Dear Prime Minister Trudeau,

Allow me to introduce myself. I am a lifelong, pretty old British Columbian who loves his province with the same passion I’m sure people in Trois Rivières love theirs. Your inferential calling BC’s patriotism into question because we will vigorously oppose your approval of the Kinder Morgan pipeline demonstrates clearly that you’re quite unable to understand this, your connections to BC notwithstanding.

There’s a sense that British Columbians think that because they’re different that “different” means “better”. That simply isn’t so. What we cherish is our distinctness (a word I use advisedly). When BC is included in the term “The West”, we bristle because we are indeed a very separate region but also because it does a great disservice to our neighbours to meld them into a fictional, however convenient, sameness as us.

Let me tell you a personal anecdote. I’m a writer who’s written 11 books and God only knows how many columns. For many years I wrote for the Financial Post and during that time, perhaps 20 years ago, I was offered a column with the Toronto Globe and Mail to be called “The View From The West”.

I protested that this would be badly received because I didn’t live in the West but on the Pacific Coast. I told Sarah Murdoch, the editor, that people in Brandon, Saskatoon, and Lethbridge would be justifiably outraged that I pretended to speak for them and their issues, as I would be if they spoke for mine.

Your decision to support the Kinder Morgan pipeline and the horrific Site C Dam demonstrates that in spite of your connections to this province, you don’t come close to understanding this – or you understand it perfectly but, for strictly political reasons, choose to ignore the inconvenient truth. More on that point later.

Sir, may I suggest that you read The West Beyond The West by Dr. Jean Barman, professor emeritus, Department of Educational Studies, at your old alma mater and mine, the University of British Columbia. Dr. Barman, a Winnipegger by birth, came to British Columbia many years ago and, like so many converts, became more devout than the natives. This highly readable book is a fascinating history of how this province really came into being, which was quite unlike Ottawa’s more preferred, vague version and I can assure you it contains much that will surprise you considerably.

Let’s deal with one area that you should know about. There are close to as many First Nation tribes and discrete languages here than in the rest of the country combined. I was surprised indeed to learn from Grand Chief Ed John that while he couldn’t understand the language of the nation next door, he could understand the Navajo in New Mexico. Our ignorance of First Nations is astonishing, except how could it be different when my generation were only taught about Iroquois, Algonquin and Hurons, not Salish, Secwepemc or Musqueam. This not terribly subtle effort to “Ontario-ize” English speaking Canada has been energetically applied in BC and just as energetically resisted. It spawns resentment, not national unity.

I don’t pretend to speak for all British Columbians but I believe, based on a long and multifaceted experience – including being a BC cabinet minister responsible for constitutional affairs – that there’s a general defiance in BC towards unfair treatment of their beloved province, endemic to Ottawa from the beginning. You may well see that defiance in action.

I need only point to federal fisheries policy going back to 1871, continuing to this day with Atlantic salmon farms. Science, always brushed aside by the highly politicized Department of Fisheries and Oceans, has demonstrated that fish farms containing the alien Atlantic salmon carry, multiply and spread disease to wild Pacific salmon. They also propagate sea lice that damage and often wipe out wild salmon runs. This redounds to the enormous disadvantage of First Nations who rely upon wild salmon for food and ceremony, not to mention the damage to the commercial industry and sport fishing sector.

Your government, Mr. Trudeau, persists in defying science and not only permitting Atlantic salmon farms in BC, but promoting them. The Pacific salmon is, for us British Columbians, Prime Minister, our symbol – our icon. And you want us to believe that you really give a damn about BC?

Let me put it plainly – are the Tar Sands of Alberta really more important than the renewable salmon from which so many British Columbians derive their daily bread, prosper and enjoy as sports people?

Mr. Trudeau, a question: As Canada’s prime minister and grandson of a former fisheries minister, can you (without peeking or prompting) name the seven species of Pacific salmon (8 if you count Asia) and tell us which five are commercially caught? What about your fisheries minister? How about your cabinet ministers?

