Last poll closes 7PM pacific time..
1 million mail ballots cast ,only local mailings counted tonight.
Category: Government Works
Net income up by 33.3 Mullion.
The net income in the second quarter increased by 33.3 million to 63,1 million, over doubling from the second quarter last year. The quarter generated a 10 million dollar tax liability due to increased income.
Two consistent quarters
Net income for the six-month period ended June 30, 2021 increased by $59.4 million to $114.4 million, as compared to $55.0 million in the same period of the prior year. The increase is mainly due to the $81.3 million increase in equity AFUDC, due to spending on the Expansion Project, partially offset by the $19.3 million increase in income tax expense, due to higher pre-tax income, the $2.2 million increase in interest expense, and the $2.0 million decrease in Adjusted EBITDA.
TMX
EBITDA
A company’s earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced) is an accounting measure calculated using a company’s earnings, before interest expenses, taxes, depreciation, and amortization are subtracted, as a proxy for a company’s current operating profitability (i.e., how much profit it makes with its present assets and its operations on the products it produces and sells, as well as providing a proxy for cash flow).
Two quarter increase due to customer funded equity.
Customer Income toward construction, is not moved to inventory or assets, and will eventually go to capitalization.
Who is the customer.
Trans Mountain moves oil by tariff, The 12 billion dollar (funding) cost of construction of the expansion should end up as capitalized expenses and will be written off against taxable income on a scaled annual basis and rate. Meaning that if it is ever sold the deprecated rate will be subject to recapture at a selling price that morally, should shadow fair market value or better, a profit for the Canadian taxpayer when they sell..
On this Day: August 7th 2021
The first post Afghanistan war, American purple heart day is observed.
Colin Dodd’s, Accountants song…
File: Photo KDG
Ingenious story teller.
Flutist, Pow Wow dancer, and story teller Amanda Lamothe will preform in the bandshell at Rotary park on Thursday evening starting a 6 PM. Free admission Parks and recreation sponsored
.
and showing colors at sons wedding..,
and an approximation of colours of local regiment (RMR
File Photo KDG
Music in the Park August 26th 2021 Mike and Sabrina weeks..
Program done for summer 2021.
The Merritt music in the park program is complete after this evening’s show by Amanda, September 30th of this month a new public holiday, Indigenous reconciliation day will take place. Amanda’s show tonight may be useful for appreciation of that culture.
On this Day: September 2nd 1945
VJ Day in the US
Pow Wow Drums
File photo KDG
Trans Mountain Expansion,, TMX is a pipeline that is a twinning of an existing one that comes from the Edmonton Alberta area and brings Alberta crude west through Burnaby to refineries in the US that process and distribute oil products into the free market. Trans mountain works on a tariff system that it charges producers to transport the crude to destinations. They do not own the oil.
Merritt BC File Photo KDG
Owned by the Government of Canada.
The 60 year oil company that was the Trans Mountain Pipeline was bought the Trudeau Government from US investors to ensure that the national interest of its bringing oil from Alberta was secure against the “oppression of the majority” and other dynamics of the provincial interest of big against small, wealth transfer, strategic supply of the needed chemicals for energy, food , medicines, and the sovereign Canadian ability to mange its own.
Trans Mountain pipeline was commissioned in March 1951, after an act of the Canadian Parliament created it.
Trans mountain pipeline was born in the public interest, moved in and out of public control over its life time and at this time remains steadily in Canadian public control, at least until completion of and the maturity of its role in the supply line. The standards of construction and maintenance may exceed what is generically called an oil pipeline elsewhere in the world, which is good we believe. The following videos are produced by Trans Mountain however they are film and can be easily verified by interested.
Climate Change Emergency.
The discourse of the current federal election has some candidates calling global warming as an emergency situation. We agree that the demands of human population is making for all kinds of emergency situations and they all need attention. The carbon thing is to be addressed by emissions controls after use and requires industry to do it if other needed dynamics are not to be neglected.
