Category: Environment


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…

Pipe for oil field
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.

Know as the trans-mountain apartments,
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.

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
UTM

On this Day: August 17th 1959

Quake lake is formed in Montana.

TGIF- Happy wiggle your toes day!

One ,Two, Three Wiggle!

Your in complete control of those digits, no one else has that power; so go for it .Wiggle away ,its good for the soul, and the laces.

Arnold Palmer shoes left behind…

Duffer..

.
File photo KDG

Be kind , be glad , be smart.

On this Day: August 6th 1996

Nasa says a meteor from Mars has primitive life forms evidence in it.

TGIF- West Alternate Route…

Pipe for oil field File: Photo KDG

Trans mountain pipeline has a variance effecting it route through the Nicola Valley.

Canada Energy Regulator West Alternative Route Decision

On July 19, 2021, the Commission issued its decision to approve Trans Mountain’s variance application for the West Alternative Route, which is located in the Coldwater Valley area of British Columbia. The West Alternate Route is approximately 18 kilometres long, deviating from the approved corridor at Kilometre Post (KP) 931.43 and rejoining the approved corridor at KP 946.88.

On this Day: July 30th 1932

Flowers and Trees premier.

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

Deer is where you find them, but are they in season,
no firearms in municipal boundaries,
File photo KDG

Stay calm , stay connected, be your own best friend!

On this Day: July 29th 1899

The first Hague convention signed.

Happy World Nature Conservation Day…

Hi my love!

Will the forest echo with laughter?

Bee mine…. File Photo KDG

Today is world nature conservation day.! It is a declaration of the United Nations assembly and observed by it’s members.

The purpose is to have people commit to preserving plants and animals from going extinct. “Every individual” needs to do this to ensure natures survival, in the view of the organization.

On this Day: July 28th 1996

Kennewick man is found.

As BC said: we are all in this together…

Original thought July 8th 2021:

Toast the future,


https://music.youtube.com/watch?

v=r8M37gEWXFE&feature=share


and remember your friends…

Summer Wine : Ville Valo and Natalia Avelon

Recorded earlier

Goodness and health to you and yours this summer.

On this Day: July 8th 1775

The Olive Branch Petition.

April 20th 2016 in the shade at Merritt downtown. The 30 Celsius was-3
degrees over the recorded record of 27.1 Photo KDG

47 Degrees C at 2:15 today…

According to the 14 day forecasters the over night lows will be moderating starting tonight .

5 years ago…

Temperature in April was averaged 19’1 C, this year, Five years ago the average April temperature was 15.7. The extreme April 2016 was 29.7 April’s extreme this year was 26.4 down 3 degrees. The June 2016 average was 23.5 with an extreme of 34.9, June 2021 average temperature was to yesterday 26.8 with 44.5 being the extreme. If todays forecast of 48 C is right it will bring it up to a record. With a full 10 degrees jump in the June 2021 extreme over 5 years ago it should be noted as significant.

On this Day: June 30th 1997

Hong Kong goes back to China after the lease runs out.

The public health people are quite pleased in the way immunizations is going and are suggesting that the variances that they are they are familiar with are within their scope of good health public health measures going forward through the summer and into the fall.

On this Day: June 28th 1971

Elon Musk born in South Africa

Electric Bikes Health Citizens

Map, click for challenge register, two weeks left…

City map on shop of Voght Street.
File photo: KDG

Rating: 5 out of 5.

On this Day: June 16th 1884

Switch back railway, Roller Coaster ride opens.

Normal yet, we wonder…

Normal is as normal feels: and sounds…

file Photo KDG

What is normal? It matters the context, what is normal to a drowning person is not normal to a secure lively individual. So by the end of summer there is a hope for normal life back to the people of BC that have endured a long bout of pandemic lessoned activity. This is a desire that is different with many people those that nearly drowned in the time period . And those that did reasonably well with the support given will have a different take on what is normal of normal. The people that did better by it another take.

To continue the metaphor of the drowning man, throwing a line that is reachable and not taken will produce a survivor that has a view of his individual effort being the value to be preserved. A good and strong reserve going forward for him to risk again, Those that were dependant will remain dependant but in truth no one had a complete case of either or as the effect of one played into the experience of the other. This will be the continuing normal for going forward for some time more.

Build your bridges forward and backwards.

It’s a two way street give and it comes back or maybe if not it goes some where you have effected situations unkown! We are all in this together ,a communicable disease that has no redemption in its self. But we all contribute to the pot of hope and the balancing of outcome.

Everyone offends…

Living our lives and doing our lively hoods offends or challenges others in a way out of our control however offending with our talk is mostly in our control and if we do not offend lightly in speech and other communications we are to be commented. This is needed when trying to return to a normal real or imagined. Good luck!

See you on the normal side…

O

On this Day: June 3rd 1937

Wallis Simpson marries the Duke of Windsor.