To the seasons of life
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Tomorrow is Earth Day since 1970 the world has had an Earth Day. And the music that’s in the photo of the deer down below is from artist John Denver, proclaiming that celebrate Earth Day everyday is the way to go. Happy planet!
OTTAWA/CALGARY, Alberta, Nov 15 (Reuters) – Canada’s Trans Mountain oil pipeline has been shut down temporarily because of rainstorms pounding parts of the province of British Columbia, the operating company said in a statement on Monday.
Reuters
TMX and local FN bands.
the regular Trans Mountain Pipeline activities ceased for intervention with flooding and emergency abatement. Some equipment showed up and assisted local FN with flood mediation.
Cliff Shackelly, and the Nooaitch band, had Trans Mountain equipment and personal remediation of bridges and roads last week after being cut off from the rest of the world by a flash flood from the flashy Coldwater river system. Another, Arnold Lampreau, Cheif says that Forestry brought in a road from Spius Creek, to relieve. Cliff Shackelly now works security at the Trans-Mountain Camp, according to Lampreau.
Fish traps on The Coldwater south of Colletville, and operated by the tribal association, of which the 300 odd members of the Nooitch band are members, are not accounted for at this time. The group takes returning Salmon Captive for enumeration and projections of fish stocks.
The US president authorized the use of the countries emergency oil reserve today. The announcement is credited to have made oil prices jump over 2 percent. West Texas light crude, the benchmark grade that Canadian oil from Edmonton is sold, went to $78.75 dollars PB. On a sense of supply concerns.
The parkland refinery in Burnaby BC processes crude from the Trans Mountain Pipeline and stopped its processes in response to the flooding and the lack of oil from the Transmountian Pipeline supply being stopped.
While still processing oil from storage and ships the shut down will be causing more flaring and noise for its Burnaby neighbors.
The Burnaby refinery is the last refinery in Western Canada, it was acquired by Parkland Limited in 2017, after being part of the Burnaby community since 1935. ” Keeping people moving on Land, Air and Sea”.
It should be obvious in BC that the savings of insurance premiums and the demand on fuel at lockdown times, enjoyed by BC people during the Hiadus from Covid-19 will be there for this situation. Be careful!
Transmountain pipeline delivers 300 thousand barrels of product a day from Edmonton to Burnaby. The expansion, (TMX,) will more than double that. The work is expected to be complete in December 2022,
It is expected that the 300 thousand barrels will be back online by the end of the week.
On this Day: November 23rd 1963
Doctor Who Premieres on BBC.
Canada approved the Trans Mountain Expansion on June 18, 2019. The work is subject to 156 conditions that the regulator ensures are carried out. The most prodigious condition of construction is always the cleanup or reclamation.
The stated goal of this project’s reclamation efforts is to protect the environment, have a small impact on land, and return it to its original function if there were to be an impact.
Trans Mountain has committed to this in writing in the application conditions in the approval and in more generic terms in its newsletter and of course by doing it along the way. Some things are mitigated when the original value is degraded and the enjoyment of local life enhanced by mitigating a recreational or environmental legacy for communities.
There are many specifics in this month’s trans mountain today on plans and opportunities for the reclamation of the progressive and completed work.
This is us, we own this as Canadians at this point, and the value of our citizenship is being communicated by the care and control of this endeavor. Let’s look at this as a legacy for the civility and attachment to successful completion and mitigation during a very challenging time in our life. Fortune follows the brave and while not viewed as heroic the fact that it goes through us, bisects our land, and curates our landscape with a common compliment, is indeed a legacy, we should brood. Because it was done right when other things were wrong. Done right in the way that patient progress passed the clamor of fears.
I was a queen, and you took away my crown; a wife, and you killed my husband; a mother, and you deprived me of my children. My blood alone remains: take it, but do not make me suffer long.
Source
Marie Antoinette was born.
The Trans Mountain pipeline gained some more credibility with a Canadian electorate having the opportunity to discuss and decide on the platforms of political parties carbon plans, which included net zero by 2050.
The pipeline brings oil sand products to the coast and is squarely in the public interest in generating the revenue neutral income and incentives to bring down emissions by the registered UN convention of net zero by 2050.
