Auditor General to review Site C

[rustled]

Forget it. If you don't know the consequences of communist countries taking over our corporations, then there's no point in responding to any opinion you may have on anything.

@rustled:
That's quite funny coming from someone who's so afraid of socialism, and likes to try to convince everyone that socialism = communism.

You've mixed me up with someone else. Please take a moment to correct your mistake. Thanks.

So: we are to be apprehensive that a company from a communist country is investing in a company that is involved with Site C?

If that's the case, why single out Site C?

Shouldn't you be looking at the bigger picture, instead of using it to drum up anxiety (sorry, apprehension) about Site C?

[Cactusflower]

https://en.wikipedia.org/wiki/China_Nat ... cquisition

Read this Wiki link again. I'm not 'singling out Site C'. When I have more time, I'll find a few more for you. And I'm sorry if I got you mixed up with all the usual suspects who scream "communists!" whenever anyone mentions socialist countries (of which there are many).

[Cactusflower]

http://www.cbc.ca/news/business/7-forei ... -1.1166480

And this was reported in 2012. How many takeovers have there been since? I'm 'apprehensive' about ANY country taking over our corporations, but most of all Communist countries.

[alanjh595]

Some other notable foreign takeovers of Canadian companies include:

Swiss-based Glencore International PLC receives approval from the Canadian government on July 15, 2012, for its $6.1-billion bid to take over Viterra Inc., a Regina-based agribusiness. Glencore expects to complete the deal after a review by regulators in China, Australia and New Zealand, where Viterra has operations.
Brazilian mining giant Vale acquires Toronto-based Inco, the world’s second-largest nickel producer company, for $19.4 billion in 2007.
U.K.’s Rio Tinto takes over mining and aluminum company Alcan in a $38-billion US deal in 2007
Swiss company Xstrata acquires Toronto-based copper and nickel mining company Falconbridge in a 2006 deal that values the company at approximately $24.1 billion.
U.S. Steel Corp. takes over Canadian steel-maker Stelco in 2007. The federal government sued U.S. Steel after it said the company failed to live up to promises it made to maintain investment in Canada. A settlement was reached in December 2011 under which U.S. Steel will maintain Canadian operations until at least 2015 and make a further investment of $40.7 million.
Graphics chipmaker ATI Technologies based in Markham, Ont., is acquired by U.S. company Advanced Micro Devices in October 2006 in a deal valued at $5.6 billion US.
The Caterpillar Inc. takeover of locomotive builder Electro-Motive in London, Ont., in 2010 is questioned when Caterpillar closes the plant permanently in February 2012, after failing to obtain demands workers accept pay cuts as deep as 50 per cent.

BUT, yet.....it's ONLY the Chinese company that you are concerned about? If that doesn't spell RACIST, then what does?
All those other companies that have bought Canadian companies are from predominantly caucasian countries.
It's right there in the link posted above mine.

[Jhunter199]

I still don't see this being a big deal. Did they shut down Aecon? nope, they still employ 12,000+ Canadians. Did the stock price plummet? nope, shareholder and board member are still very pleased with the companies overall financial postion.

As far as Nexen goes, same thing. The government looked at the deal and approved it. The same government that rejected the potential deals with Australian company BHP Billiton and American Alliant Techsystems because they felt it wasn't in the best interest of the companies. End of the day Nexen is still a medium-sized player in the Canadian energy industry as they were the 12th largest energy company in Canada.

These companies still employ thousands of Canadian's, contribute to our economy, and are still partially owned by Canadians.

[Cactusflower]

I still don't see this being a big deal. Did they shut down Aecon? nope, they still employ 12,000+ Canadians. Did the stock price plummet? nope, shareholder and board member are still very pleased with the companies overall financial postion.

As far as Nexen goes, same thing. The government looked at the deal and approved it. The same government that rejected the potential deals with Australian company BHP Billiton and American Alliant Techsystems because they felt it wasn't in the best interest of the companies. End of the day Nexen is still a medium-sized player in the Canadian energy industry as they were the 12th largest energy company in Canada.

