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Monthly Archives: June 2021

What do we REALLY KNOW about Covid Vaccines… and other Treatments?

28 Monday Jun 2021

Posted by JamiG4 in Coronavirus, Human Extinction

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Bret Weinstein, Dr. Robert Malone, Steve Kirsch


Note: Partway through blogging about this video, it was pulled from YouTube… so I got what I could… This one is currently still up (on the Informed consent and reproductive toxicity of vaccines); a portion of their 3-hour talk, now pulled (additional pieces linked below). I’ve also considered titling this blog: The Science Behind Vaccine Hesitancy.


Three guys discussing the COVID-19 situation – a long discussion, so it was good to listen to their thorough consideration. Who are these guys? Two were vaccinated with Moderna and one on Prophylactic Ivermectin – simulating a ‘composite herd immunity’. Dr. Robert Malone is the inventor of mRNA Vaccine technology. Mr. Steve Kirsch is a serial entrepreneur who has been researching adverse reactions to COVID vaccines. Dr. Bret Weinstein is an evolutionary biologist (the Ivermectin user).

One could argue, that if everybody just took Ivermectin for a month, worldwide, we would end the pandemic.”

~Steve Kirsch “How to save the world, in three easy steps” @4:45 minutes

I got turned on to these guys by my buddy James Kunsler as a part of his recent blog:

Big Lie No. 1 is actually a whole bundle of lies surrounding the Covid-19 pandemic. The chief national health official, Dr. Anthony Fauci (a.k.a. “The Science”) can’t get his story straight about whether or not he funneled US taxpayer money to a lab associated with China’s People’s Liberation Army, to engineer a virus that was turned loose on the rest of the world. An email train of evidence shows that he did.

That was bad enough. Then Dr. Fauci (and most of the nation’s medical bureaucracy) worked hard to suppress cheap and effective treatments that defeated the virus and cured patients if used in the early stages of infection, namely, Ivermectin, Hydroxychloroquine, Vitamin D, and Fluoxetine. (Fluoxetine, or Prozac, used “off-label,” modulates brain inflammation.) The suppression actively continues to this day. Dr. Fauci & Company promoted the use of a PCR viral testing system run at excessive cycle thresholds that flooded the medical system with false positive tests. The test’s inventor, (Nobel Prize winner) the late Dr. Kary Mullis,said the test was never meant to be used as a diagnostic tool.

Dr. Fauci and the medical bureaucracy are promoting an experimental “gene therapy” as “vaccines,” or so says the man who invented the mRNA vaccine procedure, Dr. Robert Malone — and you can hear him say that in this three-hour-plus roundtable discussion on Bret Weinstein’s Dark Horse YouTube podcast (if it hasn’t been taken down by the time you read this, because to-date YouTube suppresses all mention of Ivermectin, etc.). You will learn in this detailed discussion that the three vaccines being used have produced more deaths and “adverse events” in aggregate than all the other vaccines medicine has developed over the past thirty years. Let that sink in. You will also hear Dr. Malone describe the spike protein, which is the chief mechanism activated by the vaccines, as a “toxic” agent.

This cannot be good news for the millions who gave their consent to be vaccinated. We have no idea what the long-term effects will be, but it’s apparently the case that the toxic spike protein does not behave the way it was supposed to. That is, it does not remain in the intramuscular vaccination site, but rather migrates all through the body, with a special affinity for causing cardiovascular mischief, neuromuscular disorders, and damage to reproductive organs. Stand by on how all this works out. And beware of fresh attempts by your government to coerce you into a vaccination, or a series of them.

This is a fast-developing story, obviously with many sub-plots, but the net effect for “Joe Biden” will be to badly erode whatever shreds of legitimacy still hang on him. News about vaccine deaths and “adverse events” has also been suppressed, but that effort appears to be falling apart now, even as the government ratchets-up pressure to jab the substantial number of the “vaccine hesitant.” (Count me as “vaccine fuggeddabowdit” on this one.)” 

The Three-Way Squeeze by James Kunsler 6/15/21

So what are the main pieces of info that struck me that struck me from the discussion at Dark Horse?

