Justin Trudeau felt a social license for oil which includes carbon tax would lead to the promise land when it comes to UN (i.e. agenda 2030) - https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
Canada is the 4th largest oil producing country with a strong environmental and humans right record. So, why is Trudeau not pushing oil to the word?
Canada could eliminate the oil sands today and it would do nothing for global emissions
There needs to be a broader discussion on natural resources management including all aspects of the environment along with human rights.
UN needs to stop pushing Agenda 2030 at all cost.
Oil and Gas jobs pay 40% on average more than service sector jobs - https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-commentary-february-2019
2. Paul Young - Bio
âą CPA, CGA
âą Financial Solutions
âą SME â Business Process Changes
âą SME â Risk Management
âą SME â Close, Consolidate and
Reporting
âą SME â Public Policy
âą SME â Financial Solutions
âą SME â Supply Chain
Management
âą Academia â Advance
Accounting, Public Finance and
Advanced Management Systems
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
ï” Monthly Oil Production by Key Countries
ï” Ethical Oil
ï” Oil Application
ï” Automotive Market â World Wide
ï” Automotive Market â World Wide â Electrical
Vehicles
ï” What are the risks to Electrical Vehicles
ï” Electrical Grid
ï” Oil Rigs vs Oil Pricing
ï” Will oil disappear
ï” Oil Sands / Environment
ï” Oil Production (EPI, AQI and Human Rights)
ï” Justin Trudeau and Oil
ï” Blog Oil
ï” Blog â New Assessment Bill
ï” Blog â Environment and Oil
ï” Blog â Scheer and Energy
4. Introduction
ï” Justin Trudeau felt a social license for oil which includes carbon tax would lead to
the promise land when it comes to UN (i.e. agenda 2030) -
https://www.slideshare.net/paulyoungcga/agenda-2030-sustainable-development
ï” Canada is the 4th largest oil producing country with a strong environmental and
humans right record. So, why is Trudeau not pushing oil to the word?
ï” Canada could eliminate the oil sands today and it would do nothing for global
emissions
ï” There needs to be a broader discussion on natural resources management
including all aspects of the environment along with human rights.
ï” UN needs to stop pushing Agenda 2030 at all cost.
ï” Oil and Gas jobs pay 40% on average more than service sector jobs -
https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-
commentary-february-2019
5. Monthly Oil Production by Key Countries
Source - https://knoema.com/atlas/topics/Energy/Oil/Production-of-crude-oil
10. Electrical Car Market
Source - https://insideevs.com/half-worlds-electric-cars-in-just-25-cities/
According to the International Council on Clean Transportation (ICCT), nearly half of all plug-in electric
passenger cars are used in just 25 metropolitan areas.
At the end of 2017, the number was 1.4 million out of 3.1 million, which translated to around 45% in those
25 cities.
Thatâs pretty interesting, especially since overall, those 25 markets represent only 12% of the worldâs
passenger car sales. In other words, there are important reasons that make plug-ins appealing in certain
metro areas.
11. Risks to Electrical vehicles
ACCESS TO RAW MATERIALS â
LITHIUM, VANADIUM, COBALT AND
RARE METALS -
HTTPS://WWW.SPGLOBAL.COM/EN/R
ESEARCH-
INSIGHTS/ARTICLES/COBALT-KEY-TO-
ELECTRIC-VEHICLES-BUT-
AUTOMAKERS-HUSHED-ON-RISKS
THE ABILITY OF THE GRID TO HANDLE
PLUG-IN STATIONS -
HTTPS://WWW.FORBES.COM/SITES/P
ETERDETWILER/2013/01/28/ELECTRI
C-CARS-AND-THE-POWER-GRID-HOW-
ARE-THEY-COMING-
TOGETHER/#648168B31976
ACCESS TO PLUG-IN STATIONS ABILITY OF BATTERIES TO HANDLE
ADVERSE WEATHER CONDITIONS
12. World Electrical Grid
ï” OECD countries in general are
producing electricity using combustible
fuels, i.e. Coal and Natural Gas
ï” Canada produces over 80% of their
power from renewable sources
13. Oil Pricing vs Oil Rigs
Source â BMO Economics and Baker Hughes
16. Justin Trudeau and Oil
Construction Workers Gender Equality Issues
Carbon Tax
PQ Oil - https://www.youtube.com/watch?v=qGn8ZhS7XC8
17. C69 and Oil / Canada
https://www.industryweek.com/companies-executives/us-steel-
corp-restarts-texas-plant-closed-2016?NL=IW-07&Issue=IW-
07_20190206_IW-
07_710&sfvc4enews=42&cl=article_1_b&utm_rid=CPG030000015
19274&utm_campaign=32616&utm_medium=email&elq2=04d63
fb78ec7424eaa09798e415577b1
KM pipeline
https://www.youtube.com/watch?v=kAgZ6oEoGJ8
@CatherineBizTV There is allot goes into valuation!
https://www.youtube.com/watch?v=kAgZ6oEoGJ8
I done due diligence on mergers and acquisition as such I do not
trust either PBO or the Liberals!
