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Ed Clark on controversial greenhouse gas report
Mr. Clark, you will recall, was once nicknamed “Ed the Red” by oil patch executives for his role in coming up with the interventionist 1980 National Energy Program. Last week, Alberta premier Ed Stelmach referred to the program as he reacted to the study funded by TD.
“There won’t be another wealth transfer to Ottawa under my watch, I can tell you,” he said, according to the Edmonton Journal.
So, Red Ed caused all the pain that Alberta endured, and now he is the CEO of TD Canada Trust. Well that sucks.
Red Ed's talents don't end there. He is back slagging Alberta's oilsands, because he didn't destroy our province and wants to finish it off now.
As Globe and Mail reporter Shawn McCarthy has noted, it found that “Ottawa will have to lead a massive restructuring of the Canadian economy, with wealth flowing from the West to the rest of the country, if it is to meet its climate-change targets…The Conservative government’s goal of reducing greenhouse-gas emissions by 20 per cent by 2020 can be achieved, but only by limiting growth in Alberta and Saskatchewan.”
He has help. His main man Don Drummond pretends to be neutral but is anything but.
A prominent Canadian economist says Stephane Dion's "Green Shift" carbon tax plan is "a good start" that will leave the general Canadian taxpayer "better off."
"The idea itself is very sensible," Don Drummond, the chief economist at TD Bank, told CTV's Canada AM on Friday.
"There's a growing consensus to do something about emissions. We need to put a price on carbons. This proposes it."
Drummond said that "in most cases" the average Canadian will "be better off" because of income tax breaks and additional federal benefits included in the plan. He also noted that the Liberal plan also addresses a "bizarre situation" on energy taxes.
Bizarre? It is TD Canada Trust that is bizarre. They are infested with Liberals, who think nothing of slagging our Prime Minister. They are so arrogant that they think they can sponsor a report from Suzuki without us smelling a rat.
The TD Bank financed Calgary-based Pembina Institute and Vancouver's David Suzuki Foundation to produce the comprehensive report. The group contracted with respected economic consultants, M.K. Jaccard and Associates Inc., to model the impacts of climate policies; Jaccard has done similar work for the Canadian government.
TD's chief economist, Don Drummond, said the bank has not endorsed any targets, though it has supported a policy of a national emissions cap. He said the bank's interest was to shed light on an area where there has been little informed debate: the likely cost of imposing regulations.
The banks interest is in sucking up to the Liberals. Mo Strong created the IPCC and is in hiding in China because of the Food for Oil fiasco. Climate change can yield the TD bank billions of dollars, that is why they are attacking the Conservatives. You see, the Liberals can not use any of their weapons on PM Harper because he has no ducks in this hunt.
It's not just me who is upset with TD Canada Trust. Sandy has an excellent post. She is too nice to promote a boycott, but I'm not. ING offers excellent savings compared to our banks, so why not switch? Dr Roy weighs in as well.
It's simple. Don't like a bank's CEO who gets millions dictating to you? Move your funds. Granted, TD Canada Trust thinks your little deposits are chicken scratch, they are only interested in the BIG OIL guys, who they turn around and slag to make themselves more green.
Switch your money to a Credit Union or any other small bank. They care about you. We switched our mortgage out of TD Canada Trust to a Credit Union and a month later we got a call from TD Canada Trust offering us a reduction in our mortgage rate. When I pointed out that we had switched our mortgage, they hung up. So much for caring about the average client. Typical arrogant Liberals.
I want Albertans to know that the CEO of TD Canada Trust was the guy who implemented the NEP (National Energy Program) that killed Alberta. TD Canada Trust also paid for a report that wanted to decrease Alberta's revenues. TD Canada Trust is no friend of Albertans. Make sure you are not their friend either. Email them. Let them know you are sick and tired of being the east's whipping boy/girl.
TD Canada Trust doesn't think you taking your $1000 out of their bank is important. If we all take our money out and tell them about it, the arrogant Liberal bank might just wake up. It might not be the tea parties like in the US, but it might be something all Canadians can get behind.
10 comments:
I do all my business with the Royal Bank. I'm sure they aren't perfect, but I have done business with them for over 20 years and I have no complaints. I'm an economist who loves economics, but I have zero interest in working for a bank. When banks make long term economic forecasts, they are more concerned with their holdings and investments than making an accurate statement.
You can't take the forecasts of any one bank too literally. You have to look at the entire industry as a collective basket of opinions.
Here is what one Liberal thinks about Ed Clark.
Clark is/was an Ignatieff adviser so what he says should be taken with that in mind.
I think a good question for the next TD shareholders meeting would be to ask how getting the TD involved in political squabbling increases the value of TD shares?
I knew I felt a certain comfort when I dealt with the nice folks at TD Canada Trust and TD Waterhouse!
Your next post should be about how Esso and Sunoco really care about their customers and do everything in their power to keep gas prices down! Hey, you could do that AND Friday Funnies in the same post!
Once we gain our independence we can make sure TD Bank does not operate within our national boundaries.
S-TD-Q. Funny how you like TD and I can use it as an acronym for trou de. So, S-TD-Q, what is the point of your second paragraph? Just your usual ramblings that make no sense? I've been with TD since childhood and they lost my mortgage business last year. I had less than 30k remaining after 10 years and despite the record low interest rates, would not reduce their rate to a level which I liked. So, I paid it off in full. You should have seen the look on the fellow's face when I handed him a certified cheque for the full amount. Priceless.
Aardvark's link, A MUST READ!
It is NEVER to much work to follow through on a boycott.
Don't forget, they are also in the Insurance biz, Meloche Monnex....pull it all and place your business with a company that knows when to be quiet.
All Canadians should be supporting the BB&B boycott too.
The Province of AB finances billions of dollars in Canadian social programs that their residence DO NOT enjoy!
Who cares what a group of rich bankers think?
And especially a group of rich Liberal bankers....
poll says Canadians at 3:1 do NOT want tax increases:
''...While 46 per cent of respondents favoured cuts to services and spending,
14.1 per cent thought the government of Canada should raise taxes,
and 10.4 per cent thought the government should continue to run a large deficit...''
http://www.cbc.ca/canada/story/2010/02/11/ekos-deficit-poll-question.html?ref=rss
Bye bye tax and spend LibDippers!!!
Bye bye Quebec's 'buy me' vote winner.
I closed all my accounts with TD 3 months ago. What a great feeling. I wrote to tell them that their Liberal bias was obvious --i.e. they were the ONLY bank to discredit the CEO of the Bank of Canada in his positive report about Canada's recovery from the recession. They have also previously bankrolled the Liberal Party for election loans.
TD is poised (see Montreal Climate Group) to make billions from the carbon cap and trade business at the expense of the country and I am glad Ed Clark finally got caught voicing his true colours. He obviously hasn't changed his political stripe since the 90's and the NEP.
They will NEVER get my business again.
Interesting Jan, first the NEP, then funding a eco-nut report to shut the oil sands down, and then cap and trade to suck the oil companies and us dry. I wonder if he is related to Mo Strong?
This can not be forgotten. Clark put the TD in this position because he couldn't keep politics out of the management of the company. The stocks fell by over $.30 today, lets see how far they can go.
Even if you do not have an account with TD, email them, let them know they should stay out of politics. You should check your mutual funds, I bet they have TD stocks, email them as well.
Bedbugs has backed off after one day, time to focus on TD. Eco-nuts do it all the time. McGill students just voted to move their money (250,000) out of the Royal bank because they support the oilsands. Maybe it's time we all took our money out of TD and told the oil companies to do the same in support of the oilsands.
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