Monday, October 24, 2011

Corporate lackeys?

Shouldn't the corporations affected be the ones to fight their own battles through the WTO?
Canada's natural resources minister is criticizing the European Union over its plan to discriminate against Canadian oil derived from Alberta's oilsands. Joe Oliver released a letter Sunday to EU energy commissioner Gunther Oettinger in which he lambastes the EU's fuel quality directive — a proposal that ranks fuels based on their carbon footprint, and suggests ranking Canadian oil derived from oilsands in a separate category because it is perceived to be so dirty.
I understand that the province of Alberta and the Canadian government would stand to lose out on a small amount of potential tax revenue, but the direct interests are those of the corporations who gain huge profits off of what accounts for 75% of North America's petroleum reserves. If companies such as Suncor, Syncrude, Shell, Chevron and Marathon Oil want to be able to sell their products in Europe then they should be able to handle the legal aspects of it through the WTO rather than Canadian tax payers fronting the costs of protecting corporate profits. Canada and the EU have a trade relationship that is enforceable. The Canadian government has done its part. Now its up to the corporations who profit to step up and do theirs.

No comments: