Canadian tribe turns down $960 M package from oil co.

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Canadian tribe turns down $960 M package from oil co.

Post by Skjellyfetti »

$267,000 for each member of tribe.
An aboriginal group along Canada’s Pacific Coast turned down Petroliam Nasional Bhd.’s offer of C$319,000 ($267,000) for each member as compensation for building a natural gas export terminal on ancestral lands.
The Lax Kw’alaams Band in northern British Columbia spurned the C$1.15 billion package after the community unanimously voted against the $30 billion project in three polls. The group is concerned that the project will harm the environment. The rejection is a new obstacle to plans to export liquefied natural gas from North America to Asian markets.
The public should recognize that “this is not a money issue: this is environmental and cultural,” the group said in a statement Wednesday. Opposition to the plan was overwhelming, Garry Reece, mayor of the town of Lax Kw’alaams, said in an interview in Vancouver Tuesday, before the band leadership made a final decision.Winning the support of indigenous groups including the 3,600-member Lax Kw’alaams is critical for advancing the Pacific NorthWest LNG project and other gas export plans in Canada. A landmark Supreme Court ruling in Canada last year paved the way for aboriginal communities that don’t have treaties with the federal government, such as Lax Kw’alaams, to have greater say over resource developments on their ancestral lands.
The compensation was put up by backers of the project led by Petronas, as the Malaysian state-oil company is known, and the British Columbia government, according to a summary on the band’s website. The payment will be made over 40 years. Lax Kw’alaams is both an aboriginal band and a British Columbia town of the same name.
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Re: Canadian tribe turns down $960 M package from oil co.

Post by Chizzang »

The Chinese are going to be pissed
That was the China Petrochemical Corp planned pipeline




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Re: Canadian tribe turns down $960 M package from oil co.

Post by GannonFan »

Eh, the money was a pittance - that was to be paid out over 40 years. That means they turned down $6,675 per person per year for 40 years. I'd turn it down too.

Surely, much more money can be made if they put up a casino, no? :nod:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by AZGrizFan »

GannonFan wrote:Eh, the money was a pittance - that was to be paid out over 40 years. That means they turned down $6,675 per person per year for 40 years. I'd turn it down too.

Surely, much more money can be made if they put up a casino, no? :nod:
Shit, they'd each make $6,675 a WEEK if they opened a casino. :coffee: :coffee:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by GrizFanStuckInUtah »

GannonFan wrote:Eh, the money was a pittance - that was to be paid out over 40 years. That means they turned down $6,675 per person per year for 40 years. I'd turn it down too.

Surely, much more money can be made if they put up a casino, no? :nod:

This was the key, if it had been a one time pay out, I bet it would have passed.
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Re: Canadian tribe turns down $960 M package from oil co.

Post by Grizalltheway »

AZGrizFan wrote:
GannonFan wrote:Eh, the money was a pittance - that was to be paid out over 40 years. That means they turned down $6,675 per person per year for 40 years. I'd turn it down too.

Surely, much more money can be made if they put up a casino, no? :nod:
Shit, they'd each make $6,675 a WEEK if they opened a casino. :coffee: :coffee:
IDK, I googled the town and it makes Polson look like a bustling metropolis. :shock:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by ASUG8 »

Skjellyfetti wrote:$267,000 for each member of tribe.
An aboriginal group along Canada’s Pacific Coast turned down Petroliam Nasional Bhd.’s offer of C$319,000 ($267,000) for each member as compensation for building a natural gas export terminal on ancestral lands.
The Lax Kw’alaams Band in northern British Columbia spurned the C$1.15 billion package after the community unanimously voted against the $30 billion project in three polls. The group is concerned that the project will harm the environment. The rejection is a new obstacle to plans to export liquefied natural gas from North America to Asian markets.
The public should recognize that “this is not a money issue: this is environmental and cultural,” the group said in a statement Wednesday. Opposition to the plan was overwhelming, Garry Reece, mayor of the town of Lax Kw’alaams, said in an interview in Vancouver Tuesday, before the band leadership made a final decision.Winning the support of indigenous groups including the 3,600-member Lax Kw’alaams is critical for advancing the Pacific NorthWest LNG project and other gas export plans in Canada. A landmark Supreme Court ruling in Canada last year paved the way for aboriginal communities that don’t have treaties with the federal government, such as Lax Kw’alaams, to have greater say over resource developments on their ancestral lands.
The compensation was put up by backers of the project led by Petronas, as the Malaysian state-oil company is known, and the British Columbia government, according to a summary on the band’s website. The payment will be made over 40 years. Lax Kw’alaams is both an aboriginal band and a British Columbia town of the same name.
https://www.google.com/url?sa=t&source= ... OjVw2pGh9A" onclick="window.open(this.href);return false;

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$267,000/40 = $6,675/yr. If I got $267,000 lump sum I might make a different decision, but for this amount annually it's not worth the risk.

Edit: guess I typed too slowly. :oops:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by andy7171 »

AZGrizFan wrote:
GannonFan wrote:Eh, the money was a pittance - that was to be paid out over 40 years. That means they turned down $6,675 per person per year for 40 years. I'd turn it down too.

