The current U.S. ambassador to the United Nations, Rice owns stock valued between $300,000 and $600,000 in TransCanada, the company seeking a federal permit to transport tar sands crude 1,700 miles to refineries on the Texas Gulf Coast, crossing fragile Midwest ecosystems and the largest freshwater aquifer in North America.Beyond that, according to financial disclosure reports, about a third of Rice’s personal net worth is tied up in oil producers, pipeline operators, and related energy industries north of the 49th parallel — including companies with poor environmental and safety records on both U.S. and Canadian soil. Rice and her husband own at least $1.25 million worth of stock in four of Canada’s eight leading oil producers, as ranked by Forbes magazine.
{Apart from anything else, where does the daughter of academics get this kind of money? Her husband, Ian Cameron, is a film maker.}
Second point of information – National Post reports that “Ottawa dials down its support for Northern Gateway pipeline” So say goodbye to the exit plan through British Columbia.
In a discussion Friday with energy industry leaders in Calgary, Joe Oliver, Canada’s Minister of Natural Resources, said Ottawa is still very keen to develop new markets for Canada’s oil, but is also keeping an eye on public opinion.
“If we don’t get people on side, we don’t get the social licence — politics often follows opinion — and so we could well get a positive regulatory conclusion from the joint panel that is looking at the Northern Gateway, but if the population is not on side, there is a big problem,” he said at the Canada Energy Summit hosted by the Economic Club of Canada.
I was drinking in the bar in Washington DC this week when my Democrat companion made a bet that the Keystone XL pipeline would be approved within three months. I just thought you would want to know which way Washington is heading. Some of the regime insiders seem to have placed their bets already on a far larger scale than my drinking buddy.