These companies still employ thousands of Canadian's, contribute to our economy, and are still partially owned by Canadians.

Well then, I guess we'll just have to agree to disagree, because it seems to me that our previous (Con) government only approved the takeover of Canadian oil companies, and that I can understand, given the large contributions given to the Cons from the oil industry, but if the Trudeau government approves the Aecon takeover, it appears that we have, as the old saying goes, 'Grit and Tory, same old story'. After all, Trudeau did approve Site C over the protests of indigenous groups, who he has a habit of blabbing about 'reconciliation' every time he stands up on his soap-box.

[The Green Barbarian]

https://en.wikipedia.org/wiki/China_National_Offshore_Oil_Corporation#Nexen_acquisition

Read this Wiki link again. I'm not 'singling out Site C'. When I have more time, I'll find a few more for you. And I'm sorry if I got you mixed up with all the usual suspects who scream "communists!" whenever anyone mentions socialist countries (of which there are many).

More we scream "communists" when dictator-like comments are made about forcing Alberta to give up their oil sands production in the name of fairy tales. No free society should be subjected to the whims of a minority of extremely crazy people.

[The Green Barbarian]

*removed*

[Cactusflower]

https://www.peacevalleyland.com/single- ... -at-Site-C

Looks like BC Hydro lucked out when this wasn't made known until after BCUC did their study and Horgan approved Site C.

[Urban Cowboy]

"Ken Boon" president. Enough said!

[Cactusflower]

"Ken Boon" president. Enough said!

*removed* Care to elaborate on that?

[Urban Cowboy]

*removed*

Most would understand, that someone with as huge of an axe to grind, regarding Site C, as does Boon, can't be viewed as unbiased, or even credible, without question.

This character is desperate to make a mountain out of a molehill, no matter what the issue is, if he thinks there's even a glimmer of hope it could stall Site C.

So there's an abandoned well, big deal, the problem is being dealt with by capable hands. If people could handle the Deep Water Horizon fiasco, I'm sure an abandoned well on land is a piece of cake.

I'm sure there will be more things that crop up, in the course of an undertaking this big, and that's why it's good to know, that there are actual accredited experts, to handle these situations.

[Cactusflower]

*removed*

Most would understand, that someone with as huge of an axe to grind, regarding Site C, as does Boon, can't be viewed as unbiased, or even credible, without question.

This character is desperate to make a mountain out of a molehill, no matter what the issue is, if he thinks there's even a glimmer of hope it could stall Site C.

So there's an abandoned well, big deal, the problem is being dealt with by capable hands. If people could handle the Deep Water Horizon fiasco, I'm sure an abandoned well on land is a piece of cake.

I'm sure there will be more things that crop up, in the course of an undertaking this big, and that's why it's good to know, that there are actual accredited experts, to handle these situations.

1) Ken Boon is not a reporter for the Alaska Highway News.
2) Ken Boon, having lived through this nightmare for all these years is far more qualified to comment on Site C than someone sitting at his computer 1,000 kms removed from the scene.
3) Using that DeepWater Horizon disaster as an example of competence is probably the most ridiculous pro-Site C comment I've ever read.

[Urbane]

*removed*

Most would understand, that someone with as huge of an axe to grind, regarding Site C, as does Boon, can't be viewed as unbiased, or even credible, without question.

This character is desperate to make a mountain out of a molehill, no matter what the issue is, if he thinks there's even a glimmer of hope it could stall Site C.

So there's an abandoned well, big deal, the problem is being dealt with by capable hands. If people could handle the Deep Water Horizon fiasco, I'm sure an abandoned well on land is a piece of cake.

I'm sure there will be more things that crop up, in the course of an undertaking this big, and that's why it's good to know, that there are actual accredited experts, to handle these situations.

Exactly. Things pop up in these big projects and it's good to know that they're being dealt with. If we had been afraid of potential obstacles we would never have undertaken any major projects in this country. And in the whole scheme of things the abandoned well is a very minor issue. Lingering bitterness over Horgan's decision to proceed with the project has some people grasping at straws.

[Cactusflower]

*removed*