Surely, much more money can be made if they put up a casino, no? :nod:
Shit, they'd each make $6,675 a WEEK if they opened a casino. :coffee: :coffee:
But they'd lose $13,451 a week.
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Re: Canadian tribe turns down $960 M package from oil co.

Post by GannonFan »

GrizFanStuckInUtah wrote:
GannonFan wrote:Eh, the money was a pittance - that was to be paid out over 40 years. That means they turned down $6,675 per person per year for 40 years. I'd turn it down too.

Surely, much more money can be made if they put up a casino, no? :nod:

This was the key, if it had been a one time pay out, I bet it would have passed.
Maybe, certainly would have been a better chance. But who's going to say to build a terminal (note, not just a pipeline, that's nothing, but an actual terminal) on the land I live on, and then only give me $6k per year as compensation? Even getting the whole $267k up front isn't going to drastically alter the course of someone's life. That's like what you get when you play Powerball and match up 5 of the numbers. Those people still buy Powerball tickets the next week, and likely buy a whole lot more.

Build the casino, now that's life altering. Just ask the Mohegan Sun folks. :thumb:
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Re: Canadian tribe turns down $960 M package from oil co.

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Grizalltheway wrote:
AZGrizFan wrote:
Shit, they'd each make $6,675 a WEEK if they opened a casino. :coffee: :coffee:
IDK, I googled the town and it makes Polson look like a bustling metropolis. :shock:
If you build it, they (the white people with money) will come... :coffee:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by GannonFan »

AZGrizFan wrote:
Grizalltheway wrote:
IDK, I googled the town and it makes Polson look like a bustling metropolis. :shock:
If you build it, they (the white people with money) will come... :coffee:
Truth. For reference, Las Vegas.
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Re: Canadian tribe turns down $960 M package from oil co.

Post by SDHornet »

AZGrizFan wrote:
GannonFan wrote:Eh, the money was a pittance - that was to be paid out over 40 years. That means they turned down $6,675 per person per year for 40 years. I'd turn it down too.

Surely, much more money can be made if they put up a casino, no? :nod:
Shit, they'd each make $6,675 a WEEK if they opened a casino. :coffee: :coffee:
:nod:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by kalm »

SDHornet wrote:
AZGrizFan wrote:
Shit, they'd each make $6,675 a WEEK if they opened a casino. :coffee: :coffee:
:nod:
Some of you really need to look at a map. It's an Indian Village of less than a 1000 people on an island with the nearest town being Prince Rupert (around 20,000) a boat or plane ride away. Prince Rupert is 3 days trip by car from Vancouver.
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Re: Canadian tribe turns down $960 M package from oil co.

Post by Grizalltheway »

kalm wrote:
SDHornet wrote: :nod:
Some of you really need to look at a map. It's an Indian Village of less than a 1000 people on an island with the nearest town being Prince Rupert (around 20,000) a boat or plane ride away. Prince Rupert is 3 days trip by car from Vancouver.
Technically it's on a peninsula, but otherwise spot on. It can get so exhausting educating these rubes some times. :ugeek:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by andy7171 »

Grizalltheway wrote:
kalm wrote:
Some of you really need to look at a map. It's an Indian Village of less than a 1000 people on an island with the nearest town being Prince Rupert (around 20,000) a boat or plane ride away. Prince Rupert is 3 days trip by car from Vancouver.
Technically it's on a peninsula, but otherwise spot on. It can get so exhausting educating these rubes some times. :ugeek:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by Grizalltheway »

andy7171 wrote:
Grizalltheway wrote:
Technically it's on a peninsula, but otherwise spot on. It can get so exhausting educating these rubes some times. :ugeek:
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Re: Canadian tribe turns down $960 M package from oil co.

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kalm wrote:
SDHornet wrote: :nod:
Some of you really need to look at a map. It's an Indian Village of less than a 1000 people on an island with the nearest town being Prince Rupert (around 20,000) a boat or plane ride away. Prince Rupert is 3 days trip by car from Vancouver.
So, they need to learn from the OTHER tribes...you find a key piece of land (maybe IN Prince Rupert), claim it as some ancestral burial ground or something, then threaten a lawsuit unless it's turned over to the tribe. Said tribe then settles by giving back a small slice of useless land along the edge of it's reservation (because the tribes NEVER lose these battles :nod: ) and viola! You've got a spot for a casino and critical mass of people willing to spend their money there.
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Re: Canadian tribe turns down $960 M package from oil co.

Post by kalm »

AZGrizFan wrote:
kalm wrote:
Some of you really need to look at a map. It's an Indian Village of less than a 1000 people on an island with the nearest town being Prince Rupert (around 20,000) a boat or plane ride away. Prince Rupert is 3 days trip by car from Vancouver.
So, they need to learn from the OTHER tribes...you find a key piece of land (maybe IN Prince Rupert), claim it as some ancestral burial ground or something, then threaten a lawsuit unless it's turned over to the tribe. Said tribe then settles by giving back a small slice of useless land along the edge of it's reservation (because the tribes NEVER lose these battles :nod: ) and viola! You've got a spot for a casino and critical mass of people willing to spend their money there.
Almost every Indian casino I can think of is either located next to at least a decent sized city (Spokane) or a U.S. Interstate.