Steve Kirsh’s carpet cleaner got the Phizer vaccine and had a heart attack 2 minutes later. His wife also had hand trembling after being vaccinated. This triggered him onto questions on the safety of the vaccines. The guys then had a discussion of how the mRNA isn’t staying in the shoulder muscle, instead moving throughout the body after being injected. Though the FDA knew about the biodistribution, they determined the spike wasn’t biologically active. We know now, that spike is very dangerous.

The literature noted that, if the mRNA didn’t stay in the place where it is injected, the scientists knew it would be problematic, though they believed they have engineered it to “stay stuck”. Normally, before we would release this for human use, we would do animal studies but this was not fully understood before human vaccinations began with these emergency use products. Kirsch believes, “that’s the smoking gun.”

The group discussed the details of how this works in the body. The problem is NOT with mRNA vaccines but the issue is that, with the spike protein, the action of the body with this vaccine and the spike protein allows it to interact with the many places in the body. They claim that 200K vaccine users have died. And the issues is that voices on that have been censored while the “safe and effective” message has been promoted very widely.

Mr. Kirsch explained next about a woman with a miscarriage which was something never seen before. The baby was bloody, the brain was split in half – from a woman vaccinated at 25 weeks pregnant who’d been vaccinated a month earlier. The doctor assumed it was NOT the vaccine – because “it’s safe” – so the issue is reported as a genetic defect and not added to VAERS (Vaccine Adverse Event Reporting System]. Dr. Malone calls this the Groupthink problem; relies on assuming something not necessarily true. They go on to discuss how we get to a place where we understand the real data.

Bret Weinstein astonished by the large number of stories he’s heard from the vaccinated – which could be sampling error and is surely anecdotal. How do we confirm? Older people seem to have less issues – again in his small sampling.

Dr. Malone, a regulatory professional who talked with folks at the FDA, reports that adverse events were occurring and were atypical for a vaccine trial. This gets to the core – a problem is seeing Coronavirus as “every other vaccine we’ve seen”.

[I’d ask, if we are assuming it is a natural evolution, and not lab made with splicing, then perhaps we missed very critical things in the trial development? I mean, how DO they explain that strange polybasic furin cleavage site in the SARS-CoV-2 sequence???]

Dr. Malone was alarmed by the very unusual findings he read. Noted first the absence of reproductive toxicology package, normally in the genotoxicity – toxicity to the genes of the test system (in this case, the Aims test largely) – level one of genotoxicity analysis in vaccine development. Peter Marks, director of SEVER(?) says that new data is now available from Phizer in last couple weeks and is currently in evaluation. Mr. Hirsch noted that the study was on rodents who lack the same ACE2 receptor reaction as humans. Dr. Malone says we can all agree “corners were cut… in an emergency situation”. Hirsch says, “They took a risk and they lost, basically.” Though they would have done the same things… this is Monday morning quarterbacking, for sure. However, the FDA cartoon indicated that there were no corners cut…

Bret says this is not even a large-scale human experiment as an experiment would require that we’re doing systematic collection of data for analysis on all of the recipients, which we are not. Hardly any tracking is happening and much of the data is being lost or not reported. Hirsch argued that “nobody knows about VAERS, they’re told to report to V-SAFE.” Doctors are told to not report to VAERS, reports from doctors have been reversed without their consent…

The hypothesis of “there is a problem with these vaccines” is supported by the flatline data over years in VAERS now suddenly showing a spike in reporting.

Well… Youtube removed the video… so… there’s that. Guess they saved me from three whole hours… so let’s jump to the new video… below. First a couple other links


Medical journals, such as JAMA, Lancet, Nature and Chest are supported by pharmaceutical ads. They all rejected the largest, 600-patient prospective RCT from Egypt showing hospital rates with Ivermectin of 1 percent vs. 22 percent standard of care and mortality rates of 2 percent vs. 20 percent, respectively. These types of rejections are common.

Most of the world governments and institutions are acting like they have earned our trust. They have likely lost it. Patients want free flow of information with accountability.

