When oil was over $100/barrel
Biden presidency
- Thread starter bigpoppa
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Canad post stuck a 7% fuel surcharge on a small package I mailed the other day that needs to travel about an hour in the ground. What is their baseline fuel price they expect?
They are looking to recover the carbon tax and the extra fuel usage of their 20 year old gas burners that are left idling everywhere?
7%!? That’s a lovely way to recover costs. I’d figure Canada Post is going gangbusters right now.
Well it was $0.72 on a package that cost ~$10 to ship. Not sure if it is flat rate, percentage, based on weight (which was not much more than bubble wrap), etc.
EDIT:
Weight was 81 grams. Fuel surcharge was just listed as 1@$0.72 (plus HST of course). Base shipping price was $10.24.
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Or the Chinese. My daughter orders craft stuff from China and it's $6.00 or so delivered. She gets the stuff she ordered and they throw in extra stuff as a gift.
She looked dumb but she she belted out that anthem! I was very impressed.
She is talented, got a great voice
Aens
Well-known member
It's actually a pretty complicated topic! Terminal Dues and Universal Postal Union - Wikipedia
I wonder if Trump is tweeting somewhere that Joe's crowd so much smaller, like a billion times smaller...oh wait...
More Biden winning
www.globenewswire.com
Keystone XL commits to become first pipeline to be fully powered by renewable energy
HOUSTON, Jan. 17, 2021 (GLOBE NEWSWIRE) -- Media Advisory - TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the company) today announced a new...
POWERMAN
Well-known member
And it has come to pass.Biden plans to block Keystone XL pipeline expansion on day 1 of his presidency. Alberta won't be happy!
Documents show Biden plans Day 1 order nixing Keystone XL pipeline
WASHINGTON — One of Joe Biden’s first actions once he becomes U.S. president Wednesday will be to slam the door yet again on Canada’s politically fraught Keystone XL pipeline expansion, transition documents suggest. The documents, seen by The Canadian Press, feature a to-do list for inauguration...toronto.citynews.ca
Could never really wrap my head around the project but it looks like Mr. Kenney is quite dissapointed.
Hopefully this doesnt lead to huge job losses in that sector in the short term..
Trudeau 'disappointed,' Alberta calls for sanctions after Biden cancels Keystone XL permit
Alberta Premier Jason Kenney is calling for the federal government to impose economic sanctions against the United States in response to newly inaugurated U.S. President Joe Biden’s “gut punch” decision to tear up the permit for the Keystone XL oil pipeline expansion. “As friends and allies of...
toronto.citynews.ca
If they start retaliating with tariffs, I feel like Canada has a lot more to lose in this game.
I would think that given the liberal parties on both sides of the border, there'd be a more beneficial agreement when it comes to these things, especially given these times...no?
"It also warned the move will lead to the layoffs of thousands of union workers and comes despite the company’s commitments to use renewable energy to power the pipeline and forge equity partnerships with Indigenous communities.
“This action is killing thousands of Canadian and American jobs at a time when both economies badly need private investment,” said CEO Tim McMillan in a statement.
Meanwhile, environmental groups applauded Biden’s move.
“We need to get as many people back to work, in every part of Canada, in every sector, as quickly as possible. The loss of this important project only makes that harder,” he said.
The association, whose member companies employ thousands of Alberta and B.C. construction workers, said the pipeline would have generated as many as 60,000 direct and indirect jobs in Canada and the United States.
TC Energy approved spending US$8 billion in the spring of 2020 to complete Keystone XL after the Alberta government agreed to invest about US$1.1 billion (C$1.5 billion) as equity and guarantee a US$4.2-billion project loan.
Alberta Premier Jason Kenney has said the province has about $1 billion at risk if the project is killed.
The 1,947-kilometre pipeline is designed to carry 830,000 barrels a day of crude oil from Hardisty, Alta., to Steele City, Neb. From there it would connect with the company’s existing facilities to reach the U.S. Gulf Coast – one of the world’s biggest oil refining hubs.
Some 200 kilometres of pipe have already been installed for the expansion, including across the Canada-U.S. border, and construction has begun on pump stations in Alberta and several U.S. states."
The pipeline was only approved in 2019....after it was cancelled in 2016 by Obama. They knew they were on thin ice when they approved the deal less than a year ago. Biden was talking about cancelling it BEFORE it was approved! So they rolled the dice and lost. No reason to cry to Trudeau for their own mistake. Maybe Kenney should have waited 7 months till the election before he flushed $1 billion down the drain.And it has come to pass.
Could never really wrap my head around the project but it looks like Mr. Kenney is quite dissapointed.
