Blog

February 17, 2009

The Globe and Mail reports today that, "Abitibi is preparing a challenge to Newfoundland's move (to expropriate their assets) under the NAFTA treaty - since the company is considered to be a U.S. entity. It will soon file a notice of intent, which will begin the process, and in that document the company will detail its exact claims for the value of the assets that are being expropriated."

The article notes, "In a filing with the U.S. Securities and Exchange Commission, the company said it is still evaluating the full financial impact of the expropriation, and exactly what compensation it will ask for when it files a claim under the North American free-trade agreement. But the carrying value of the assets, which may eventually be written down, is about $300-million, the filing said."

The full article is at
http://www.theglobeandmail.com/servlet/story/LAC.20090217.RABITIBI17/TPStory/Business

February 17, 2009

On page A4 of today's Ottawa Citizen, Maude Barlow answers the question, 'What should Harper say to Obama to get the most out of this visit?'

She writes, "While he is unlikely to do so, I would want Prime Minister Harper to say that a better North America is possible and that our two countries can work together to improve the lives of people and to rescue the environment."

"We need to reject the agenda of freer trade, privatization and deregulation. With the International Monetary Fund saying the world's advanced economies are in 'depression,' the prime minister should tell the president that this crisis won't be solved by the same policies that brought us to this point."

"Mr. Harper should also take this moment to say that he agrees with Mr. Obama's call for the renegotiation of the North American Free Trade Agreement."

"This would be the perfect occasion to say that trade between our two countries can be based on different principles and doesn't need to undermine Canada's energy security, threaten our water or allow corporate rights to exceed those of the public through NAFTA's investor-state clause."

February 15, 2009

The National Post reported on January 12 that, "Among the laws earmarked for revision (by the Harper government) is the Navigable Waters Protection Act, which was enacted in 1882 to regulate the construction of dams and bridges and guard marine routes from intrusions by the logging industry."

BAIRD SAYS THE NWPA SLOWS THINGS DOWN
"The law has been revised over the years, but (Transport Minister John) Baird said its antiquated guidelines fail to distinguish between 'the tiniest creek and the bridge between New Brunswick and Prince Edward Island.' 'It's a piece of legislation brought in the 1800s with, frankly, little benefit but huge regulatory burden that can really slow things down,' he said."

HE RIDICULES THE ACT
The Canadian Press reported the same day that, "Baird criticized the Navigable Waters Act, which dates to the 1870s. The act, he said, requires government officials to 'put a canoe in a creek or large puddle' to find out whether it is navigable."

February 14, 2009

Linda Diebel writes in the Toronto Star today that, "A coalition of major Canadian organizations yesterday urged Prime Minister Stephen Harper to signal Canada's willingness to renegotiate NAFTA in talks next week with President Barack Obama."

SIGNATORIES TO THE LETTER
"Among the signatories to the letter to Harper are (Common Frontiers), the Ontario Federation of Labour, the Ontario Secondary School Teachers Federation, the Coalition of Black Trade Unionists (Ontario Chapter), OXFAM Canada, the Council of Canadians, Sierra Club of Canada and the Canadian Federation of Students."

RENEGOTIATE NAFTA
" In a letter sent in the run-up to next Thursday's first visit to Ottawa by the new president, the coalition stresses revisiting NAFTA doesn't mean scrapping it, but rather committing to a 'transparent and comprehensive renegotiation.'"

REMOVE THE ENERGY CLAUSE
"While claiming the deal damages working people in all three signatory nations (Canada, the U.S. and Mexico), it specifically calls for the elimination of the energy clause requiring Canada to continue to export non-renewable resources to the U.S., even in times of crisis."

February 14, 2009

The G7 finance ministers are meeting in Rome today. The G7 is comprised of the United States, France, Italy, Germany, Britain, Japan and Canada.

G7 OPPOSES 'PROTECTIONIST' MEASURES
Eric Reguly writes in today's Globe and Mail that, "A draft declaration circulating last night said the G7 countries will commit to avoid protectionist measures...The final declaration is to be released this afternoon in Rome, at the end of the two-day conference."

FRANCE
But despite the G7 opposition to protectionism, "President Nicolas Sarkozy last week agreed to give Renault SA and PSA Peugeot Citroën, France's two biggest auto makers, €3-billion ($4.76-billion) each in preferential loans on the condition they don't close French car plants or fire their workers. The offer came shortly after he urged Peugeot Citroën to close factories in Slovakia and the Czech Republic to spare jobs at home, infuriating the leaders of the two small, struggling countries."

ITALY
"Italy has also linked aid to certain industries to domestic job retention."

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