Powers that be suppress the truth about COVID-19 by Richard Eggleston 6/13/21

Based on what I now know about the miniscule vaccine benefits (approximately a .3% reduction in absolute risk), side effects (including death), current COVID rates, and the success rate of early treatment protocols, the answer I would give today to anyone asking me for advice as to whether to take any of the current vaccines would be, “Just say NO.”

The current vaccines are particularly contraindicated if you have already been infected with COVID or are under age 20. For these people, I would say “NO! NO! NO!”

Should you get vaccinated? by Steve Hirsch 5/25/21
Should you get vaccinated? by Steve Hirsch 5/25/21

Still up… the larger one was pulled.

Two kinds of harm are possible from the vaccines: Short Term and Long Term: Possibility for driving escape mutants, possibly responsive to the vaccine, and then risk of ADE (no signal for this thus far!).

Coagulation problems associated with the adnovector. Plausible there are complications from the spike protein of Covid-19. There is no more obvious more plausible hypothesis.

Novel lipids in humans, with little experience of them in animals, is a concern. There is currently a review of a new data package from Phizer in process. Peter Marks at the FDA is recognized as an authority. The data provided by Canadians, we see concentration in ovarian tissue of a novel lipid reagent, unfamiliar to us at this point.

The FDA response to thalidimide has guided their modern-day legislative structure with a concentration on reproduction and consequences for birth defects. Hopeful that Phizer’s new data includes reprotox and genotox-data (though done on rats) and though reproductive risks don’t often become clear in early studies.

However, there have been examples in the past of unanticipated female reproductive responses not revealed by animal testing. Going to the bioethics, we need full and open disclosure of all the data. The burden is on the government, not to tell us what to do, but to convince us with data on what we ought to be doing. Reproductive implications at present require transparency and reports such as dysmenorrhea, often not shared by those who suffer, must be encouraged when they occur.

Giving children ice cream to get vaccinated is wrong. Ethical lines have been crossed throughout history… internment camps in the U.S. during WWII… and judgment calls are made to compromise core ethical principles when people are “at war”… which we, in hindsight, often lead to calling “mistakes”.

Steve Hirsch notes that knowing what he knows now, he would NOT have vaccinated his three young daughters and would have encouraged them to not be vaccinated. [9:10] Experimenting on our children is frustrating him. [Understatement…]

He attempted to get information to Biden to no avail, instead was gaslighted with non sequiturs. There was no willingness to debate the data, only dismissal. So many are standing on the “academics” calling vaccines “safe”. Instead of reviewing the data, the reliance is on those promoting vaccination. Instead, those speaking against all the “experts” are called wrong. [Reminds of the Enbridge Line 3 narrative in Minnesota…]

The spike protein is not a harmless antigen.

The NIH is basically sandbagging effective treatments, that the CDC is going along for the ride, that the FDA is fooled, and that people in Congress think Tony Fauci – whose been called out as the creator of the coronavirus and caused this whole thing… and then screwed up – yet they haven’t even analyzed any of the cases.”

14:30 Steve Hirsch on Informed consent and reproductive toxicity of vaccines

Dr. Malone notes we’ve been thru multiple cycles of this… as with gastric ulcers where this kind of attack was prevalent also against truth tellers. The guts to continue to speak up, in spite of opposition, is important.

Here are a few other links from their longer talk that remain up:

Spike protein is very dangerous, it’s cytotoxic (Robert Malone, Steve Kirsch, Bret Weinstein) From early in their discussion…

“Don’t come back until your lips are blue” (Robert Malone, Steve Kirsch, Bret Weinstein) On people being turned away until their blood oxygen is low enough to be dangerous… and given no treatment whatsoever, though some are available. 5:00 Dr. Malone notes in the U.S. primary care docs have sought solutions, resorted to off-label Rx, after reading the pre-prints, and FOUND GOOD SUCCESS in INNOVATION. Innovation is coming from front-line docs, revealing the fundamentals of what makes this country great, which is often not large-centrally controlled enterprises but individual solutions.

