplistic” approach to the oil sands and the Canadian dollar is based on a “false paradigm” and suggested that the leader of the country’s one-time economic powerhouse needs to broaden his outlook.

“When we talk about oil sands, it’s not about what’s in Alberta’s best interests,” Ms. Redford told reporters Monday. “It is about what’s in Canada’s best interests.”

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Vale saying little about ruling – by Star Staff (Sudbury Star – February 28, 2012)

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

LABOUR RELATIONS: Board decision favours union

Vale is still not commenting on the decision Friday by the Ontario Labour Relations Board to direct the matter of eight discharged employees to just cause arbitration.

Vale spokeswoman Angie Robson said Monday at 4 p.m. she had nothing to add to a statement issued Saturday at The Sudbury Star’s request.

Robson said then that Vale is continuing to “review and assess the decision of the Ontario Labour Relations Board. “The OLRB has made no ruling on the correctness or legitimacy of the discharges,” said Robson.

The purpose of the hearings into United Steelworkers unfair bargaining complaint against Vale was not to determine if the firing of eight Steelworkers during their year-long strike against the mining company were justified.

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Ontario needs Alberta’s oilsands – by Ezra Levant (Toronto Sun – February 28, 2012)

The Toronto Sun is the city’s daily tabloid newspaper.

QMI Agency

Three years ago, taxpayers were forced to loan $13.7 billion to General Motors and Chrysler because no banks were crazy enough. Some of that taxpayers’ money has been repaid, but $5.5 billion will never be recovered.

Could you imagine if Alberta’s premier had campaigned against that bailout? Or even spoke out against it now? It’s not like the bailout worked, after all.

There are 2,000 fewer jobs at GM today and 800 fewer at Chrysler. As economist Mark Milke points out, the jobs that were “saved” — at least for now, until the next bailout — cost $90,000 each at Chrysler, and $474,000 each at GM. That’s not a typo. Taxpayers spent $474,000 to “save” each job at Government Motors.

What if Alberta’s premier had said: “If I had my preferences as to whether we prop up a failing, obsolete, over-unionized company in the East or lower taxes, I’ll tell you where I stand: With lower taxes.”

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Ontario bashes Alberta oil sands to make play for federal cash – by Terence Corcoran (National Post – February 28, 2012)

The National Post is Canada’s second largest national paper. Terence Corcoran is the editor and columnist for the Financial Post section of the National Post.

By saying no to Alberta’s oil sands, McGuinty is starting a campaign for Ottawa to bail out Ontario

Ontario Premier Dalton McGuinty, his province in hock up to a looming $400-billion and his political future looking grim, has decided to do what demagogues often do best: take on an extraterritorial foe. If you can’t win at home, maybe you can pretend to destroy some mythical foe thousands of kilometres away. These days, what could be safer for a broke lefty premier who has squandered billions on dead-end green energy projects than to direct attention to Alberta’s oil sands and Alberta Premier Alison Redford.

What Mr. McGuinty is really after here, however, is not the humiliation of Alberta but the transfer of federal cash to Ontario. The oil sands comments are a pretext, another McGuinty McGuffin that is the front for other real motives.

For weeks now, Ms. Redford and key members of her Conservative Cabinet — Energy Minister Ted Morton and Finance Minister Ron Liepert — have been trying to enlist Ontario and other provinces in a campaign to boost the oil sands as part of a Canadian Energy Strategy.

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LAURENTIAN UNIVERSITY NEWS RELEASE: BHARTI SCHOOL OF ENGINEERING WINS CANADIAN MINING GAMES TITLE

Laurentian Wins Mining Games for 8th Time In Games’ History

SUDBURY, ON (February 27, 2012) – Top marks in mine design, rock mechanics and mineral processing events propelled the Bharti School of Engineering team from Laurentian University to a first-place finish in the 22nd Annual Canadian Mining Games, held February 23rd-26th in Sudbury, Ontario. The team from Laurentian ranked among the top three in 12 of the events that make up the competition, completing the Games with a 27-point margin of victory. The team from Polytechnique in Montreal placed second overall, while Université de Laval took third place.

“The competition was fierce,” said Ramesh Subramanian, Director of the Bharti School of Engineering at Laurentian University. “All of the teams were exceptionally strong this year. I don’t think I’ve ever seen such an extraordinary level of proficiency and talent in this competition.”

Teams of engineering students from ten universities across Canada take part in the competition, a series of 20 challenges that test the skills of future mining engineers. Competitors must complete exercises in surveying, mine and equipment design, and mineral separation. They must also demonstrate mastery in jackleg drilling and operation of scoop trams and excavating equipment.