The ignorance in Ottawa of the Pacific fishery – what it is, where it is and where each species spawns – goes back to 1871 and gets worse by the year. This appalling ignorance is part of Ottawa’s built-in lack of concern about the discrete character and makeup of this province and its people who love it so much.

This symbolizes, sir, the difficulties between our province and your autocratic attitude, as evidenced by the Kinder Morgan decision.

Let’s get down to cases. This is our home.

The land between the Tar Sands in Alberta and the ocean is extremely important to us, not only economically but as part of the ecology we have learned, often the hard way, that we must protect. Oil spills on land are permanent disasters because, even if they are reachable, bitumen is virtually impervious to clean-up. In the ocean, they are far worse. I urge you to spend a moment of your valuable time examining the spill in the Kalamazoo River six years ago which still hasn’t been cleaned up and never will be. In spite of the mindless blathering of our premier, there simply is no such thing as a “world class” cleanup that works on bitumen.

Like people everywhere, British Columbians had to learn environmentalism. This took time, a lot of effort, careful and often hard to accept education and a great deal of political shifting to decide that you couldn’t chop down all the trees, dam all the rivers and clog up the inlets with garbage. We discovered that the extraordinary beauty with which we, and I might add the entire country, were blessed with did not last without considerable, care, cost and sacrifice.

This is our home every bit as much as where you live is yours, Prime Minister, and we don’t intend to allow you or anybody else to damage, much less destroy it. I believe that the vast majority of British Columbians would endorse that statement and stand behind their province with every effort available to them.

This nonsense that bringing 400+ tankers laden with bitumen, plus many more with LNG, is of little or no consequence is, frankly, pure barnyard droppings. The constant statement by industry that that accidents are extremely unlikely, or if they do happen, they will be quickly cleaned up, is typical corporate bullshit from Kinder Morgan, and the people of British Columbia know it and will fight it desperately.

The Laws of Probabilities tell us that there will be serious accidents in Burrard Inlet, Howe Sound, Saanich Inlet, the Salish Sea and any of a number of passes, including Juan de Fuca. Moreover these explosive, poison-laden vessels won’t cease being a threat when they are outside the inner waters into the Pacific coast. You have to know what we’re dealing with here, Prime Minister – a substance which simply cannot be cleaned up.

Let me close with this. We will fight for our homes in the Peace Valley, which I’ve only touched upon, but you’ll soon know a lot more about that very grave issue. We will battle for our homes and safety on the coast. We will put up one hell of a fight.

What have you won if, through the enormous advantage you have, you beat us down? Think on that Mr. Trudeau.

Will Canada be a better place if, by force, you compel the Province of British Columbia, to facilitate the full exploitation of the Tar Sands of Alberta, the acknowledged worst polluter in the world, make the wealthy wealthier, save the political bacon of Premier Notley and give your party lots of Alberta seats?

The fossil fuel industry will be better off, as will Premier Notley, and so will you. But will Canada be better off with a badly alienated British Columbia – an alienation which will increase every time there’s a tanker collision or an oil spill?

British Columbia didn’t provoke or ask for this fight, Prime Minister – you did, and whatever defence you may mount, or noble motive you preach, the evidence will shine through that you and the Liberal Party of Canada had a substantial interest in the outcome.

That, sir, will be your everlasting legacy – not just to this province, but to the country.

Ponder that, Prime Minister.

I listened to Alberta Premier Rachel Notley on CBC with Rick Cluff this week and must say she said nothing to give me cause to change my mind on Kinder Morgan. To the contrary, I asked myself how could she be so indifferent to the problems 400-plus tankers a year full of bitumen would bring to the BC coast.

I have a lot of trouble with the Trudeau/Notley attitude because the position British Columbians take is so obviously rational and natural. Just why people in the rest of Canada can’t understand eludes me. Wouldn’t they protect themselves and their homes?

Clark cutting a deal for BC?