Pfizer data REVEAL – Where do the lipid nanoparticles collect? (Robert Malone, Steve Kirsch, Bret W) It looks like mainly… the ovaries! {Though the CDC says it’s safe for pregnant women, it may not be safe for woman at all???) Bone marrow signals… reactivation of latent human retrovirus (like shingles)… and other data appear to show concerns. While data have been available to the regulators, the messaging has not made it clear to the public. Bret also concerned about auto-immune disease development, which Dr. Malone agrees is something that must be monitored for, in those who receive the vaccines. Animal models give us signals on what to investigate for human impacts.

So… alarming short term concerns with where the spike proteins and lipids are being found, the high uptick in harms in the system (which appear to be conservative), and long-term harms that might develop. Cannot un-vaccinate yourself… says Steve.

Dark Horse Podcast – Pfizer data REVEAL – Where do the lipid nanoparticles collect?

Bret notes that Ivermectin is a good solution, yet the stigma against it continues, the censorship continues. And Flovoxamine, which may help with long-haul COVID as it can pass the blood/brain barrier, is similarly targeted.

All being driven by the financial interests of private corporations… who want to try experimental work… and thus avoiding the costs of TRUE studies on their drugs.

Safe range doses of Ivermectin, with a well-known safety profile, are being stymied by those who say Ivermectin needs to be PROVEN… (it has been). As there is no profit in doing this work (the drug is now 0.03 cents per dose!), trials haven’t happened.

Did you also hear that Merck (2/4/21) made claims against their OWN DRUG, Ivermectin? How crazy is that??? Well, what they didn’t tell you is they are working on a brand “new” (aka EXPENSIVE) drug that will work against SARS-CoV-2!! [Wondering if they just added some weird thing to their already proven formula… simply to be able to create a new stream of big dollars. And what the side effects of that might be…]

So… Good Luck, Everybody! And Keep Researching and Investigating… cause we’re all on our own now!!

Here’s Kuntsler’s latest blog… which brings up the point I’ve asked from the beginning… do vaccines have a possibility of making MORE variants… James blogs:

The leading government policy just now is to hector, browbeat, and coerce Americans to get vaxed-up with vaccines that appear to be pretty hazardous. The Moderna, AstraZeneca, and Johnson & Johnson vaccines so far (which is not very far) have produced more deaths and adverse events than all the other vaccines for all other diseases developed in the past thirty years, and we have no idea what the long-term effects will be of a spike protein that likes to damage blood vessels, brains, and reproductive organs. That’s another thing the news and social media don’t want the public to inform themselves about, not to mention the scientifically-based opinion that vaccinating a populace in the middle of an epidemic is pretty certain to provoke the evolution of new and more dangerous variants of the disease agent.”

Free at Last – James Kuntsler 6/18/21 (my emphasis)

Meanwhile, Bret wrestles with why vaccines are being pushed for everyone. Me too, Bret. Me too.

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MN Court of Appeals as Bedazzled as the PUC?

21 Monday Jun 2021

Posted by JamiG4 in Citizenship, Insanity, Local Reporting, Politics, Preventing Line 3

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Enbridge, Judge Reyes, Line 3, MN PUC, Regulatory Capture


Though Enbridge TESTIFIED in 2017 to being able to SAFELY run their current Line 3 – EVEN IF their new pipeline “replacement” project was NOT approved, the PUC used that basis – that their current Line 3 was UNSAFE – for their Line 3 approval order.

Now even Judges Jesson and Kirk appear similarly seduced. All were seemingly so bedazzled by the Enbridge narrative that they agreed it was “REASONABLE” that the MN Public Utilities Commission would agree to allow Enbridge’s new pipeline request… based on their current UNSAFE Line 3!!

It is surely an argument only a cat chasing its tail would comprehend!

One lone soul on the Minnesota Court of Appeals – celebrated Judge Peter Reyes – retained his wits and clearly demonstrated in both words and a simple chart how ARBITRARY AND CAPRICIOUS the PUC had been in their decision.

It’s right in front of our noses and yet there has been no explanation by the PUC on how they made this LEAP to approve Line 3 while getting NONE of the data they’d gotten for their previously submitted Enbridge projects in 2008 and 2012.

