@ketanjoshi.co:
Come on Bluesky, this deserves a proper roasting. Two climate villains posing as climate superheroes, getting chummy about all the new fossil fuels they’re unlocking – RIGHT IN THE MIDST of a global crisis caused by over-reliance on the product they’re celebrating
Not me, I have not been charmed or hypnotized by Harper’s Carney. He’s not a liberal, has never been, he’s ultra conservative catholic (and racist and misogynistic). He turned me off the moment he choked on not being able to admit publicly that Israel is committing genocide, with his help and his traitorous Nazi Party. CCS is an oil industry created scam in cahoots with dirty politicos like Carney to steal $billions from the public (much better spent on education and health care) to give to big oil fucking already heavily subsidized and rich, FFS. Health and Education workers were decimated by COVID and now, they’re betrayed by Carney and his traitorous Nazis Smith, Ford, Moe, and NS’s Tim Houston. CCS lets companies and countries lie to the public about mitigating our ever escalating climate pollution when it INCREASES p0llution because it leaks – one hell of a lot, and companies use it to frac for more oil, grossly polluting as they do.
@conorcurtis.bsky.social to mark carney:
What Carney is doing here is beyond irresponsible.
Bay du Nord is not, nor never can be viable. Stop misleading people on oil futures that don’t exist.
If you want facts on the project: www.sierraclub.ca/bay-du-nord-…
Equinor’s stock was downgraded due in part to continued consideration of Bay du Nord
Current price shocks to oil make the project LESS viable by speeding renewable energy adoption globally:
YOU are setting Newfoundland & Labrador up for another cod fishery collapse, instead of focussing on alternatives
That 1 billion was necessary just to get to this stage.
Ottawa had to offer to cover up to $1B in fees for this very profitable oil company
That’s a BAD sign about the economics of the project.
Equinor is about to become even more profitable short term thanks to oil price speculation and the inflation WE pay for.
@mark-carney.bsky.social:
Equinor is a major player in European energy, and they’re leading the way in making the Bay du Nord project off the coast of Newfoundland and Labrador a reality.
Good to meet with CEO Anders Opedal, to talk about the massive opportunities this project will create for Canadians. Dear Herr Carney, It will not create any great opportunities for Canadians, just Norway and the uber rich. Quit fucking torturing hungry Canadians! And, the harms to air and ocean will be great with many species suffering greatly, as will all living on earth. It’s cruel and traitorous to make others suffer while making rich fucking richer.
@Heccles94:
Billionaires do not create jobs. Stop saying it.
Without billionaires, we would still build things, design things, teach things, sell things, buy things.
Billionaires capitalise profits. That’s it.and rape and murder kids
Ottawa agrees to cover Bay du Nord oil project’s UN fees, which could hit $1 billion by The Canadian Press, March 4, 2026, CTV News
Joanne Thompson, federal minister of fisheries speaks during a news conference on the Bay du Nord project in St. John’s, N.L., on Tuesday, March 3, 2026. THE CANADIAN PRESS/Paul Daly
ST. JOHN’S — The Canadian government has agreed to cover fees for a proposed deepwater oil project that could come due under a United Nations convention, drawing the ire of environmental groups who say taxpayers shouldn’t be subsidizing oil companies.
Federal Fisheries Minister Joanne Thompson confirmed the commitment Tuesday night at an event announcing Newfoundland and Labrador’s benefits arrangement with Norwegian energy company Equinor for its Bay du Nord offshore oil development. Bay du Nord would be Canada’s first deepwater oil installation, and the first outside the country’s exclusive economic zone — a term defined by the United Nations Convention on the Law of the Sea, or UNCLOS.
The question of who would foot the bill for Bay du Nord’s UNCLOS obligations has dogged the project for years, and Newfoundland and Labrador has maintained that Canada should bear the costs.
John Fragos, press secretary for federal Finance Minister François-Philippe Champagne, said Canada is committed to meeting its obligations under the treaty. “Further work is required before determining the potential financial contribution associated with this project,” Fragos said in an emailed statement.
“Any payment under UNCLOS would be subject to negotiations and the ‘sole’ responsibility of the federal government.”
The fees could reach $1 billion, officials with the Newfoundland and Labrador government said Tuesday during a media briefing.
Canada ratified the treaty in 2003, committing to making payments to the International Seabed Authority for any resource development outside the exclusive economic zone, which extends beyond a coastline for 370 kilometres or 200 nautical miles.
The annual payments begin after the first five years of production. They start at one per cent of the production value or volume of oil produced, and increase another percentage point every year until they reach seven per cent. The fees hold steady at seven per cent for the life of the project.
If it goes ahead, Bay du Nord would be farther from shore than any other oil installation on the globe. It is expected to be the first project in the world to trigger these obligations, Fragos said.
When pressed in St. John’s on Tuesday about whether the federal government would pay those fees even if they reached $1 billion, Thompson said, “the federal government is committed to that, yes.”
Canada is still negotiating how that will play out, she said.
Danielle LaBrash, a policy analyst with the International Institute for Sustainable Development, said it is crucial that Canada lives up to its commitments under the convention. But it can make Equinor and BP — the companies behind Bay du Nord — cover the bills. Big oil boy Mark Carney will never make a rich company pay for what he can steal from poor and ordinary Canadians to give to the fucking greedy rich and or America. He’s Epstein Class and a Harper con man, ultra bad combo
“Paying these royalties on behalf of Equinor is a subsidy. It’s a direct transfer of wealth from Canadians to an international oil company,” LaBrash said in an interview.
“This is essentially an indefinite subsidy.”
She pointed to various examples of Newfoundland and Labrador’s offshore regulator flagging the convention requirements in notices to oil companies making exploration bids in the region where the Bay du Nord discoveries lie.
Julia Levin, an associate director with Environmental Defence, said Canada would violate its commitment to stop subsidizing oil and gas companies if it paid the UNCLOS fees for the Bay du Nord development.
*“Using taxpayer dollars to to increase the profits of a Norwegian oil company at the moment of an affordability crisis is not in the best interest of Canadians,” Levin said.
Thompson said Bay du Nord is important to the federal government as it shores up its economy in the face of rapidly shifting global politics. When asked if she could imagine the federal Liberals under former prime minister Justin Trudeau covering Bay du Nord’s costs, Thompson said Prime Minister Mark Carney is “another leader” in “another time.”
“Yes, we’re doing things differently, because we have to do things differently,” she said.NO, WE FUCKING DO NOT. This is just another outrageous serve the rich and fuck life on earth move by Harper Carney
Equinor is expected to make a final investment decision about Bay du Nord next year.
@doctorvive.bsky.social:
Not saying we’re not in a pathocracy — we absolutely are! — I’m just saying that, from my POV, any business or governance that furthers the development of fossil fuels, no matter how “reasonable” the individual at the helm, requires pathological levels of disavowal at this moment in human history.
@tryangregory.bsky.social:
Carney is planning to subsidize a Norwegian fossil fuel company to the tune of $1 billion so they can extract oil off the coast of Newfoundland. All while cutting public services. It’s just all corporatism all the time.
@davidm-yeg.mstdn.ca.ap.brid.gy:
Subsidize a Norwegian ff corp so they can build their sovereign wealth fund further with Canadian dollars?
@thesaanichdaily.bsky.social:
Oil that will almost certainly be shipped straight to the US just like most of the oil already produced offshore in Nfld is.