The light went on when premier Notley talked about Christy Clark trying to make a deal with Kinder Morgan for money, saying that she understood that they were pretty close.

Of course! Clark, being a far-right-wing airhead (forgive the redundancy) has never concerned herself with the impacts all these extra tankers plus would have on our coast.

It would never occur to her that the colossal damage done by the inevitable spill would be permanent. It would never cross her mind that a simple understanding of the law of probabilities tells you accidents will happen over and over again and that, given the filthy nature of the cargo of these tankers, the damage is bound to be extremely serious. If these things don’t bother her, why would others care?

I dare say that if you mentioned Kalamazoo to Christy Clark, she would immediately think of the old Glenn Miller song of the 40s;  it wouldn’t  occur to her that it now signified the worst pipeline spill in history, six years ago, which has never been cleaned up and never will.   

If the premier of our province is not telling other Canadian leaders how serious the Kinder Morgan issue is to her province, then the press, such as it is, won’t pick up the story and all people east of the Rockies will have read is Gary Mason in the Toronto Globe and Mail.

Horgan ready to make Kinder Morgan an election issue?

Until very recently, John Horgan, leader of the BC NDP has been waffling, so any who gauge the opinion of a province by the pronouncements of their politicians would conclude that it was only a small group of crazies that were opposed to this pipeline. Somebody has obviously had a word with Mr. Horgan and he now realizes this is an issue upon which an election might depend. He’s seen the error of his ways and is now enthusiastically opposed.

The result of this misrepresentation of our general position makes us look bad in the eyes of other Canadians who simply don’t understand what our problem is. Although it is difficult for me to keep my cool on this subject I will try to put this in clear terms.

Public opposition based on common sense

Other Canadians must understand that the case against a multitude of bitumen loaded tankers on the BC Coast has never been stated by the government for the people. Quite, the opposite: the BC Liberal Government went as far as to sign away the province’s constitutional authority to represent its constituents on this matter, through a controversial “equivalency agreement”, which we’ve documented in these pages. Thus, it has been left to private individuals and groups. This is taken to mean that the environmentalists are hysterical and the government is calm and accurate.

In fact, environmentalists have all of the science as well as common sense on their side and, importantly, the law of probabilities. When you have this many tankers constantly using water ways such as exist in the routes out of Vancouver through the harbour and all of the channels involved, the law of probabilities says there’ll be more accidents as this traffic increases, as it surely will. 

What’s worse, the bitumen cargo ensures that an accident will have very serious consequences, especially near populated areas. Added to to this, Mr. Trudeau has approved an LNG plant near Squamish, sending tankers loaded with LNG  through Howe Sound to meet with the tankers coming from Vancouver. Mr. Trudeau chose to overlook the fact that even by standards of the tanker industry organization,SIGGTO, Howe Sound is far too narrow for the necessary tanker traffic. He doesn’t give a damn and neither does careless Christy.

It must also he understood that clean-up is a very iffy proposition. Both Kinder Morgan and the government play down the frequency and seriousness of spills and their inability to handle them, but they don’t mention that bitumen is impossible to clean up under the best of circumstances. I mentioned the Enbridge spill in the Kalamazoo River in 2010 and if one takes a moment to Google this tragedy, they’ll learn how catastrophic bitumen spills are, even when easily accessed.

Fellow Canadians, this is merely a thumbnail sketch of the consequences of the Kinder Morgan proposed pipeline extension.

Bad deal for BC

Now, here is the deal proposed to us by Justin Trudeau and Rachel Notley:

Alberta gets to fully reopen the world’s biggest polluter, the Tar Sands, and ship its shit through BC by pipeline and then, by some 400 and ever-increasing bitumen tankers a year, ship it through the hazardous Salish Sea (formerly Straits of Georgia) to foreign markets. It bears no risk and neither do the Feds.

For its part, BC stops complaining about statistically certain ruptures in the pipeline and statistically certain bitumen spills on their coast with the calamitous consequences they bring, including the safety of citizens, and agrees to support the pipeline and bear the damage.