How is that reasonable? How is it based on evidence?
And how does it possibly adhere to the law?
As Reyes notes, It Does Not. While the MN Department of Commerce approved previous projects, this one it did not. And rightfully so as is easily seen here:

Chart could be a depiction of “Regulatory Capture” in the dictionary?

Judge Reyes uses the term “arbitrary and capricious” multiple times throughout his dissent. This is a touchy legal term so it feels almost like he’s really rubbing in the point that this is so CLEARLY a violation of the law… or perhaps he’s expressing how amazed he is to be standing alone in his Dissent opinion? It’s clearly stated here.

In sum, Enbridge knows how to provide demand forecast data in a certificate-of need application, yet conspicuously chose not to do so here. The PUC knows how to evaluate demand forecast data and has in the past, but did not to do so here. The inescapable conclusion is that the PUC acted arbitrarily or capriciously by granting the certificate of need unsupported by substantial evidence. Because we afford an agency no deference if its findings are arbitrary and capricious or unsupported by substantial evidence, I would reverse the PUC’s order granting Enbridge a certificate of need.

Judge Reyes’ Dissent on MN Court of Appeals case challenging PUC approval of Enbridge’s Line 3 Replacement project

When the picture is this easy to see, why is it Enbridge seems to be able to continue their progress?

When all roads point to corrupt collusion on many fronts within the State government, it’s hard to see any other reason. Healing Minnesota Stories also wrote on the obvious failings at the PUC… Revisiting the PUC’s tortured logic to approve Line 3 regardless of treaty rights violations.

Want to know more about this brilliant and brave Justice?

Among his recognitions, Minnesota Lawyer named Judge Reyes as one of the “Top Ten Minnesota Attorneys of the Year” in 2001, one of the “Attorneys of the Year” in 2012, 2016, and 2017, and as a recipient of the inaugural “Diversity & Inclusion Award” in 2017. In 2012 and 2013, Poder Magazine named him as one of the 100 Most Influential Hispanics in America.

Judge Reyes received the Ohtli Award in 2016, the highest award given out by the Mexican government to a non-Mexican citizen. He received the “HNBA Latino Judge of the Year Award” in 2018. And in 2019, Judge Reyes received the “MHBA Courage in Leadership Award” and the ABA 2019 “Spirit of Excellence Award.”

Judge Peter M. Reyes, Jr.

Thank goodness for the brave ones. Judge Reyes, you have my heart.

Appointed to the Court of Appeals by Governor Mark Dayton, April 7, 2014. Elected in 2016. Current term expires January 2023.
William Mitchell College of Law, Juris Doctor, cum laude (1997)
University of St. Thomas, Bachelor of Arts, Major: Chemistry, Minor: Biology

MN Judicial Branch Bio

You and PUC Commissioner Schuerger seem in need of more brave ones in the Minnesota government to join you. I hope they do. Perhaps whistle-blowers in State agencies were awaiting the logic of your reasoning? Will we see the Department of Commerce again pursue the case. It seems unlikely in the horrific Walz administration which he continues to fill with corporation-friendly and environmentally ignorant appointments.

Meanwhile, the PUC is now screwing over landowners as well as Tribes in Minnesota? Sounds like Enbridge used the same $10/foot figure to fuck over Canadians too! Yet the PUC doesn’t agree landowners are getting hosed…
Basically, Enbridge is giving landowners a pittance (1% of the cost of removal) if they agree to keep the old pipeline in place…but doesn’t sound like many of them understood the bargaining power they had with Enbridge.
A story with a long history here in MN… Enbridge selling lies. And getting away with it.
Makes one wonder if Enbridge is the only one making out in these deals…
I mean, what’s in it for the PUC to continue fucking us all over like this?

And still, many are calling for support along the Enbridge Corridor. Indigenous leaders continue to ask for a stop to this project which violates Treaty Rights and ignores the voices of Sovereign Nations, whose territories are affected by this unnecessary pipeline.

Dawn Goodwin’s voice was soft but forceful as she spoke into the camera: “I’m calling on you, Joe Biden, to uphold our treaties, because they are the supreme law of the land.”