Revenue neutral means that income to government must reduce tax’s or fees elsewhere. Most likely green incentives.
The 30% cap and trade on emissions has the potential to create capital in existing industrial entities, greener capital, and updated capital that may have a net zero effect on other industries as they produce into the GDP.
The leave it in the ground idea was some what muted by the discourse that produced a minority government on September 20th 2021. This released the great Canadian imperative, the potential for reasonable compromise amongst reasonable people as they pursue the constitution purpose for Canada; peace order and good government, always, and in particular during the 44th federal parliaments time.
We are not telling the reader anything that they have not had opportunity to hear. As they give leave to those they have elected to carry out the business of parliament to continue. We are not government by plebiscite but responsible government with the option to call for elections if confidence in that of a time of working on our behalf loses it shine. So let’s enter the rest of our own business for at least 2, 4 or 5 years.
Canada agreed to a goal of 30 percent reduction of Green house gases by 2030. This was at the Paris accord in 2015. the base line was 2005 emissions, to set reduction plans by.
The charge on fossil fuel 10 dollars increasing yearly to 50 dollars by 2022.
Out put based pricing on Industrial facilities same price as equivalent fossil fuel 10 x5 = 50 dollars a ton 2022.
On July 12 2021, Johnathon Wilson, minister filed a report to the UN saying that the commitment for 2030’s emissions level in Canada is increased from 30 percent 40-45 percent by that same year.
To get to the 40-45 percent reduction the government registered a 15 dollar raise in carbon tax on both backstops.
The base from which facility emission is calculated is 70 % of a “Production based national average of the intensity of emissions. This cap and trade leaves 30 % to tax and set as a goal to reduce so as to lessen tax.
Canada passed laws to support net zero growth by 2050.
The UN has no jurisdiction to enforce any convention, however Canada has passed a number of laws to support its participation in this endeavor. The September 20th Canadian election is obviously a necessary seeking of a parliamentary mandate to support the goals of government including the trans mountain expansion.
The Battle of Homidon Hill, long bow success.
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.
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
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).
Customer Income toward construction, is not moved to inventory or assets, and will eventually go to capitalization.
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 August 19th 2021 TMX reiterated that the west alternate route is approved and 99.9 percent of the expansion is
approved at this writing.
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.
Berwick on Tweed captured by English forces.
Epilogue
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
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
Nicola River File Photo KDG
Still in the Q for crossing ?
Playlist : Leon Bridges…
You Tube Music
Quake lake is formed in Montana.
The mover of fuel from Alberta to the west coast and beyond reported a productive year despite Covid-19 concerns and a sometimes challenging demand environment .
In spite of the challenges presented by the global pandemic, it was a successful year operationally and financially for the corporation – a reflection of the critical service the Trans Mountain Pipeline provides and our ability as a company to adapt to changing conditions,” said Ian Anderson, President and CEO of Trans Mountain Corporation. “We have an important role to play in the economic recovery of communities where we operate. As an essential service provider and with a major, national interest pipeline expansion project underway, we know that in order to continue to work for the recovery of Canadians, we must remain safe.”
During the COVID-19 pandemic, Trans Mountain and its construction contractors have been working diligently together to ensure adherence to all advice and direction from government and health officials both provincially and federally, while ensuring the safe operation of the Trans Mountain Pipeline System and the continued safe construction of the TMEP. In 2020, direct costs related to Trans Mountain’s COVID-19 response totaled $18.9 million on the TMEP, to ensure safe project execution, and $1.6 million related to existing operations.
Work on the Expansion Project progressed to 22% construction completion by year-end. As of December 2020, prior to our safety standdown, there were 7,300 people working on the Expansion Project including more than 1,000 Indigenous workers who have worked on the Project – over half of whom live in communities directly along the pipeline corridor.
“We saw significant progress on the Expansion Project over the year – with pipeline construction starting and well-underway in British Columbia and the near-completion of work in the Greater Edmonton area,” added Anderson. “As we head into peak construction across most of the Project in mid-2021, we do so with a renewed focus on safety. After two significant contractor safety incidents, we voluntarily stood down project work from December 18, 2020 until mid – February 2021 while we completely reviewed safety culture, systems and training. Safety of workers is, and must be, our number 1 priority.”