I'm guessing Prince Rupert would support a few tables and a few dozen slots and video poker. It certainly wouldn't be Vegas as mentioned earlier in the thread. :coffee:
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Re: Canadian tribe turns down $960 M package from oil co.

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kalm wrote:
AZGrizFan wrote:
So, they need to learn from the OTHER tribes...you find a key piece of land (maybe IN Prince Rupert), claim it as some ancestral burial ground or something, then threaten a lawsuit unless it's turned over to the tribe. Said tribe then settles by giving back a small slice of useless land along the edge of it's reservation (because the tribes NEVER lose these battles :nod: ) and viola! You've got a spot for a casino and critical mass of people willing to spend their money there.
Almost every Indian casino I can think of is either located next to at least a decent sized city (Spokane) or a U.S. Interstate.

I'm guessing Prince Rupert would support a few tables and a few dozen slots and video poker. It certainly wouldn't be Vegas as mentioned earlier in the thread. :coffee:
Yuma, AZ (a town of about 50,000) supports THREE casinos...and the nearest big city is over 2 1/2 hours away. I'm not saying build the Taj Mahal...
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Re: Canadian tribe turns down $960 M package from oil co.

Post by kalm »

AZGrizFan wrote:
kalm wrote:
Almost every Indian casino I can think of is either located next to at least a decent sized city (Spokane) or a U.S. Interstate.

I'm guessing Prince Rupert would support a few tables and a few dozen slots and video poker. It certainly wouldn't be Vegas as mentioned earlier in the thread. :coffee:
Yuma, AZ (a town of about 50,000) supports THREE casinos...and the nearest big city is over 2 1/2 hours away. I'm not saying build the Taj Mahal...
And I was replying to the $6000 k per day and Vegas references. Plus Yuma is on an interstate and 2 hours from a Whale's Vagina.
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Re: Canadian tribe turns down $960 M package from oil co.

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kalm wrote:
AZGrizFan wrote:
Yuma, AZ (a town of about 50,000) supports THREE casinos...and the nearest big city is over 2 1/2 hours away. I'm not saying build the Taj Mahal...
And I was replying to the $6000 k per day and Vegas references. Plus Yuma is on an interstate and 2 hours from a Whale's Vagina.
:tothehand: It's THE Whales Vagina. Get that shit right yo.
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Re: Canadian tribe turns down $960 M package from oil co.

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AZGrizFan wrote:
kalm wrote:
Some of you really need to look at a map. It's an Indian Village of less than a 1000 people on an island with the nearest town being Prince Rupert (around 20,000) a boat or plane ride away. Prince Rupert is 3 days trip by car from Vancouver.
So, they need to learn from the OTHER tribes...you find a key piece of land (maybe IN Prince Rupert), claim it as some ancestral burial ground or something, then threaten a lawsuit unless it's turned over to the tribe. Said tribe then settles by giving back a small slice of useless land along the edge of it's reservation (because the tribes NEVER lose these battles :nod: ) and viola! You've got a spot for a casino and critical mass of people willing to spend their money there.
Spot on, your only missing the part where the tribal leaders rule a large portion of their tribe as ineligible to receive casino benefits because they are not indian enough.
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Re: Canadian tribe turns down $960 M package from oil co.

Post by kalm »

SDHornet wrote:
kalm wrote:
And I was replying to the $6000 k per day and Vegas references. Plus Yuma is on an interstate and 2 hours from a Whale's Vagina.
:tothehand: It's THE Whales Vagina. Get that shit right yo.
:oops:

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Re: Canadian tribe turns down $960 M package from oil co.

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SDHornet wrote:
AZGrizFan wrote:
So, they need to learn from the OTHER tribes...you find a key piece of land (maybe IN Prince Rupert), claim it as some ancestral burial ground or something, then threaten a lawsuit unless it's turned over to the tribe. Said tribe then settles by giving back a small slice of useless land along the edge of it's reservation (because the tribes NEVER lose these battles :nod: ) and viola! You've got a spot for a casino and critical mass of people willing to spend their money there.
Spot on, your only missing the part where the tribal leaders rule a large portion of their tribe as ineligible to receive casino benefits because they are not indian enough.
Damn. I KNEW I was forgetting something. :ohno:
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Re: Canadian tribe turns down $960 M package from oil co.

Post by AZGrizFan »

kalm wrote:
AZGrizFan wrote:
Yuma, AZ (a town of about 50,000) supports THREE casinos...and the nearest big city is over 2 1/2 hours away. I'm not saying build the Taj Mahal...
And I was replying to the $6000 k per day and Vegas references. Plus Yuma is on an interstate and 2 hours from a Whale's Vagina.
It's 179 miles...2 1/2 hours--ON A GOOD DAY. And this place we're discussing is 3 hours from Vancouver. What's your point?
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