@MichelleRempel @emilia_suze
19. OPEC vs USA
ï” This sounds very eerie to a Dallas TV series episode when Texas was faced with low
oil pricing as such look at actions to take against foreign Import
Source - https://oilprice.com/Energy/Energy-General/Washington-Eyes-
Crackdown-On-OPEC.html
20. OPEC Production
Source - https://www.bloomberg.com/news/articles/2019-02-05/opec-s-oil-exports-to-u-s-fall-to-five-year-low-
in-january
21. Oil Shale / USA Boom
Source - https://www.nextbigfuture.com/2019/03/world-of-oil-will-be-dominated-by-a-second-us-shale-wave-for-5-
years.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28nextbigfuture%29
22. Canada Oil / 3rd Party Groups
Canada natural resource sector has been
hijacked by both radical government as
well as 3rd party groups that want to see
Canada keep its natural resources in the
ground
Trudeau wants to phase
out the oil sands
Trudeau 2015 election Platform
https://www.cbc.ca/news/politics
/justin-trudeau-s-environment-
plan-end-fossil-fuel-subsidies-
invest-in-clean-tech-1.3131607
Clean Tech
companies in general
lose nearly $4B per
year
Source -
https://www.slidesha
re.net/paulyoungcga
/government-policy-
clean-technology-
canada-february-2019
23. Canada and Pipelines
ï” https://www.canadianmanufacturing.com/environment-and-safety/neb-rejects-call-to-expand-scope-of-trans-
mountain-pipeline-expansion-review-227262/
We have far too many groups that are backed by foreign funding trying to hold up projects. You add in weak
leadership of @JustinTrudeau @telfordk then you can see why FDI for NR sector is going to other jurisdictions!
@MichelleRempel
ï”
ï” Pipelines built under CPC:
ï” https://www.partisanissues.com/2018/07/what-major-pipelines-were-built-in-canada-in-the-last-decade-of-
conservative-rule/
ï”
ï” Harper and to deal with Obama
ï” Obama was against Alberta oil - https://boereport.com/2017/01/11/barack-obama-has-been-a-disaster-for-
albertas-oil-industry/
25. Oil Producing Companies and their
Environmental Ranking
Source - https://epi.envirocenter.yale.edu/epi-report-2018/results or https://www.numbeo.com/pollution/rankings_by_country.jsp or
https://www.cato.org/human-freedom-index-new
âą Canada is 4 largest oil producing country in the work. Canada oil is both environmental friendly and
ethical
âą Justin Trudeau continues to treat Canadian oil with utter contempt. It is like Trudeau thinks by pushing
the carbon tax as part of a social license to win over the UN. UN does not seem to care about other
countries like Saudi Arabia or Russia or Iraq when it comes to global emissions, pollution and human rights
28. Blog Oil
ï”
ï” Oil sector cannot get oil to tidewater as Trudeau killed Northern Gateway and the change the rules for East-West, right? Supporters of the project are convinced Trudeau nudged
the NEB to apply the new standards because the proposal was deeply unpopular in Quebec, where his party holds 40 of 78 seats. â Source - https://www.cbc.ca/news/canada/new-
brunswick/energy-east-pipeline-trans-mountain-ottawa-1.4683701
ï” Trudeau and his govt are anti-oil as such are doing everything they can to hold up pipelines like C69 - https://context.capp.ca/energy-matters/2018/og101_what-is-bill-c69
ï” The banks call out the issues with pipelines - https://business.financialpost.com/commodities/energy/a-self-inflicted-wound-pipeline-delays-to-cost-canadian-economy-15-6b-in-
2018-says-scotiabank. The former CEO for TD did work for the Liberals - https://www.bnnbloomberg.ca/former-td-ceo-ed-clark-to-become-lcbo-chair-aid-move-to-pot-sales-
1.971776
ï” Oil is about 1/3 of exports as such play as vital role - https://www.slideshare.net/paulyoungcga/oil-and-the-environment-world-april-2019
ï” Harper got four pipelines built which is more than Trudeau - https://calgaryherald.com/opinion/columnists/corbella-trudeau-plain-wrong-about-harpers-pipeline-legacy
ï” Oil Sector jobs pay nearly 40% higher than service sector jobs - https://www.slideshare.net/paulyoungcga/wages-canada-analysis-and-commentary-february-2019
