Lack Of Action By Trudeau Government On Energy Industry Crisis “Borderline Treasonous” Says Portfolio Manager

“It’s mystifying to me why there still doesn’t seem to be action taken,” says Toronto-based portfolio manager Eric Nuttall.

The warnings over the disastrous situation facing the Canadian energy industry continue to escalate.

In a report by the Financial Post, Geoffrey Morgan brought attention to what investors and industry leaders are saying about the crisis.

For example, U.K. fund manager Susan Johns said in a letter to Trudeau, “Moving forward, I hope your government will start to recognize the numerous issues that are affecting Canada’s energy sector, and do everything in its power to support an industry which has benefited Canadian prosperity for a long period of time.” 

She added that it’s “hard for me to watch such a vibrant industry being strangled by regulation, carbon taxes and the inability of producers to get their product to world markets.” 

The CEO of Cenovus Energy pointed out that Canada has a serious competitiveness problem, especially with the U.S. making the regulatory process smoother for their energy industry.

And Toronto portfolio manager Eric Nuttall unleashed on the lack of action:

“It’s mystifying to me why there still doesn’t seem to be action taken. It’s borderline treasonous.”

Nuttall is absolutely right.

If it was any other industry, the Trudeau government would be doing everything to alleviate the crisis. But when the energy industry is in trouble, not only is Trudeau refusing to take simple actions that would improve the situation (de-regulation, approving more pipelines), he’s actively working against the industry.

You can read all of the FP article here.

Spencer Fernando

Photo – YouTube

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Mike Allanshawn harrisGonzo the MagnificentKen (Kulak)Ed PEEBLES Recent comment authors
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Don Taylor
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Don Taylor

Trudeau should be charged with Treason against the Canadian People,he is definitely the most hated PM in Canadian history

Gonzo the Magnificent
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Gonzo the Magnificent

Hated by you and me and other like minded souls but that’s not what the polls are saying – at least at this point.

NancyW
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NancyW

With no real Canadian for Canada government, just the unethical U.N. run lieberal/ndp socialist takeover, I would think this is also, treason to Canadians, but it is just another law being ignored. The next election is very important if we want to keep Canada functioning as our country.

Norbert Kausen
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Norbert Kausen

Trudeau’s nefarious plan is to destroy Canada and sell it lock, stock and barrel to China and the global elite, to make Canada the ‘first post-national territory in the world’, in Trudeau’s own words! Everything he has inflicted on Canada is treason!!!

Ralph Knapp
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Ralph Knapp

We have a failed drama teacher with an ego, but, with a double digit IQ, running our country.

Ed PEEBLES
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Ed PEEBLES

He is and always will be a Mental Midget, Thank God he’s not as sharp as his Old Man was !

Dave
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Dave

“Borderline Treasonous” Destroying your own country, either economically or physically, IS treason.

Ron Voss
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Ron Voss

Only one problem with comment “borderline treasonous”, no need for adjective “borderline”.

alan skelhorne
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we all have to remember what trudeau said from the beginning, in his own words, i have a majority, i will do what i want, and when i want. and, there is no one that can stop me, i do believe its the only time he has told the truth. does anyone know who can stop him.

Wes
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Wes

It is treason what Trudeau is doing to Canada.
To bad Canada doesn’t have any Cops with balls .

Jerry R.
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Jerry R.

How can Canadians expect Trudeau to do anything , when he is never in Parliament? And, do you really think he knows what is happening in the real world? And, when confronted with the Saudi affair, if he was such a staunch liberal, would he have not cancelled the military contract pronto?
Do some thinking, what part of the population voted this loser in?

Mike Allan
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Mike Allan

I believe 39% of the voting public. I fully agree as who can stop the UN globalist.We can’t get a non confidence vote or a referendum to end this pure socialist hurt. I know one thing much more damage will be done unless as a country we all pull in the same direction.Seems very strange that some pot law can achieve unlimited doom.

Ken (Kulak)
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Ken (Kulak)

Treason is right.

shawn harris
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shawn harris

Trudeau before the last election campaign, made it very clear that he was against the oil industry with his position of delegitimizing the oil industry and calling for tougher restrictions on the oil industry. And after winning power, he continued to telegraph his threats to the oil industry and Canadians, by revoking approvals, shutting down the Energy East Pipeline with never before outrageous and impossible to meet standards and finally by turning the National energy board into a tool with which to beat the oil industry into becoming another federal ministry. He did all of this by fooling the public… Read more »