SoSJ News & Notices · @sosjnews
5 followers · 115 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
5 followers · 115 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
5 followers · 115 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
5 followers · 115 posts · Server fed.sbcloud.cc
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SoSJ News & Notices · @sosjnews
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SoSJ News & Notices · @sosjnews
5 followers · 110 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
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SoSJ News & Notices · @sosjnews
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Sean Boyer · @sb
293 followers · 2768 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
5 followers · 106 posts · Server fed.sbcloud.cc
Sean Boyer · @sb
286 followers · 2744 posts · Server fed.sbcloud.cc

Our local energy monopoly is complicit in rampant - claiming to be on the path of net-zero, however, their own published plans make it clear they aim to continue burning fossil fuels well into the 2040s.

seanboyer.uk/sbjournal/nb-powe

#greenwashing #canada #newbrunswick #saintjohn #climatecrisis #climatecatastrophe #cdnpoli #nbpoli #irvingoil #netzero #extinctionrebellion

Last updated 1 year ago

SoSJ News & Notices · @sosjnews
5 followers · 106 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
5 followers · 103 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
5 followers · 102 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
4 followers · 101 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
4 followers · 100 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
4 followers · 99 posts · Server fed.sbcloud.cc
SoSJ News & Notices · @sosjnews
4 followers · 99 posts · Server fed.sbcloud.cc
DoomsdaysCW · @DoomsdaysCW
1303 followers · 16938 posts · Server kolektiva.social

@penpencilbrush On the family that owns New Brunswick
By Abbie Moser / green issue / September 27, 2019

"How one family creates and curates a culture of fear throughout an entire province

"There are very few names that stir up as much debate and controversy in New Brunswick as “Irving” does. As Canada’s eighth wealthiest family, formerly the third wealthiest family in 2014, the Irvings are ranked 13th in terms of most extensive landownership globally, the largest private landowner in Maine, and the fifth largest private landowner in America—the Irving family have disproportionately impacted the historical and contemporary development of my home province. Strong opinions on the Irving family and its corporation are limited to residents of the province, and Canada’s most unknown and corrupt family has gone out of their way to ensure that it has remained this way for decades.

"With their current net worth of $7.38 billion, the Irving family had humble beginnings. The dynastic company got its start back in the 1920s when K.C. Irving started a small service station in his hometown of Bouctouche, New Brunswick. With persistence, he would eventually turn this service station into Irving Oil, a 3,000-franchise distributor across the east coast that controls more than 250 enterprises scattered across North America. None of the various companies that the Irvings own are up for public trade, allowing for no financial transparency. The Irving Oil refinery in , New Brunswick is the largest oil refinery in all of Canada. The rates in Saint John also just so happen to be 50 percent higher than in and , the province’s other major cities, and are likely linked to factors instead of smoking. Their empire spans from , , , , , and hardware stores, to owning every single in the province (no, I’m not exaggerating), and even a junior league hockey team. Together, the various companies, which are all privately owned by the family, are estimated to be worth $10 billion.

"To feed an oil refinery that produces up to 320,000 barrels a day, Irving imports 100 million barrels of oil each year, most of which comes from . The family owns more than 900 gas stations, railway lines, shipping companies, and paper & pulp mills. Supplying 60% of the gasoline in Boston, the Irvings are responsible for nearly one-fifth of American gasoline imports. They employ roughly one in every eight New Brunswickers and account for more than half of the province’s exports.

"K.C. believed heavily in vertical integration and instilled the values of loyalty, hard work, and attention to detail into his empire. He was one of the first Canadians to utilize offshore , placing his companies in a trust in Bermuda. This move to Bermuda would eventually prompt a Canada Revenue Agency investigation that would reveal that the Irvings’ move allowed them to lower their tax bill by $142 million. Now, roughly a dozen Irving companies are based in Bermuda. Escaping taxes is something that the Irvings are professionals at now. Oil refineries in Alberta that produce the same daily quantity as the one that the Irvings own would pay roughly between $15-16 million a year in taxes while the Irving’s refinery gets away with paying only $5 million.

"The Irvings continue to exploit the province, the natural resources of which have allowed for their wealth and power to flourish, without giving as much as a dime back to the province, allowing for our provincial infrastructure and education systems to suffer. New Brunswick is the second poorest province in Canada—our median income is the lowest amongst the provinces, we have the highest unemployment rates, our provincial government is facing a $453 million deficit, and is paying $685 million a year towards debt-servicing costs. This family doesn’t stop at exploiting the environment; they continue to exploit New Brunswickers, without whom their fortune would not exist. In 2013, it was revealed that Moncton taxpayers paid $88,000 per year to the Moncton Wildcats hockey team to compensate for the loss of income in their corporate seats. Robert Irving owns this hockey team, and the citizens of Moncton were never told that their tax dollars would be distributed to the team. City council made this decision under the condition that another Irving business would establish operations in the city."

Read more:
thestrand.ca/on-the-family-tha

#saintjohn #lungcancer #fredericton #Moncton #environmental #energy #forestry #trucking #construction #ShipYards #newspaper #saudiarabia #taxhavens #pollution #oilrefinery #oligarchy #oiligarchy #toxic

Last updated 1 year ago