ï” Trudeau also made the statement that Canada should be know about its resourcefulness (https://www.cbc.ca/news/politics/trudeau-davos-future-look-economy-harper-1.3412182
. Natural Resources are about 10% of GDP - https://www.slideshare.net/paulyoungcga/natural-resources-sector-policy-analysis-canada-january-2019 . Trudeau team includes people
with ties to Tides Foundation
ï” USA oil is a boom and Canada Oil is sluggish, why? https://www.canadaaction.ca/vivian_krause_talks
ï” Canada oil is both economic and ethical sound compare to other countries which you ignored, why? https://www.slideshare.net/paulyoungcga/climate-change-real-truth-facts-and-
figures-april-2019 or https://www.slideshare.net/paulyoungcga/2019-election-environmental-climate-change-canada-analysis-and-commentary (see slide 5)
ï” Trudeau does not care unless it is about votes!
29. Blog â New Assessment Bill â C69
ï” Ecojustice lawyer Joshua Ginsberg says Bill C-69 as originally written struck a delicate balance on the need for
Canada to build major new energy and transportation projects without harming the environment or contributing
further to climate change.
ï” There is no balance with this bill as then environmental groups forced more assessments into any natural resources
projects.- https://www.canadianmanufacturing.com/environment-and-safety/environment-lobby-says-senators-letting-oil-
industry-run-amok-on-assessment-bill-232638/
ï” First nations cannot hold up natural resources projects - https://www.cbc.ca/news/politics/supreme-court-indigenous-
energy-sector-pipelines-1.4221075 - Consultation needs to be done
ï” The new assessment process does not deal with tankers coming from middle east. Middle east oil is not subjected to carbon
tax - https://nationalpost.com/news/canada/why-has-canada-spent-billions-of-dollars-buying-saudi-arabian-oil
ï” Canada environmental standards are very good. Canada is ranked 24th as compare to its peers around the world -
https://www.slideshare.net/paulyoungcga/2019-climate-change-and-the-environment-canada
ï” Liberals changed the rules on East-West Pipelines - http://theamericanenergynews.com/markham-on-energy/energy-east-
transcany ada-06oct17
ï” Liberals are hijack by special interest groups - https://www.thestar.com/calgary/2019/04/16/is-a-foreign-funded-campaign-
the-reason-for-albertas-pipeline-woes.html
ï”
ï”
30. Blog - Oil and Environment
This is what I told a Liberal/NDP/Green Follower
ï” Too many people have no clue how money flows but will protest anything that goes against their belief that carbon is bad.
ï” Here is exactly what happens:
ï” You do realized that only
ï” Do you understand tax code? Oil earns an income which is subjected to tax. Oil gets deductions for CCA, Royalties, payroll taxes, etc. So, where are these subsidies? Clean
Technology gets direct subsidies. I suggest you go read what a subsidy means and stop trying to say tax deduction are subsidies.
ï” Here is the annual report - https://www.suncor.com/investor-centre/financial-reports/annual-disclosure. Show in this report where there is direct business subsidy
ï” Direct Business subsidies is when a government gives a direct grant to a business - https://www.investopedia.com/terms/s/subsidy.asp
ï” Government has given out direct subsidies to clean technology for years - https://www.forbes.com/sites/williampentland/2018/04/29/federal-subsidies-for-solar-and-wind-
fell-sharply-in-recent-years-says-new-report/#3d6c8611fa9a and you say nothing
ï” All businesses follow the ITA as part of eligibility for deduction.
ï” Auditor-General has called out failed hydro subsidies - https://business.financialpost.com/opinion/the-ontario-power-systems-broken-auditor-general
ï” 100% renewable? https://globalnews.ca/news/4207036/ontario-green-party-platform-conservation/ . Canada gets 80% of their power from clean sources. 100% would never
work as it would not be affordable.