That way, we’re advised, both Albertans and British Columbian will then be good Canadians.

Well, Madame Premier and Mr. Prime Minister, in the politest phrase I can think of, get lost. Don’t go away mad, just go away.

Neither the Kinder Morgan line, nor any other, is going to get built, next year or any other year. We have the inherent right, like all good Canadians, to protect our homes from any outside threat and that sure as hell includes the Tar Sands.

You have pushed us too far.

“They hang the man, and flog the woman,
That steals the goose from off the common;
But let the greater villain loose,
That steals the common from the goose.”

I’ll not waste too many words on Prime Minister Trudeau’s treachery.

Of all the many political sins, surely the greatest of all is hypocrisy and this prime minister has taken that sin to new levels. He basked in the glory of Paris and being portrayed as the hero of the earth but had scarcely got home when he cast aside the cloak of righteousness, reverting to being a cheap hustler for the fossil fuel industry, even outshining Stephen Harper.

May takes a stand

The consequences that would flow from Kinder Morgan’s pipeline would be a monumental contribution to global warming and killing the earth’s atmosphere but he’s consoled by the fact that the fossil fuel industry loves him and with their captive pseudo-journalists are falling all over themselves in support. I can’t help but comment on Gary Mason in the Globe and Mail, who criticizes Elizabeth May because she’s said she’ll go to jail if necessary in protest of the Kinder Morgan line. Mason, the sneer undisguised, quips, “Green Party Leader Elizabeth May has already said she is willing to go to jail over Kinder Morgan. Less clear is what good she thinks she can do behind bars.”

Gary Mason knows the answer to that full well and fears it because it would do one hell of a lot of good. There’s not a public figure in BC who could rally people against Kinder Morgan in a more effective way then she. Elizabeth May behind bars would be Kinder Morgan’s all-time, number one nightmare – not to mention a political horror story for the Liberals and the Tories. She has that commodity the media has abandoned – credibility.

From Brexit to Trump

Ms. May, along with other leaders of this fight like Grand Chief Stewart Philip, head of the Union of BC Indian Chiefs, understands something that Trudeau chooses to ignore: There’s been a sea change in politics in this world. The enemy is no longer the other political parties but the elite, regardless of individual political persuasion. Brewing for a decade, it recently manifested itself in the Brexit vote and the election of Donald Trump. No one needs to explain this to Ms. May or Grand Chief Philip and I’ve neither the time nor the inclination to explain it to Trudeau.

Not long ago I said this about the Brexit result and in predicting Trump’s victory:

[quote]The media and pollsters have been caught out making outdated assumptions and asking irrelevant questions. They’re looking at this contest through the prism of elections past and are still declaring their choice of issues and missing the main one.

It’s an entirely new ballgame and I refer back to articles I’ve done here and elsewhere saying that society as we have come to know it is mortally wounded …[/quote]

The accepted media wisdom, an oxymoron if there ever was one, is that mostly kooks voted for Trump. In fact, interview after interview discloses the underlying reason was deep anger with what the Anglican Book of Prayer so neatly calls “those set in authority over us”.

The phenomenon is not Donald Trump but a worldwide movement of ordinary people who are angry. Whoever looked less elite was going to win.

Tired of being lied to

Who are these angry people?

Not the poor and disadvantaged, although they are part of it; not the traditional left, many of whom are unwelcome. These are people pissed off at the entrenched wealthy, the elite, who have the power to do as they wish. Mr. Trudeau, your ilk, sir!

What was the cause? The catalyst?

Clearly, it was pollution, a phenomenon that showed the elite to be incompetent, serial liars who, since the start of the industrial revolution, had assured the public that no harm came from gunk emitted from smokestacks even though cities like London were blackened by these emissions.

The denouement began with Rachel Carson’s 1962 Silent Spring. It was just a matter of time before people realized they had been, and were being lied to. For the first time, the need to regulate industry in order to protect the environment became widely accepted, and modern environmentalism was born.

