Read this editorial by Terry Glavin in the National Post on the risks posed to Canadian sovereignty, security and control over our resources inherent in our budding new relationship with Beijing and its companies like Sinopec. (Feb 13, 2012)
This brings us to the Beijing money behind the proposed $6.5 billion Enbridge pipeline from Alberta’s oilsands to awaiting supertankers at Kitimat. That money brings us to Sinopec, also known as the China Petroleum & Chemical Corporation, and if there are suspicions Ottawa would like to clear up a good place to start would be to let everybody in on where all of Enbridge’s up-front pipeline cash is coming from. We’re not allowed to know. Seriously. Try asking Enbridge some time.
Another thing that has never been clearly explained is why Ottawa thinks Sinopec is suddenly Canada’s lifeline to economic prosperity in China. I can’t find anyone who knows anything about the oilsands who thinks so. Inconveniently, Sinopec is also the Khomenist regime’s lifeline to a nuclear bomb. I can’t find anyone in the oil industry or anywhere else who doesn’t think so.
Sinopec is the biggest buyer of Iranian oil, directly and through its subsidiary Unipec, and also via its main Iranian oil buyer, Zhuhai Zhenrong. Only last month the State Department busted Zhuhai Zhenrong under the 2010 Comprehensive Iran Sanctions law. Zhuhai Zhenrong immediately went looking for greener pastures. One of the first places it started looking was Alberta’s oilpatch. Howdy, neighbour.