Can't vote Liberal - Energy Policy by Gibbons and Dumeresque

Voting Liberal means returning to the energy policies of Clyde Wells and Rex Gibbons - PRIVATIZATION included and further deters any ownership of oil and gas projects. And worse he tries to dupe the media - or he does not understand the issue at all.


It's no secret that I have policy issues with the Premier. I support his move to acquire equity in the oil patch - but I do not support his failed fisheries policy - failed rural policies - and especially the suggestion that Lower Churchill power be exported. The "pamphlet" he calls an "energy plan" could have been written in a few nights by myself and a couple of energy zealots. Further it is an insult to Labradorians - simple as that.

I also don't like his style - the Führer comment that got him into an outrage - pontificating on hitting below the belt. The Premier says they will do the campaign without getting into "gutter" politics. The truth is - the man threatened civil servants - threatened to sue bloggers - and generally is a bully. He surrounds himself with "experts" as long as they are his buddies or past business partners.

I support his stand on removing non-renewable resource revenues from equalization - but he is doing nothing practical to make "Steve" live up to his promises.

He's just dragged out the joint management of the fishery again and his desire to see Canada take custodial management of the nose and tail of the Grand Banks - but oddly when Loyola Hearn reneged on this promise - he claimed Tom Rideout and the provincial government agreed with changes made to NAFO on surveillance and penalties. Then the whole works of them got rid of FPI - no equity there. This also includes the Liberals who did not want to upset some of the potential for political contributions.

But let's get to it.

Gerry Reid has just added another piece of logic to his "no equity" policy. Now he says Norway just took equity because it needed to kick start it's offshore - in the same way that Canada did when it took equity in Hibernia.

Why then Gerry does Norway continue to take equity position? Why then Gerry does Norway continue to be a major shareholder in Norsk Hydro? How about this?

Norway has produced this year - a "simple" easy to follow "FACT" sheet on the petroleum sector. Here's a sample found in the document.

The government receives a large share of the value created through:

* Taxation of oil and gas activities

* Charges/fees

* Direct ownership in fields on the Norwegian continental shelf (through the State’s Direct Financial Interest, SDFI)

* Dividends from ownership in Statoil

The State’s Direct Financial Interest (SDFI) is an important source of state revenues, in addition to taxes, fees and dividends from its ownership in Statoil. SDFI is an arrangement in which the state owns interests in a number of oil and gas fields, pipelines and onshore facilities. Each government take is decided when production licences are awarded and the size of the state interest varies from field to field. As one of several owners, the state pays its share of investments and costs, and receives a corresponding share of the income from the production licence.

Gerry - regardless of what Rex says - trying to sell the media that crap is bound to come back and bite you.

And Gerry - let me cut this off at the pass - on Hydro...

Just last month - and based on the current and future value of hydro-power the Government of Norway issues this News Release:

The right of reversion – The Government secures public ownership of hydropower

It says in part:

Today, a provisional decree has been passed in the King’s Council with instant effect which is considered to bring the right of reversion in accordance with the ruling of the EFTA Court and the EEA agreement. It is stated that the basic principle of public ownership of the Norwegian hydropower resources at state, regional and local level is being maintained. It will no longer be given licenses for acquisition of waterfalls and hydropower plants to private actors. Such actors can, however, still own one third of public owned hydropower plants, Mr. Enoksen says.

and

I am very pleased that we have reached an arrangement which completely keeps our most important renewable resource on public hands. We maintain public ownership at state, county and municipal level and thus secure all public hydropower owners rights to the hydropower without time limits, Minister Odd Roger Enoksen states.

Voting Liberal means returning to the energy policies of Clyde Wells and Rex Gibbons - PRIVATIZATION - included and further deters any ownership of oil and gas projects. And that goes for Party President and Candidate Danny Dumeresque (another Clyde boy that promoted and apparently still does support the ideology of privatizing hydro).