Industry and politicians went into denial. Tobacco smoke, hitherto claimed harmless, was proved to kill both smokers and innocent bystanders, yet the companies fought every inch of the way like cornered rats. The chemical companies went into full denial, even though companies like Union Carbide became massive killers.

The list seemed endless and the evidence piled, up but the elite kept on lying and hiring pliable scientists and clever PR specialists. Governments were willing accomplices and, every day, the elite lost credibility, yet clung to their denial.

Then, in a different but related area of public health, there was that kook Ralph Nader, denying the wonders of America’s icon, the automobile and its ever-increasing safety features, in his 1965 book Unsafe At Any Speed. Suddenly, the courts demonstrated that Nader had been right all along. Jesus! Was there nothing sacred?

More valuable than money

Prime Minister, we’ve come to the crux of the matter. 

It has dawned on people that the elite have only one standard of judging value – money – and that they would risk destroying the earth to make it.

More and more, people see that there’s real, tangible value to water, more than just making electricity and slaking our thirst. What, they asked, if it does no more than be beautiful in its untouched state? Can it be said that water is only valuable when destroyed for a dam?

Trees have a dollar value when they become lumber and paper. What about the life they harbour and perpetuate? Is an uncut forest not valuable in itself? Do we have to destroy it before it’s an asset?

Environmentalism went from being semi-admirable Kookism practiced by, you know, those sorts of people, to the respectable, then became mainstream, moving into the realm of the sacred.

Unholy catechism

No one believes developers or governments any more, not even Prime Ministers. Projects that once would scarcely cause a ripple of adverse reaction became hugely controversial and it was no longer just the “usual suspects” picketing and demonstrating against those in authority. Suddenly “Jack was as good as his master”, perhaps better. The elite, the “higher purpose persons”, have their knickers in a knot, unable to comprehend what’s going on or why. Lying, bribery and blatant hypocrisy constitute the only catechism they understand.

You are in denial, sir, because you can’t think of anything except business as usual, always hoping this all goes away.

“National Interest”

Let’s move into contemporary British Columbia.

You tell us, Mr. Trudeau, that our environment and way of life is subject to what you say is in “the national interest” – whether we like it or not. Money counts, especially oil money. Your political commitments, not to say bribes, are paramount.

We must accept that pipelines carrying deadly bitumen go through virgin forest where spills can’t be reached or, more likely, there’s nothing to be done anyway. You glibly dismiss the horrible, ongoing risks of tanker traffic – plain statistics tell us what will happen.

We’re told we must, in the interests of the “nation”, put our rivers, inlets, shorelines, fjords, public safety and unbeatable environment at risk to enhance the interests of others.

Why, Prime Minister? Please spell out this national interest. Don’t you really mean the interests of the Liberal party in Alberta? The political survival of premier Notley? Don’t you mean really the masses of investment capital which hasn’t a soupçon of social conscience?

I would never hold this against them Mr. Trudeau but I remember so well going to first ministers conferences on the patriation of the constitution and watching Alberta oppose equalization for poor provinces, lecturing them that if they only managed their affairs as Alberta did, they would be fine. That these provinces had no resources and Alberta was sitting on all that oil didn’t seem to count. It seems as if shoes have changed feet in this country.

Rights and Wrongs

Let me ask you a niggling question: Are Property and Civil Rights not a provincial right under our Constitution?

Attitudes have changed, Mr. Trudeau, and people all over the world now believe that those things that you cheerfully donate to your corporate friends don’t belong to you or the government but to all of the people.

Yes, you have the legal right to give them all away but that’s because our political system is a couple of centuries out of date and reposes in your office dictatorial powers while you pretend to run a democracy. You know, as does anyone who thinks about it, that MPs, particularly in the governing party, have absolutely no power and are just expensive cyphers whose main job is to make sure that pension checks are mailed on time.