‘We will not stop’: pipeline opponents ready for America’s biggest environmental fight Guardian

As drought ravages Northern Minnesota, we wait for rain, and a return to sensible judgement in our state government.

Special thanks to RISE Coalition, White Earth Reservation, Indigenous Environmental Network, seekjoy, Healing MN Stories, and the many others helping to spread the truth about this unnecessary Tar Sands pipeline… as the oil industry dies.

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A Message from RISE Coalition

14 Monday Jun 2021

Posted by JamiG4 in Preventing Line 3

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Clearwater County, Dawn Goodwin, Enbridge, Gaagigeyaashiik, Line 3, Mississippi River Valley, RISE Coalition


Prayer is a Freedom Guaranteed by the First Amendment. Today’s blog is dedicated to Camp Firelight and their ongoing ceremony to protect all the life in this place from the dangers of Enbridge’s Relocation and Expansion Tar Sands Pipeline Project.


Today at Firelight camp where we are peacefully asserting our treaty rights by occupying space and holding ceremony, we received this eviction notice from Enbridge.

RISE Coalition rejects Enbridge’s empty trespass claims, stands on treaty rights. For the past week, Anishinaabe band members have exercised their treaty rights and peacefully occupied a site on the Mississippi headwaters where Enbridge plans to drill its Line 3 pipeline under the river. They have been joined by many non-Indigenous allies who are invited guests.

Today, Enbridge issued a letter alleging that a ”certain group of people” is trespassing on its pipeline easement and demanded that we depart the premises.

We respectfully decline.

We are not a “certain group of people,” but members of various bands of Anishinaabe people with constitutionally guaranteed rights to hunt, fish and gather on lands that we ceded to the United States government.

Throughout the multi-year Enbridge Line 3 review process, Enbridge and the state of Minnesota have remained willfully ignorant of our rights established under the treaties of 1837, 1854 and 1855. Our treaty rights are the supreme law of the land, according to Article VI of the U.S. Constitution. These take precedent over any state-approved easement or trespass laws.

We dispute many of the assertions in Enbridge’s June 12 letter.

Enbridge continues to call this a “replacement project.” It is not. It is a new and larger pipeline along a new route. That’s not a replacement.

Enbridge’s letter states that “trespassers claimed to be present on the site to conduct religious ceremonies.” It was not a claim but a fact. The ceremony is ongoing. Our people continue to fast and pray for the protection of the water and the land.

Enbridge’s letter said we have “caused significant damage to property and equipment.” This is not true. There was nothing here when we arrived other than a wood plank road that was already carved up by the coming and going of heaving equipment. There was no equipment here to damage.

Enbridge’s letter states that we are “endangering the health and safety of construction workers and the trespassers themselves.” Speaking for ourselves, we do not feel endangered. Nor have we seen any Enbridge workers since we arrived who might be endangered. This is corporate hype to create fear; our presence is peaceful nor are we trespassing.

Truth is, it’s Enbridge and its workers who have endangered the health and safety of our Indigenous peoples. Enbridge began Line 3 construction while the pandemic was still out of control. Indigenous peoples have suffered disproportionately from COVID, yet the state and Enbridge showed little concern.

Further, Indigenous people have repeatedly raised concern about an increase in sex and drug trafficking due to the influx of out-of-state Line 3 construction workers. Enbridge wrote a weak Human Trafficking Prevention Plan and the state rubber stamped it. The state imposed no reporting requirement on sex trafficking arrests, let alone imposed any sanctions on Enbridge for violations. This was callous and irresponsible.

Enbridge’s letter states it has made “multiple overtures” to the trespassers. We are confused by this statement. The June 12 letter was the first communication we received.

Enbridge refers to us as “criminals.” Enbridge is the criminal. It’s been cited multiple times for safety violations. It’s responsible for the 2010 crude oil spill in Michigan’s Kalamazoo River that took several years and $1.2 billion to clean up.

In the most recent outrage, Enbridge is seeking to mess with more of our clean water. It originally asked the state for a permit allowing it to dewater 510 million gallons of water for construction. On Friday, it amended its request to 5 billion gallons of water, or ten times the original amount. And this during a state drought.