Insurance
Some are calling for the insurance industry to not give insurance to the TMX operations, in an effort to stop the construction. We have not researched who may be providing insurance to the operations. However for those that find comfort in the fact that insurance company’s often partner by under writing projects we would remind you that the Canadian Government self insures its operations as do some large corporations and because the TMX operations are government owned its a mute point to try to undermine its construction by that kind of boycott
Sense of place
The way the expansion and indeed the continuation of life on earth should not violate our peoples sense of place or belonging.. Three generations have come along of people that directly benefited from Trans Mountain operations, sense of place is well established with these, we hope that those that are not at arms length will try to and speak out when needed, to support the good things, that may come to the people in the macro sense.
West Alternate Route.
On August 19th 2021 TMX reiterated that the west alternate route is approved and 99.9 percent of the expansion is
approved at this writing.
Variance came from request of Coldwater FN Band.
The Commission also found there has been adequate consultation and accommodation with respect to potentially affected Indigenous peoples for the purpose of their decision on the variance application. The Commission gave significant weight to the fact that Coldwater, which is the Indigenous community located in the Coldwater Valley and closest to the West Alternative, indicated its support for the West Alternative as the superior route option through the Coldwater Valley. The Commission noted that in the West Alternative variance application, Trans Mountain included several letters from other Indigenous peoples in support of Coldwater’s position on the West Alternative.
Rural Pipeline Construction
On this Day: August 24th 1482
Berwick on Tweed captured by English forces.
Working
Epilogue
File: Photo KDG
Emergency assistance to keep the health and safety of workers.
Trans Mountain is available to assist in wildfire management in BC.
We have offered the use of our camp communities in Merritt and Clearwater for evacuees and are currently housing evacuees and firefighters working in the area in our Merritt facility. In Kamloops, work was stood down in Kenna Cartwright Park and Pineview Park areas as requested by the City of Kamloops, with team members helping to mitigate fire risk by wetting and cutting grass in areas under active construction for the Expansion Project. Trans Mountain also supported the Robson Valley Fire Service response efforts with a skidder and water tank after a fire ignited in the North Thompson region.
TM Today
Merritt BC Camp
The Merritt Camp Community is a self-sufficient site connected to power with on-site water and sewer infrastructure. The camp community will house up to 400 people working on the Trans Mountain Expansion Project and is operated by Civeo through a joint venture partnership with the Lower Nicola Indian Band.
Source TMX today
Serious Presence, Including HDD…
Nicola River File Photo KDG
Still in the Q for crossing ?
Playlist : Leon Bridges…
You Tube Music
On this Day: August 17th 1959
Quake lake is formed in Montana.
Xrays internal pipe.
File photo KDG
To Burnaby and beyond.
The Trans Mountain expansion is scheduled to start its Nicola river crossing this month. { permits permitting).
*Activities may begin as early as August, pending all necessary permits and approvals.
Horizontal Directional Drilling (HDD) will be used to cross under the Nicola River. This work takes place in a phased approach beginning with the establishment of temporary work spaces on either side of the area being crossed. One site will house a drilling rig and associated equipment, and the other will serve as a staging site for the pipe and will include welding and pipe stringing. After the site is prepared the crossing will be drilled, and then pipe pulled back through. After the drilling phase is complete the site will be cleared and returned to its original use.
Source Trans Mountain
Internet all the way, 1000 KM, on top of the pipe.
The expansion and redo of the 60 year old Trans Mountain oil line to Burnaby from Edmonton is employing nearly 10,000 people at this point. A great deal of national prestige and the sense that we as a people can do something and do it right is balanced on the outcome of this venture.
Nearly all the social economic and cultural definitions of Canadians is being tested with this pipeline.Today we start to present a series of 🎭 article for your perosal.