Let me put it perhaps more bluntly, Mr. Trudeau: We in British Columbia – and especially First Nations whose unceded territories are at stake – regard those mountains as ours, the rivers are ours, trees are ours; so are the oceans, the beaches, the coastlines, the lakes and on it goes. Your right to steal them from us and give them to oil companies only rests upon a political system that, frankly, stinks.

BC doesn’t belong to you

If that was just the position of one ageing pol living in Lions Bay, British Columbia, you would be able to rest easy. What I’m trying to make you understand, sir, is that the ever-increasing masses of people all over the world are fed to the teeth with a phoney political system that takes away from people what is theirs and gives it to greedy supporters of politicians in power.

In short, British Columbians regard all of our forests, rivers, coastlines, as having enormous value to us simply as they are – not in their exploitation but their existence. This is where we live. our home, our legacy.

Why can’t you understand that, Prime Minister?

You, the hero of the Paris conference, ask us to sacrifice our home so that the Tar Sands, the world’s biggest polluter, can spew its poisons full time again? Why are you telling us, Mr. Trudeau, that we must pledge what God gave us to the tender mercies of the fossil fuel industry? .

Sir, we aren’t fools. We’ve seen how your lot cares about BC. When we hear soothing words from industry and the federal government about how they will treat our assets with care and respect, we think of our sacred salmon, which has been at the mercy of industry and the federal government – a government flooding our waters with diseased foreign fish to this day – ever since Confederation.

You are dead wrong, sir, letting hubris overcome common sense and you’re clearly spoiling for a fight.

If that’s what you truly want, you shall have it.

Thus it is with the Liberals who, once safely back in power, turn their attention to repaying supporters, namely Ontario financiers and the oil industry, often the same people. This ancient Liberal policy never fails.

Whose interest?

This time Justin Trudeau has overstepped the mark and as Vancouver Mayor Gregor Robertson warns, if he approves the Kinder Morgan pipeline, “…you’ll see protests like you’ve never seen before …” His Worship is right. British Columbians know that the standard Ottawa patter that something is “in the interests of Canada” is ill-concealed code for “in the interests of Bay Street and whatever they’ve invested in or covet.”

The operative words are “the interests of Canada”. To Industry, they cover material interests only and no value whatever is placed on assets like mountains, rivers, lakes, forests for their own sake, wildlife, peaceful safe inlets, beautiful views, peace, quiet, tranquility, and so on. Why aren’t these things material Canadian assets too? They sure as hell are once they’re gone!

Enough is Enough

Don’t British Columbians have a real interest, say, in protecting their lakes and rivers from being industrially developed? Or Howe Sound, our gorgeous southernmost fjord? Or the Peace River? The list is endless.

Who is Justin Trudeau to say that letting industry make money on LNG tankers is more important than the safety of people and property where they sail?

British Columbians say, “enough is enough!” From here on, our values speak as loudly as those from the businessmen’s clubs of Bay Street and the nests of political party strategists.

We are inspired as never before by the bravery of the Kinder Morgan protesters. Their guts and steadfastness has inspired a province as you seem determined to discover.

The right to protect our province

By Joyce Nelson

You may have caught the Sept. 12 headline in the Globe and Mail, the Edmonton Journal, etc: “Canada needs new energy pipelines, bond rating agency says.”

A new report from DBRS, Canada’s credit ratings agency (CRA), says Kinder Morgan’s TransMountain pipeline expansion, Enbridge’s Northern Gateway pipeline, and TransCanada Corp’s Energy East pipeline are all necessary, but, as the Edmonton Journal put it, the “strong political, environmental and regulatory opposition” to these projects throws “a big question mark over Canada’s energy future,” the report says.

Ratings agency bought by private equity firms

DBRS is Canada’s (small) equivalent to the big three CRAs: Moody’s, Standard & Poors (S&P), and Fitch, which wield enormous power around the world by granting or downgrading the Triple-A ratings of companies, countries, and governments. The threat of a downgrade by a CRA can create scary media stories, especially if the target is a local government.