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MINING WATCH NEWS RELEASE: ROYALTIES, ENVIRONMENT AND CITIZENS’ RIGHTS : SURVEY RESULTS SUPPORT DEMANDS OF QUEBEC MINING REFORM COALITION

http://www.miningwatch.ca/

Monday, February 27, 2012

For Immediate Release

ROYALTIES, ENVIRONMENT AND CITIZENS’ RIGHTS: SURVEY RESULTS SUPPORT DEMANDS OF QUEBEC MINING REFORM COALITION

Montréal, Sunday, February 26, 2012. “The survey by Léger Marketing on the mining industry confirms the relevance and importance of our work over the last four years” stated Ugo Lapointe of the Coalition Québec meilleure mine (Better Mining Coalition). According to the survey, a majority of residents of Québec including the Abitibi region (the most active mining area of Québec) agree that there is a need for further reforms to improve royalties, environmental protection and respect of citizens’ rights. “It’s very encouraging. It shows that our positions are supported by the people of Québec, even in the mining regions where the industry lobby is most active” added Lapointe.

Conducted between February 17 and 19 for the Journal de Montréal the survey questioned 600 people, with a good representation of respondents from Abitibi-Témiscamingue. Results of the survey include:

–     59% of the Québec population judges current royalties to be insufficient, including 73% of Abitibi-Témiscamingue residents

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Regulatory clock ticking for Glencore-Xstrata – by Clara Ferreira-Marques and Foo Yun Chee (Toronto Star – February 25, 2012)

The Toronto Star, has the largest circulation in Canada. The paper has an enormous impact on federal and Ontario politics as well as shaping public opinion.

Reuters News Agency

BRUSSELS—Commodities trader Glencore’s takeover of mining group Xstrata will face European Commission antitrust scrutiny, the companies said on Friday, kicking off a global regulatory process that could take months.

In a statement that follows a period of negotiation, the two firms involved in the proposed $90 billion (U.S.) combination said they had agreed to officially notify the commission about the deal.

That notification, once it has been acknowledged by the commission itself, leaves the regulator with 25 days to decide whether to approve, reject or begin an in-depth probe into the plan to create the world’s fourth-largest miner. It is just one of a series of antitrust hurdles the two companies will have to clear.

Some in the industry had expected Glencore and Xstrata to largely sidestep the EU antitrust process—and a possible probe—as Brussels has in the past considered the companies to be a single entity for the purposes of competition rules, given Glencore’s longstanding 34 per cent holding in Xstrata.

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Fraser survey says New Brunswick is mining heaven, Honduras is the pits – by Dorothy Kosich (Mineweb.com – February 24, 2012)

www.mineweb.com

“The best mineral deposit has no value if government regulations and taxation prevent production.” The latest ratings from the Fraser Institute see some significant changes from a year ago.

RENO (MINEWEB) –  New Brunswick in Canada has vaulted to the top of rankings as the world’s most attractive jurisdiction for mineral exploration and development according to the Fraser Institute’s latest survey of mining companies.

The survey of 802 mining exploration and development companies on the investment climate of 93 nations, provinces and states ranked Honduras as the worst jurisdiction for mining exploration and development.

The companies participating in the Fraser Institute’s Survey of Mining Companies: 2011/2012 reported exploration spending of US$6.3 billion in 2011 and US$4.5 billion in 2010.

“New Brunswick shot to the top of the rankings as miners lauded the province for its fair, transparent, and efficient legal system and consistency in the enforcement and interpretation of existing environmental regulations,” said Fred McMahon, Fraser Institute vice-president for international policy research and survey coordinator.

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Board decision strikes ‘to the core:’ lawyer – by Carol Mulligan (Sudbury Star – February 27, 2012)

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

The decision by the Ontario Labour Relations Board to directly send the discharges of eight Steelworkers to arbitration is one of the most far-reaching made by the board in a decade, said United Steelworkers lawyer Brian Shell.

The board ruled in favour of the union Friday and is directing Vale to enter into arbitration to decide the fate of eight men fired during United Steelworkers’ bitter year-long strike against Vale.

Shell said the decision goes to the core of collective bargaining, “the core of the right to strike and to the core of the dig-n ity unionized workers are entitled to by joining a union, by having a bargaining agent and by having that bargaining agent do collective bargaining for them.

“It goes right to the heart of the entire system of labour relations,” Shell said. Vale has had little to say about Friday’s decision other than to release this statement Saturday afternoon that its team continues to “review and assess” the board’s 29-page decision.

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Ontario urged to speak up for oil sands – by Dawn Walton (Globe and Mail – February 27, 2012)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

CALGARY— Supporters of Alberta’s oil sands say Ontario needs to do more to publicly defend the resource, including standing up for the controversial Keystone XL pipeline, since its economy is the country’s second-largest beneficiary from the production of the gooey bitumen.