TMX Feature Tuesday 6 PM
1000 KM and internet all the way.
The pipeline will have fiber optics on its own, the fiber will power ,a new leak monitoring system as well as provide internet to a number of isolated rural communities in it’s path.
On this Day: August 10th 1948
Editor’s note: Pig maybe old technology ,will check it out.
Careful Dear…
Four point mule deer outside
Ponderosa sport in
Merritt, BC File Photo KDG
Deer season and ruffled grouse ( Id be ruffled if there was open season on me)!: start open season mid August in some areas. However limited entry draws were drawn in mid June and may still be of use during emergency wildfire activities. The best laymen advise we have is to stay out the bush.
Ponderosa sports
The people of Ponderosa sports in Merritt have knowledge and will ML tell you to check the guide and Covid-19 restrictions on line as well as emergency conditions. Its common sense that putting yourself or workers in unnecessary danger can be a lot of trouble.
Click on photo below for you tube music app new releases
no firearms in municipal boundaries,
File photo KDG
Stay calm , stay connected, be your own best friend!
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On this Day: July 29th 1899
The first Hague convention signed.
The Olympics are on with the official opening on tomorrow. The thing to watch is Softball and in particular the Canadian team. The spring time community sport is one of the host countries three choices of non regular sports in the Olympic line up. The Japanese like softball and it has a place in its communities as a regular sport.
Japan has its first game won against Australia ,8-1 on the Wednesday opener.
Gold medal game 1 Yokohama baseball stadium July 27th, 11am.
The Canadian team is going for gold, what else is new.
On this Day: July 22nd 1976
Japan completes reparations for Philippines occupation in the second world war .
The civics of sports is a good thing for all and most for the young..
The Merritt memorial arena now the site of public health vaccinations is offering first shots to walk-ins. Second shots at this time are offered by appointment.
Be good in the name of children
Unknown author
Sample attitude of public health officials across Atlantic Canada.
The road ahead is now clear but there are no shortcuts if you want to see New Brunswick reach that green level as quickly as possible please go out and get yourself vaccinated and encourage your family and friends to do the same thank you very much good afternoon .It is important that we don’t lose sight of our objective we know that there’s been some differences and and how we’re rolling out and moving forward in the end and of getting beyond covid we also know that we’re all very tired of this and no one’s any more tired of of than I am but this isn’t a time to lose control or lose patience or cause disruptions to friend and neighbors this is a time that we exercise restraint we keep moving in a direction that’s getting us back to life as normal and we do so in our respective areas that are providing the best health care needs and opportunities we are on the cusp here of getting back to green (normal) and will work through the issues within Atlantic region and I’m confident that we will be able to do so I’m going to be meeting with my with my colleagues our view hasn’t changed we are very comfortable with the recommendations of public health we’re very comfortable with the capabilities in our respective provinces the border between Atlanta provinces and we will make all of this work. It was a path to Green.
There are some very precise requirements to meet in order to go to the next phase it’s take it took a phase approach of easing the covid-19 restrictions it’s based on recommendations of public health and it was approved by the Covington committee
A New Brunswick official on the concept of Atlantic Bubble.
Source CBC broadcast 6/23/21
On this Day: June 23rd 1681
William Penn friendship agreement.
The BC Government has released a paper outlining the response to climate change actions.
The Province has released BC’s draft Climate Preparedness and Adaptation Strategy designed to strengthen BC’s capacity to anticipate and respond to the impacts from climate change. The draft strategy highlights the Province’s current actions and outlines a suite of proposed actions for 2022-25 as well as six guiding principles. Actions fall under four key pathways that work to strengthen BC’s foundations, enhance community climate resilience, foster resilience of species and ecosystems, and advance a climate-ready economy and infrastructure.
UBCM
Click on Photo for UBCM.
at high water 2017 File Photo KDG
On this Day: June 17th 2017
Sixty-four dead and hundreds injured in a series of wild fires in central Portugal.
Kevin Griffiths
percypaschal
The Proprietor Review 