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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.