The federal Liberal government’s $4.5 billion purchase of the TransMountain pipeline expansion project is a bonanza for Kinder Morgan shareholders, but a disaster for Indigenous peoples, the environment, and communities along the pipeline route. The Communist Party of Canada calls on Parliament to reject this dangerous sellout, and instead to move away from reliance on extraction and export of raw materials, towards energy and resource policies that protect the interests of people and the environment, and respect Canada’s commitments to the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP) and the Paris Agreement.
The 38th Central Convention of our Party follows a major political upheaval in the recent federal election, and a new escalation of the global economic crisis which emerged in 2007-08. Initially, the Canadian economy was buffered to some degree by exports of fossil fuels and other natural resources, and because Canada’s megabanks were somewhat less exposed to the collapse in value of leveraged (re-packaged) debt. Now, the dramatic collapse in energy prices and the Canadian dollar are causing new job losses and rapid increases in the cost of imported products. The working class is paying a heavy cost for the turmoil of the capitalist system.