Dedicated to Digging for Truth, Blasting the Myths, and Etching Reality in Stone.
Here’s a link to a petition that raises serious questions about what is contained in our foreign investment and trade agreements, and the process by which they are being adopted. Whether the conclusions reached by the Green Party are accurate or not, they should be the subject of questions and debate in parliament before such far-reaching and entrenched laws hit the books.
According to the Greens it works like this:
Once Canada has signed this FIPPA agreement with China, any Chinese company who invests in our country, could sue our government for loss of ‘anticipated profits’ due to Federal, Provincial, or Municipal laws or rulings that interfere with their ability to achieve their estimated potential profit. And the lawsuits and awards will occur in secret.
Considering that the Chinese have an estimated $10 billion invested in our oil sands right now, imagine what China could claim as damages if our government decided to curtail tar sands operations or pipelines. That could cost taxpayers BILLION$!
I know, you may be thinking – green radicals, what idiots, our government would never do anything that insane.
Perhaps so, but READ THE PETITION, ASK QUESTIONS, and become informed. Even if the result is just to slow things down long enough to allow our legislators to consider and debate things. You have less than a week to have any influence. It wouldn’t hurt to contact your MP and get their side of the story.
Now you may also be thinking: ‘What the hell does this have to do with aggregates?’
Can you say MELANCTHON out loud?
Highland is an American company. They are already covered by the NAFTA agreement which has Chapter 11, under which Canada has already been sued, and LOST, costing taxpayers HUGE! But because of a degree of openness in NAFTA, at least we can learn what’s going on. For example – US-based manufacturer, Ethyl Corporation sued under Chapter 11 – and we paid over $10 million in damages. Also in 2010 our government ordered a payment of $130 million to US-based Abitibi Bowater when Newfoundland and Labrador insisted the company could not keep water rights and forest cutting rights to sell to a new buyer when it closed its mill.
Now FIPPA has far more secretive processes! If enacted we may never be able to see what’s being done and how much it is costing us!
So, whether they open the Melancthon quarry or not, there is a chance that Canadian taxpayers will either be faced with massive environmental risks and costs, or be handing foreigners huge “potential profit” cheques!
So…what would our government do when faced with this situation?
Would they pay Highland possibly hundreds of millions of dollars for not operating their quarry, or hold their nose and approve the dig no matter how bad it smells?
We don’t know about Denmark, but we’re betting that something is going to smell rotten in Melancthon in the not too distant future!