Hopefully this doesnt lead to huge job losses in that sector in the short term..
Trudeau 'disappointed,' Alberta calls for sanctions after Biden cancels Keystone XL permit
Alberta Premier Jason Kenney is calling for the federal government to impose economic sanctions against the United States in response to newly inaugurated U.S. President Joe Biden’s “gut punch” decision to tear up the permit for the Keystone XL oil pipeline expansion. “As friends and allies of...
If they start retaliating with tariffs, I feel like Canada has a lot more to lose in this game.
I would think that given the liberal parties on both sides of the border, there'd be a more beneficial agreement when it comes to these things, especially given these times...no?
"It also warned the move will lead to the layoffs of thousands of union workers and comes despite the company’s commitments to use renewable energy to power the pipeline and forge equity partnerships with Indigenous communities.
“This action is killing thousands of Canadian and American jobs at a time when both economies badly need private investment,” said CEO Tim McMillan in a statement.
Meanwhile, environmental groups applauded Biden’s move.
“We need to get as many people back to work, in every part of Canada, in every sector, as quickly as possible. The loss of this important project only makes that harder,” he said.
The association, whose member companies employ thousands of Alberta and B.C. construction workers, said the pipeline would have generated as many as 60,000 direct and indirect jobs in Canada and the United States.
TC Energy approved spending US$8 billion in the spring of 2020 to complete Keystone XL after the Alberta government agreed to invest about US$1.1 billion (C$1.5 billion) as equity and guarantee a US$4.2-billion project loan.
Alberta Premier Jason Kenney has said the province has about $1 billion at risk if the project is killed.
The 1,947-kilometre pipeline is designed to carry 830,000 barrels a day of crude oil from Hardisty, Alta., to Steele City, Neb. From there it would connect with the company’s existing facilities to reach the U.S. Gulf Coast – one of the world’s biggest oil refining hubs.
Some 200 kilometres of pipe have already been installed for the expansion, including across the Canada-U.S. border, and construction has begun on pump stations in Alberta and several U.S. states."
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How does that math work? Seems like optimistic reporting. Alberta put in $1.5B in equity and guaranteed a $5.7B loan on a pipeline to nowhere. They may carry some value on the books to minimize apparent losses, but a pipeline to nowhere has a real market value of close to zero. It looks to me like Alberta is on track for a $7B gut punch on this one, not the $1B mentioned in the article.And it has come to pass.
Could never really wrap my head around the project but it looks like Mr. Kenney is quite dissapointed.
Hopefully this doesnt lead to huge job losses in that sector in the short term..
Trudeau 'disappointed,' Alberta calls for sanctions after Biden cancels Keystone XL permit
Alberta Premier Jason Kenney is calling for the federal government to impose economic sanctions against the United States in response to newly inaugurated U.S. President Joe Biden’s “gut punch” decision to tear up the permit for the Keystone XL oil pipeline expansion. “As friends and allies of...
If they start retaliating with tariffs, I feel like Canada has a lot more to lose in this game.
I would think that given the liberal parties on both sides of the border, there'd be a more beneficial agreement when it comes to these things, especially given these times...no?
"It also warned the move will lead to the layoffs of thousands of union workers and comes despite the company’s commitments to use renewable energy to power the pipeline and forge equity partnerships with Indigenous communities.
“This action is killing thousands of Canadian and American jobs at a time when both economies badly need private investment,” said CEO Tim McMillan in a statement.
Meanwhile, environmental groups applauded Biden’s move.
“We need to get as many people back to work, in every part of Canada, in every sector, as quickly as possible. The loss of this important project only makes that harder,” he said.
The association, whose member companies employ thousands of Alberta and B.C. construction workers, said the pipeline would have generated as many as 60,000 direct and indirect jobs in Canada and the United States.
TC Energy approved spending US$8 billion in the spring of 2020 to complete Keystone XL after the Alberta government agreed to invest about US$1.1 billion (C$1.5 billion) as equity and guarantee a US$4.2-billion project loan.
Alberta Premier Jason Kenney has said the province has about $1 billion at risk if the project is killed.
The 1,947-kilometre pipeline is designed to carry 830,000 barrels a day of crude oil from Hardisty, Alta., to Steele City, Neb. From there it would connect with the company’s existing facilities to reach the U.S. Gulf Coast – one of the world’s biggest oil refining hubs.
Some 200 kilometres of pipe have already been installed for the expansion, including across the Canada-U.S. border, and construction has begun on pump stations in Alberta and several U.S. states."
Maybe the feds will buy another pipeline, after all they bought one already that was never built
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