ï” Tax Avoidance? Does this mean green will change the whole tax code? The party would also spend $4.1 billion over four years on mental health services, which they say they
could help pay for by improving collections and reducing tax avoidance?
ï” They would also mandate 20 per cent of units in new housing builds be affordable, expand the protected land known as the Greenbelt, and spend more money on transit. â
There are systemic issues with real estate including land, permits, construction costs - https://www.slideshare.net/paulyoungcga/real-estate-canada-march-2019
ï” Old economy? âWe need to skate to where the puck is going, and not where itâs been,â Leader Mike Schreiner said. âThe other parties are clinging to an old economy, but we
see a better way forward â GDP is made up 30% goods producing. Goods producing jobs pay on average 40% more than service sector -
https://www.slideshare.net/paulyoungcga/canada-gdp-january-2019
ï” . A centerpiece promise is a $4.2-billion program to give grants and loans to businesses and homeowners for energy conservation. â This will do nothing if hydro rates go
through the roof. There are already incentives via CCA and/or other options to business.
ï” Canada oil is both ethically and environmentally more friendly that other jurisdictions around the world - https://www.slideshare.net/paulyoungcga/2019-election-
environmental-climate-change-canada-analysis-and-commentary
ï” I suggest stop believing everything you read as the information from pro-green firms is far from accurate in terms of how businesses operate based on tax, regulatory and
accounting reporting requirement
31. Blog â Scheer and Oil
ï” https://www.canadianmanufacturing.com/environment-and-safety/baloney-meter-a-lot-of-baloney-in-scheer-statements-on-energy-independence-233536/
ï” âPatrick Baylis, an environmental economist at the University of British Columbiaâs school of economics, said reducing foreign imports of oil to
Canada would likely require construction of expensive and ecologically risky cross-country pipelines â something Scheer seems to acknowledge.â
Or âIâm puzzled by it,â said David Detomasi, an associate professor at Queenâs Universityâs business school in Kingston, Ont.
ï” Canada has the oil and gas resources to be self-sufficient, but the notion of building a separate energy market âkind of flies in the face of pretty
much everything that weâve done economically for the past 50 years.â
Analysis:
ï” Canada is not getting full value for its oil due to price discounting. The full value of oil is not mentioned in this article - https://www.bnnbloomberg.ca/economic-cost-of-
canadian-oil-price-discounts-counted-in-billions-of-dollars-1.1166575
ï” Emerging markets still need oil - https://www.cfr.org/blog/emerging-market-contagion-could-hit-oil-industry
ï” Too many governments are hijack by radicals - https://www.canadaaction.ca/vivian_krause_talks
ï” East-West Pipeline was stopped by TCL due to many issues including lack of government support - http://theamericanenergynews.com/markham-on-energy/energy-east-
transcanada-06oct17
ï” The second pipeline KM would get oil to markets - https://calgaryherald.com/business/energy/yedlin-its-not-perfect-but-canada-will-finally-get-a-pipeline-to-tidewater
ï” Oil contribute to taxation which is all but ignored by the above critics - https://www.nrcan.gc.ca/energy/facts/energy-economy/20062
ï” Imported oil impacts the balance of payments - https://www150.statcan.gc.ca/n1/daily-quotidien/190530/dq190530b-eng.htm?HPA=1
ï” Canada oil is both economically and ethically sound which is also ignored by the above critics - https://www.slideshare.net/paulyoungcga/2019-election-oil-and-gas-sector-
canada-may-2019
ï” There are many options to getting oil to exports like Thunder Bay or Churchill or other port of calls - https://nationvalleynews.com/2019/02/24/consider-piping-alberta-oil-
thunder-bay-market-via-seaway-column-by-garfield-marks/
ï” Australia has trade surpluses with countries. Australia is similar to Canada as both countries are Natural Resource based economies.
https://www.slideshare.net/paulyoungcga/natural-resources-sector-policy-analysis-canada-january-2019
ï”
32. Summary
Oil is not go away anytime soon as hydrocarbons and gasoline
play a significant role in everyday lives of people
China continues to build coal-fired plants. Catherine McKenna
keeps pushing for end to coal, but that will not happen anytime
soon - https://www.chinadialogue.net/blog/10761-China-is-
building-coal-power-again/en
Electrical cars need to be both cost-competitive and reliable
Pro-climate change people need to stop blaming the whole
worldâs bad pollution laws on CO2 -
https://www.slideshare.net/paulyoungcga/blaming-weather-
related-issues-on-climate-change