According to Alberta Premier Alison Redford, in Chicago for a few days talking up her province’s oil and gas industry, Quebec also needs to do its part to tell Alberta’s story. This is particularly important, she said, on the issue of the $7-billion pipeline that would link Canada to Texas, a project delayed by the White House.

And the rookie Premier, set to soon visit New York and Washington as well, isn’t alone. Pundits and industry are also calling on the have-not provinces to come to oil-rich Alberta’s aid.

“We in Alberta have a resource that matters to the rest of the country,” Ms. Redford recently told members of the Small Explorers and Producers Association of Canada in Calgary, “It’s not enough for Alberta to be talking about the importance of Keystone in the United States.

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Gold, Silver Juniors Should Shine in 2012: Mark Raguz – by Brian Sylvester (The Gold Report – February 24, 2012)

This interview is from The Gold Report website: http://www.theaureport.com/

After a tough 2011, Mark Raguz and his colleagues at Pinetree Capital are looking at the junior resource sector with renewed optimism. In this exclusive Gold Report interview, he names some of the plays that are fueling that sentiment, from gold names in Northern Ontario to silver names in Mexico.

The Gold Report: Mark, what do you think will determine Pinetree Capital Ltd.’s (PNP:TSX) success in 2012, especially regarding the junior resource sector?

Mark Raguz: What we need to see is the embracing of less risk aversion and the desire of investors to move further along the liquidity curve toward the junior resource space. There are signs this is starting to happen. In the meantime, we believe we can add value by drawing on our expertise in the resource sector and filtering out the best names, whose value might be realized over time.

TGR: How do you determine the best names?

MR: We see things very early and we look at a lot of different names. Finding the gems becomes a lot easier as we have a lot of experience in this area and a lot of comparables to use because of the amount of companies we look at. My goal is to draw out the best management teams with the best assets, given our exposure to most of the names in the space.

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Mining on the moon: gold, fuel, and Canada’s possible role in a new space race – by Peter Rakobowchuk (Winnipeg Free Press – February 26, 2012)

http://www.winnipegfreepress.com/

The Canadian Press

MONTREAL – Canada could play a key role in a new international space race, with the next sprint to the moon gearing up as an extra-terrestrial gold rush.

Industry insiders will be watching closely this week as the heads of the world’s five biggest space agencies get together in Quebec City, where the partners on the International Space Station will discuss more than just the future of the orbiting lab.

They will also address an idea gaining currency in business and scientific circles: that within human reach lies an unfathomable wealth of resources, some of them common on Earth and others so exotic that they could change the way we live.

Canada could figure prominently in any discussion about lunar exploration, with nearly one-quarter of the world’s top mining companies headquartered here and this country also known for robotics like the famous Canadarm.

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Cool It (Environmental Documentary – 2010)

This information is from Wikipedia, the Free Encyclopedia: http://en.wikipedia.org/wiki/Main_Page

Cool It: The Skeptical Environmentalist’s Guide to Global Warming is a book by the Danish statistician and political scientist Bjørn Lomborg. The book is a sequel to The Skeptical Environmentalist (first published in Danish in 1998), which in English translation brought the author to world attention.

Lomborg argues that many of the elaborate and expensive actions being considered to stop global warming will cost hundreds of billions of dollars without the same return on investment, often are based on emotional rather than strictly scientific assumptions, and may have very little impact on the world’s temperature for centuries. Lomborg concludes that a limited carbon tax is needed in the First World as well as subsidies from the First World to the Third World to help fight ongoing humanitarian crises.

Media

The New York Times says

“ In his short new book, “Cool It: The Skeptical Environmentalist’s Guide to Global Warming,” Mr. Lomborg reprises his earlier argument with a tighter focus. He tries to puncture more of what he says are environmental myths, like the imminent demise of polar bears. ”
—The New York Times, [1]

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An Inconvenient Truth (Environmental Documentary – 2006)

This information is from Wikipedia, the Free Encyclopedia: http://en.wikipedia.org/wiki/Main_Page

An Inconvenient Truth is a 2006 documentary film directed by Davis Guggenheim about former United States Vice President Al Gore’s campaign to educate citizens about global warming via a comprehensive slide show that, by his own estimate, he has given more than a thousand times.[citation needed]

Premiering at the 2006 Sundance Film Festival and opening in New York City and Los Angeles on May 24, 2006, the documentary was a critical and box-office success, winning 2 Academy Awards for Best Documentary Feature and Best Original Song.[4] The film also earned $49 million at the box office worldwide, becoming the sixth-highest-grossing documentary film to date in the United States.[5]

The idea to document his efforts came from Laurie David who saw his presentation at a town-hall meeting on global warming which coincided with the opening of The Day After Tomorrow. David was so inspired by Gore’s slide show that she, with Lawrence Bender, met with Guggenheim to adapt the presentation into a film.

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