AIMCo, Alberta’s own bankrupt frac’er sugar daddy, bails out Pieridae, just another dirty slimy oily sour gassy company in big debt. Is this why Danielle Smith and UCP want to steal pensions (CPP) of more than half of Canadians (including many that never lived or worked in Alberta)?

Pieridae Announces $30 Million Equity Rights Offering With $25 Million Standby Commitment by BOE Report, August 27, 2024

… Pieridae expects to raise gross proceeds of up to $30 million from the Rights Offering and intends to use the proceeds to repay indebtedness….

….the Company has entered into a standby purchase agreement (the “Standby Purchase Agreement”) with Alberta Investment Management Corporation (“AIMCo”), which has agreed, subject to the satisfaction of certain conditions, to fully exercise its Basic Subscription Privilege to purchase 24,498,749 Common Shares and to purchase up to an additional 77,625,434 Common Shares not otherwise subscribed for under the Rights Offering (the “Standby Commitment”), which will ensure that the Company receives gross proceeds under the Rights Offering of at least $25 million. …

Refer also to:

2021: Pieridae unable to meet key conditions necessary to make final investment decision on LNG Goldboro in Nova Scotia, blames pandemic (the company has failed at getting financing for years). Did Canada say no to Pieridae demanding nearly a billion of our dollars? That money is better spent finding the disappeared Indigenous women and children and suing the criminal churches.

2021: Racist Caveman Canada Frac Rape & LNG Pillage up next with Pieridae’s 5,000 worker camp 50 km from Paqtnkek First Nation? Women and children sacrificed to keep oil and gas polluting the world and CEO pockets bulging? Stop it! “Lead in Love” instead!

2021: Letter by Paul Strome on “boondoggle” bizarre notoriously polluting Goldboro LNG scheme. “When you take a look at what Pieridae’s performance is on the stock market right now and how Pieridae has done for the past several years in the market you will understand my lack of faith in their ability to perform.”

2021: Another “No Duty of Care” legally immune AER “shell” game to let big polluter Shell avoid clean up? Looks like it. AER gives Shell-Pieridae sour gas marriage a hearing

2021: Quebec Environmental Law Centre to aid Environnement Vert Plus and spokesperson, Pascal Bergeron, threatened with legal action by Pieridae Energy Ltd. for having shared *public* information vital to the **public interest** that the company wants kept secret even though it demanded nearly $1Billion from the public. Law centre Director Genevieve Paul: “This is akin to an attempted gag order that clearly aims to intimidate people who are mobilized.”

2021: “Bad Corporate Citizen” Pieridae, after demanding nearly $1Billion of public’s money (during a pandemic no less) while promoting dubious Goldboro LNG in Nova Scotia, now threatens legal action to silence concerned citizens. Bradley Toms: “If there’s one way to show you’ve got bad intentions it’s threatening a SLAPP lawsuit against people who are just repeating things that you’ve said.”

2021: Alberta university teachers pension plan pulls out billions in assets from AIMCo management after massive loss in value.

2021: AIMCo’s new CEO: Evan Siddall, lawyer with Irving Oil history! Stealing from pensioners to finance friends of Jason Kenney & Steve Harper, flailing frac’ers, polluting big oil (that investors are fleeing) and Small Nukes for big oil?

2021: Wild Wild West Cartoons by Malcolm Mayes: Kenney’s UCP and Frac Patch AIMCo Bandits Rob Teachers’ Pension Stagecoach

2021: Bravo! Alberta Teachers’ Association file lawsuit against UCP to try protect teachers’ $19.3 Billion retirement fund (about 84,000 members) from sleazy, mega money losing, frac fingers AIMCo

2020: UCP appoints another “dickhead” to direct AIMCo: Nova Scotian Bob Kelly, past CFO of Wachovia (laundered $billions for drug cartels) and fallen from grace exCEO of Bank of New York Mellon.

2020: Frac Tank Reality Show: “Debt, Debt and Debt” and more debt; Judge-gifted bankruptcies to keep companies frac’ing & polluting and con investors into losing more money; Abandon thousands of frac harmed families; And intentionally dump pollution and clean-up on taxpayers. In the USA, “explorers burned through some $342 billion of cash since 2010, leaving little in the way of returns for investors.” In Alberta, AIMCo took $100s of millions (under Kenney & Harper, will likely take $billions more) from pensioners years ago to give to “quite leveraged” frac’ers already then.

2020: Will mega loser AIMCo throw more pensioners’ money away in corporate welfare/bailout to failing flailing Alberta frac’er Calfrac?

2020: Alberta picks yet another hanky panky “Dickhead.” Blackrock (lost $90 Billion in fossil fuel investments last 10 years) rule breaker Mark Wiseman to chair AIMCo (money-losing launderer of funds from pensioners to bankrupt frac firms).

2020: “Polluter” Shell & “Penny Stock” Pieridae to retry their sour gas marriage, coached by AER, funded by “Loser” AIMCo. Stewart Shields: “Alberta Conservative gov’ts becoming recognized as the worst petroleum managers in the free world—as this story by the famous Andrew Nikiforuk describes so pointedly!!”

2020: Alberta’s AIMCo Loses $4 Billion on bet gone wrong. Bet gone wrong or laundering (aka stealing) more money from ordinary citizens and pensioners to give to the rich?

2020: Vital warning for AIMCo by Bank of England Governor Mark Carney: Pension funds could be hit by ‘worthless’ fossil fuels

2019: Look out Albertans whose pensions Kenney gave to AIMCo. Crazy Days in Alberta: The Poison Wells File. The province let oil and gas firms create a $100-billion disaster. New example? Shell Pieridae Briko Ikkuma Alberta Foothills Sour Gas Marriage financed by AIMCo and about $10Billion in liabilities.

2019: If AIMCo were independent, trustworthy and believable would its CEO need to boast so loudly and dishonestly in the media? Will King Kenney fire Mr. Uebelein if he refuses to give bankrupting oil and gas frac’ers a billion more dollars here and a billion more dollars there?

2019: Energy: The Losing Sector in the Junk Bond Rally. This year, high yield corporate bond market produced best returns since 2016. Despite this strong performance, Energy sector, which makes up 11% of the HY bond universe, produced **negative returns.** Jason Kenney and AIMCo: Keep your grubby greedy mits off our pensions, including our CPP!~

2019: “Impeach a Premier?” Jason Kenney & his UCP’s Omnibus Bill fires Election Commissioner investigating Kenney, transfers teachers’ pension funds **without their approval** to underperforming AIMCo. Kenney trying to turf RCMP too because they’re also invesigating him?

2019: UCP Filthy Lucre Lust: Hands off our CPP! We don’t want AIMCo rendering our pensions into “a pork barrel to convert into welfare payments for fossil fuel billionaires.”

2019: “Effectively, the shale boom is over.” Colorado’s 8 largest public oil & gas producers spent $27 Billion more than they made in past 5 years. Is that why Alberta gov’t wants our pensions? To feed the bleed via AIMCo?

2019: Kenney stealing $16.6 Billion from Alberta teachers to give yet more corporate welfare to polluting oil & gas & frac bankrupters via AIMCo? Includes revealing comments by Diana Daunheimer.

2016: Why did AIMCo (ATB/Heritage Fund connected) announce $200 Million (bailout?) investment in “Quite leveraged” Calfrac on same day NDP Rural Caucus try to get Nielle Hawkwood’s frac ban resolution on floor of NDP’s Annual Convention?