Since the Project’s inception, $6.1 billion in capital spending has been incurred to the end of 2020. Spending to-date on the TMEP includes up-front costs of permitting, regulatory processes, legal, materials such as pipe, valves, buildings, motors, and financing costs in addition to direct construction related activities. TMC’s projected Adjusted EBITDA is expected to be approximately $1.5 billion in the first full year of the Expansion Project’s operation and expected to grow annually thereafter. These projections are underpinned by long-term contractual commitments covering 80% of the system’s 890,000 barrels a day of capacity.
On February 4, 2020, the Federal Court of Appeal dismissed challenges to the Federal Government’s approval of the TMEP and on July 2, the Supreme Court of Canada dismissed all applications for leave to appeal the Federal Court of Appeal’s February 4, 2020 dismissal of challenges to the Federal Government’s approval of the TMEP.
On October 9, 2020, Trans Mountain submitted an application to the Canada Energy Regulator for the West Alternative Route variance through the Coldwater Valley in British Columbia.
In the second quarter of 2021, Trans Mountain will release its first ESG report outlining the Corporations results and aspirations through the lens of environment, social, and governance. Trans Mountain will be setting targets to reduce/offset our emissions. Our targets will support the Government of Canada’s ambition to reach net zero by 2050.
See the full financial statements and management report documents here. See Canada Development Investment Corporation’s Quarterly Report here.
Non-GAAP measures
We make use of certain financial measures that do not have a standardized meaning under U.S. GAAP because we believe they improve management’s ability to evaluate our operating performance and compare results between periods. These are known as non-GAAP measures and may not be similar to measures provided by other entities. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization and equity AFUDC) is a non-GAAP measure we use to evaluate our operating performance absent the impact of financing decisions, non- cash depreciation and amortization, and non-cash equity AFUDC.
AFUDC (Allowance for Funds Used During Construction) is an amount recognized by rate-regulated entities to reflect a return on the equity and debt components of capital invested in construction work in progress.
TMX is owned by the government of Canada and views the expansion as an essential to the well being of the people of Canada. A public owned corporation like TMX has the highest level of accounting demands in the mix of business structures .
Anne Boleyn beheaded.
Trans mountain is gearing up for increased activity after spring break up is done.
Work will commence in a series of phased activities along the pipeline right-of-way. This could include; surveying, flagging and staking the right-of-way, mobilization of crews and equipment, preparing the right-of-way, clearing and grading, delivery and staging of pipe, trenching, welding, lowering of pipe, backfilling and restoration of the right-of-way.
The Dali Lama flees s to India.
The Trans Mountain expansion project is hiring 35 students for the coming summer.
Trans mountain highlighted their support for international women’s day with a article on their Oct 20th 2020 course on women in management.
n October 2020, Trans Mountain launched a Project Management Extension Certificate program for Indigenous women from communities along the pipeline corridor.
“This one-year virtual program – offered through Mount Royal University in Calgary – was created as a result of high interest expressed by women who were keen on developing their project management skills to support their current careers and advance their knowledge. The program provides transferrable skills training that can be implemented in diverse areas such as new construction, environmental remediation, infrastructure projects, and more. Participants also have the valuable opportunity to work with a mentor to support their career development and networking circles.”
The resolve it takes to build a productive life is demonstrated by commitment to your self to achieve…
The barriers to life must be turned into challenges if you are to feel good about your self. Build bridges not walls
On this Day: March 16th 1968
Gm makes its 100 millionth car.
The Trans mountain expansion has work in the Merritt Area although the scuttle butt is that they will be back up and running in a few of weeks ” Del Smith ” Security. Del says that the crews have been taking safe work place courses at the hotel in Kamloops
Merritt area has two projects a stock pile site May 2019 to May 2021 and the Kamloops to Coquihalla summit September 2020 to September 2022.
Air brake patent.
Hey Merit what do you say?
Kevin Griffiths
percypaschal
The Proprietor Review 