Enbridge and the state of Minnesota have repeatedly failed to respect our treaty rights, our lands, and our water.

We wait with great anticipation to hear the decision on a major lawsuit before the Minnesota Court of Appeals challenging Line 3 permits. We will have more to say tomorrow.

RISE, Resilient Indigenous Sisters Engaging, includes women Leech Lake, Fond du Lac and White Earth, who came together to Stop Line 3.

Gaagigeyaashiik Dawn Goodwin, speaking for Firelight Camp and RISE Coalition June 13, 2021
Credit: Seekjoy video linked below 6-13-21
Seekjoy video of the above response from Gaagigeyaashiik Dawn Goodwin 6/13/21

In Clearwater County, Sheriff Darin Halverson has been working to keep the law in the Mississippi River Valley and that means he will be enforcing the Constitution. I am hopeful that today, that peace will continue.

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Time’s Up for Tar Sands

07 Monday Jun 2021

Posted by JamiG4 in Climate Change, Economics, Preventing Line 3

≈ 2 Comments

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Big Oil Dying, Canadian Oil and Gas, Capital Expenditures, Enbridge, fossil fuel industry, Line 3


Today I provide some insights giving more evidence of Enbridge’s unnecessary Line 3 Tar Sands pipeline. At this point, I’m wondering if perhaps even Enbridge execs themselves might appreciate a verdict from the Minnesota Court of Appeal Judges to halt construction.  I mean: Quit while you’re behind, boys!!

To begin, Enbridge can’t keep paying 327% of profits to their shareholders in this losing game.

If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. Last year, Enbridge paid out 327% of its profit to shareholders in the form of dividends. This is not sustainable behaviour and requires a closer look on behalf of the purchaser. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Enbridge paid out more free cash flow than it generated – 172%, to be precise – last year, which we think is concerningly high. We’re curious about why the company paid out more cash than it generated last year, since this can be one of the early signs that a dividend may be unsustainable.

Cash is slightly more important than profit from a dividend perspective, but given Enbridge’s payouts were not well covered by either earnings or cash flow, we would be concerned about the sustainability of this dividend.”

We Wouldn’t Be Too Quick To Buy Enbridge Inc. (TSE:ENB) Before It Goes Ex-Dividend by Simply Wall Street 2/6/21

It looks like Enbridge is getting ready to fuck over not just Minnesota, but likely their shareholders too? Maybe that’s why they’re suing Minnesota for back taxes?  To help pay those shareholder dividends?

Looking at the industry, Canadian oil and gas extraction is circling the drain.

Canadian Oil and Gas CapEx 2014-2021

Capital expenditures (capex) for the Canadian oil and gas extraction industry have dropped a massive 73% since 2014. While this data includes tar sands as well as other conventional and offshore expenses, by far the largest sector in this industry is the tar sands. This indicates no need for a new tar sands pipeline. 

As these expenditures include not just those for new projects but also ongoing maintenance costs, the substantial decrease indicates a likelihood of little to no capital spent on new Tar Sands projects in 2020. #NoNeed4Line3 

As the global oil industry declines, some speculate new project capex will fall and cash available for maintenance may also fall, but not necessarily equally, as uneconomic and marginally economic companies would likely be those most likely to cut corners. [This dynamic may in part explain the Superior refinery explosion and its delayed reconstruction?]

So why is Enbridge pushing Line 3 and a new tunnel project for Line 5?

Some of the more humorous responses to this question include recognition of Enbridge management as unable to see their own future doom (bury your head in the sand theory) or curb their own incessant greed (making money as you doom children to a horrific future theory) both of which are based on the inane belief in perpetual growth and a fear of what will happen without it.

Meanwhile, Chevron is looking to drop their Canadian oil sands like a hot potato…

Chevron CEO Mike Wirth signaled he would consider selling its 20% stake in a Canadian oil sands mine as its faces investor pressure to do more to curb emissions and fight climate change. …

“We’re not in the kind of fire-sale mentality,” Wirth said. “But if we got what we think is fair value for an asset like that, we’ve been willing to transact on things that are of that scale and kind of relative importance in the portfolio.”