In December 2014, DBRS was bought up by two huge private equity firms – Carlyle Group LP and Warburg Pincus LLC. Both invest billions in energy projects around the world.

Conflict of interest

Since the 1970s the CRAs (aside from sometimes issuing unsolicited ratings) are paid for their services not by investors who want to know the safety of a bond being issued, but by the bond issuers themselves – who obviously have a stake in getting a Triple-A rating for their investment vehicle. These factors came into play during the U.S. subprime mortgage bubble, when some investment banks were paying the big three CRAs millions of dollars for Triple-A ratings on what turned out to be toxic assets.

In July 2014, I wrote a three-part series (“Debunking the Bogeyman”) on CRAs for Rabble.ca, so I knew a bit about how these CRAs operate. When I saw that DBRS had been purchased by Carlyle Group and Warburg Pincus, my first thought was: I wonder what those investment giants will do with DBRS?

Prentice delivers message for private equity firms

Fast-forward to September 12, 2016 and the new DBRS report, stating: “If pipeline infrastructure is not built, Canada’s energy sector increasingly risks the eventual loss of global market share” and “could eventually see their credit ratings change without more overseas access…”

The next day, September 13, Bloomberg reported that PM Justin Trudeau is said to be favouring Kinder Morgan’s pipeline expansion, but former Alberta premier Jim Prentice “warned Kinder Morgan’s project alone won’t be enough.”

Bloomberg quoted Prentice:

[quote]’We need pipelines, we need pipelines to the West Coast, and most advantageous for Canada of course are pipelines into the Asia-Pacific basin and Trans Mountain would certainly be helpful,’ Prentice, a Calgary-based adviser in the energy group at Warburg Pincus, said Tuesday at the Bloomberg Canadian Fixed Income Conference in New York.[/quote]

The Bloomberg quote from Prentice continued: “‘But we also need to bear in mind that Trans Mountain won’t solve the problem,’ because tankers that can navigate the region are too small to service Asia, he said.  Canada needs an energy port that can ship up to two million barrels per day to Asia, Prentice said, and Canadians should be concerned that investors are cooling to the country’s oil patch. ‘The concern that really should alarm us as Canadians is low-cost capital is exiting the Canadian basin,’ he said.”

So Warburg Pincus adviser Jim Prentice is endorsing the views of DBRS, owned by Warburg Pincus and the Carlyle Group, which have billions they want to loan to governments for investment in infrastructure. Prentice had earlier been a paid advisor for Enbridge in 2014, helping the company negotiate with First Nations opposed to Northern Gateway. 

Revolving door

Making the picture even more interesting, on September 12 the Financial Post reported that Mark Jenkins, global head of private investments at the Canadian Pension Plan Investment Board (CPPIB) is leaving to take a senior leadership role at the Carlyle Group. The CPPIB’s Mark Wiseman has already left to work for BlackRock, the biggest asset manager in the world.

As I reveal in my forthcoming book – Beyond Banksters: Resisting the New Feudalism – all these big financial players are central to the infrastructure and privatization plans being rolled out for Canada and North America in the coming months. The Justin Trudeau Liberals are planning to spend $120 billion on infrastructure (by borrowing from private sources), and are readying for their 2017 budget announcement, which will reveal Phase 2 of their big infrastructure plans.

On November 14, BlackRock (which manages trillions of investment dollars) will host a private summit for major international investors hoping to loan billions of dollars to Canadian governments for infrastructure spending. On the speakers list are Justin Trudeau, Finance Minister Bill Morneau, Infrastructure Minister Amarjeet Sohi, and other federal officials.

Will the Carlyle Group and Warburg Pincus be at that private summit? You can safely bet on it. Will the press be allowed to cover this private summit that includes our elected officials? That’s a big question. Will DBRS be playing a bigger role in the next few months? Stay tuned.     

Joyce Nelson is an award-winning freelance writer whose sixth book, Beyond Banksters: Resisting the New Feudalism, can be pre-ordered at http://watershedsentinel.ca/banksters now.