Country’s interests at stake

Like other trade agreements, FIPA would allow Chinese companies to sue Canadian governments in more secretive tribunals

As per usual with this secretive Harper government, they announced Cnooc’s – China’s state-owned oil company – takeover of Canadian fossil fuel company Nexen at 5 p.m. on a Friday, a time they hoped nobody would be paying attention.

Further, this takeover is occurring concurrently with the equally secretive FIPA process (China-Canada Foreign Investment Promotion and Protection Agreement) process.

Like other trade agreements, FIPA would allow Chinese companies to sue Canadian governments in more secretive tribunals if they do anything to counter their interests.

Because of NAFTA, for example, Quebec is being sued for placing a temporary moratorium on fracking. Fracking is an extremely environmentally destructive method for harvesting natural gas. Quebec made a prudent, precautionary decision with regards to a potentially dangerous and currently under-studied practice in light of the growing body of research pointing to its negative consequences.  Some claim that when natural gas – a supposedly “clean” energy source – is extracted by fracking, it is potentially as dirty as coal.

Often these agreements increase the comparative advantage of one country over another, rather than equally benefiting both sides. Thus, great care and public consultation is required, especially in a democratic country like Canada.

Alternatively, Harper seems intent on getting the oil out as fast as possible by ramming through this and other legislation in a secretive manner, regressing our environmental policy to the 1970s, in a fashion that instills little confidence that the interests of Canada, or the world as a whole, are being served.

Denver Carere

Oak Bay

 

 

Just Posted

Sex workers march in downtown Victoria for Red Umbrella Day

Red umbrellas became a symbol of sex workers after an art installation in Italy

MLA Adam Olsen calls for ‘substantial’ changes in provincial economy

Green Party MLA also criticizes gap between government rhetoric and actions

500 pounds of turkey served at Cool Aid community Christmas dinner

Annual dinner serves hundreds of community members

VIDEO: Annual Tuba Christmas concert draws large crowd to Market Square

Over 100 tuba and euphonium players gathered to play festive tunes

Revisit Christmas past as Point Ellice House displays Victorian-era traditions

Antique bobbles, cards, decor and more are on display

VIDEO: Success of wildlife corridors in Banff National Park has advocates wanting more

Demand for more highway protection escalated after seven elk were killed by a semi-trailer near Canmore

Sharks beat Canucks 4-2 to snap 6-game skid

Vancouver visits Vegas on Sunday

Fans sing Canadian anthem after sound system breaks at BMW IBSF World Cup

The Canadians in attendance made sure their team and flag were honoured on the podium

VIDEO: Fire destroys Big White Ski Resort chalet

Social media eulogies peg the property, nicknamed “The Pharamacy,” as both loved and hated

Prince George RCMP use bait packages to catch porch pirates over the holidays

First-in-Canada program with Amazon looks to combat parcel theft

Nanaimo mechanical engineer creates thief tracking program

Nanaimo Thief Tracking lets users plot and share information about thefts online

Mayor wants B.C. to institutionalize severely mental ill people who are homeless

Those suffering from mental health conditions, such as schizophrenia, need specialized care, mayor says

Five things of note from Trudeau’s mandate letters to his ministers

Some marching orders come from the Liberal Party’s campaign, while others are new additions

Scheer’s resignation tips party into internal war over school tuition payments

The Conservatives have a Toronto convention already scheduled for April

Most Read