Oil sands are among the most challenged energy assets because of the volume of emissions created when producing crude from mines and from underground wells that require steam injection.

Facing increased pressure to cut carbon emissions, multiple international oil companies including Royal Dutch Shell Plc and ConocoPhillips have divested of their Canadian oil sands holdings in recent years.

Those pressures have only intensified in the past week. Chevron shareholders voted on May 26 in favor of a climate proposal to include emissions from customers’ burning of fuels in future reduction targets, against the wishes of the board.”

Chevron open to sale of Canadian oil sands stake to meet green goals by Robert Tuttle 6/3/21

Speaking of going against the wishes of the board… Exxon just got two unwanted activist seats on their new board.  And some are saying the fossil fuels biz is in big trouble.

Things are looking decidedly murky at a granular level, with environmental activists taking advantage of the clean energy momentum and major policy changes by the world’s governments to turn the screw on Big Oil.

But what happens when you zoom out and look at the bigger picture—Entire nations that depend on oil to power their economies. How will economies that are heavily dependent on oil exports cope with the shift to low-carbon fuels?

In 2019, 40 countries across the globe exported crude worth $1 billion or more, with some like Iraq depending on oil sales to finance upwards of 90% of their budgets. Fossil fuel-dependent economies represent almost one-third of the world’s population and are responsible for a fifth of global greenhouse gas emissions.

And now the International Energy Agency (IEA) has warned that pursuing net-zero emissions target is likely to be catastrophic for many oil exporters. …

Global oil and gas companies cut their capex by a staggering 34% in 2020 in response to shrinking demand and investors growing wary of persistently poor returns by the sector.”

Rapid Energy Transition Could Doom Oil Exporting Countries by Alex Kimani 6/1/21

In an earlier piece, Kimani noted:

For the first time ever, the world’s largest investment banks are backing renewable energy investments more than their fossil fuel brethren.

According to Bloomberg data covering almost 140 financial-service institutions worldwide, at least $203 billion in bonds and loans have gone into renewable projects through May 14, compared with $189 billion to businesses focused on hydrocarbons.

That marks the first time in the history of modern fossil fuels that such a shift is occurring.”

Is The IEA Report A Tipping Point For Oil Investing? 5/20/21

We must admit much of the issue is because there isn’t enough oversight of the powers that be, or outcry against those forces not being accountable to the people… which I reported on last week with the Jessica Intermill piece. Though the outcry seems to be rising as we see today a Treaty People’s Gathering bringing many to the Corridor to express their opposition to this dumb idea.

Meanwhile, we still await a verdict from the Minnesota Court of Appeals on the challenge to the Minnesota Public Utilities Commission approving the project without a true demand forecast and while the Environmental Impact Statement remained clearly inadequate to show the impacts of a spill into Lake Superior (previously remanded by the MN Court of Appeals).

It would seem that verdict might be favorable, based on the comments and questions from Judges Jesson, Reyes, and Kirk. Judge Jesson mentioned that the data on Need appeared to look like a Supply forecast, not a Demand forecast (law requires a Demand forecast).  While Judge Reyes questioned if Enbridge created a situation of foregone conclusion that there would be no impact on Lake Superior by picking a site (Little Otter Creek) about 30 miles from the Lake… and only allowing 24 hours for the analysis.  I mean, if the water has to travel at more than 60 miles/hour to get to Superior… you gotta admit, Reyes has a good point!

Given the state of the dying Tar Sands industry, alongside increasing pressure on the oil industry as a whole, and the lack of financial viability of Enbridge as determined by the State of Michigan years ago, the State of Minnesota ought to be happy to have the project stopped and Enbridge forced to return the landscape to what it was.

Well, happy may be a bad word… as there is no way to return thousands of decades old trees to the clearcut corridor.  There is no way to remove the scars to the land that killed thousands of beings as Enbridge dug through wetlands.  But perhaps happy to put the bill on Enbridge instead of us taxpayers to clean up their pipeline mess as the industry goes the way of the buggy whip?

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