A few months ago there were some articles online about a company looking to get the rights to and then mine coal near Courtney here on Vancouver Island. It caused quite a stir, particularly in the rail community as the company directly mentioned the close proximity to the E&N and the deep sea port at Port Alberni in its literature.

Well, even though the economy has gone in the tank, it seems as though things are still proceeding.

In February and March, Compliance Energy Corporation went through and signed a partnership in the project with I-Comox Coal Inc a subsidiary of ITOCHU Corporation and LG International Investments (Canada) Ltd. a subsidiary of LG International Corp. They also signed a deal with West Fraser Mills, the original holders of the land to purchase around 29,000 hectares near Buckley Bay and Courtney.

Below is an overview map of the area… with the “Bear” area just south of Cumberland and Comox Lake and the “Raven” area nearer Buckley Bay.

View Larger Map

The Main find that includes Metallurgic (iron/steel) grade coal is in the bottom middle of the image, near where it says “Comox Strathcona A”. This terrain view is easiest to see where the claim is as it relates to surrounding communities. The entire flat area between the water and where the mountain hills start from Fanny Bay in the South to Comox Lake in the North is the general area of the plot.

Here is a slide from a recent presentation given by CEC.

You can see the various interests CEC has, with Raven being the one considered most profitable.

Their latest filings show that they are still actively pursuing the Raven project.

CEC has provided $7 Million to its Asian backers to “fund all of the activities necessary to reach a production decision on the Raven Coal Project.”

Notice that they said “production decision”, which is quite different from production itself. That said, they seem very optimistic on both the quality and marketability of the project. Other documents say they are hoping to have their first shipments in 2011 or 2012… but this little paragraph in their latest filing indicates there are financial pressures coming to bear that are not unrelated to the wider economy.

The Company will continue to require funds and as a result, will have to continue to rely on equity and debt financing. There can be no assurance that financing, whether debt or equity, will always be available to the Company in the amount required at any particular time. Management is of the opinion that sufficient working capital will be obtained from external financing sources to meet the Company’s liabilities as they come due.

So we’ll see what happens here. The partners in the project, ITOCHU and LG, are multi-billion dollar players in the asian coal and steel industry, so their financial well being is not in doubt. What is in doubt with whether this small company, lead by CEO John Tapics (out of Alberta electricity/coal sector, click for more on the Board), can make this happen, and more importantly, sell it to Island residents.

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“There is no real sense in applying strict travel restrictions especially at this stage. It’s not going to help,” says Alessandro Vespignani, a computer scientist at the University of Indiana in Bloomington, whose team is also trying to predict the spread of the current outbreak.

The World Health Organization’s Emergency Committee also took this position at a meeting on Monday: “WHO does not recommend closing of borders and does not recommend restriction of travel,” said Keiji Fukuda, assistant director general for health security and environment.

Modellers have also attempted to measure the economic cost of widespread travel bans in response to pandemic flu. In 2007, a team led by Joshua Epstein of the Brookings Institution in New York estimated that a 95 per cent reduction in air travel in the US could cost about $100 billion per year, or a little less than 1 per cent of the US gross national product (PLoS-ONE, DOI: 10.1371/journal.pone.0000401 ).

“In this situation, things are definitely not bad enough to warrant the economic impacts [travel limits] are going to have,” Brownstein says.

Go to the original article, it has some great sub links as well.

Don’t panic about this flu, it’s not serious yet, it’s just the flu!

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A La Gloria resident who spoke to the Guardian on condition of anonymity yesterday described how illness swept through the village. “Some people started getting ill in February and an eight-month-old baby died,” she said. “After that another baby died on 21 March. Suddenly most of the village got ill. It was weekend and the tiny clinic here was closed. The state health authorities then did send doctors and nurses to look after us, and give us medication. About 60% of the village were ill and we asked them what it was and they said it was a severe and atypical cold. We talked about influenza and they said that was impossible, that influenza had been eradicated from Mexico.”

…..

the US owner of an industrial pig production facility around 12 miles from La Gloria said it had found no clinical signs or symptoms of swine flu in its herd or Mexican employees. The world’s biggest pig meat producer, Virginia-based Smithfield, said it is co-operating with the Mexican authorities’ attempts to locate the possible source of the outbreak and will submit samples from its herds at its Granjas Carroll subsidiary to the University of Mexico for tests.

….

Smithfield, which is led by pork baron Joseph W Luter III, has previously been fined for environmental damage in the US. In October 2000 the supreme court upheld a $12.6m (£8.6m) fine levied by the US environmental protection agency which found that the company had violated its pollution permits in the Pagan River in Virginia which runs towards Chesapeake Bay. The company faced accusations that faecal and other bodily waste from slaughtered pigs had been dumped directly into the river since the 1970s .

I sincerely believe that with Listeriosis from Maple Leaf Foods, Salmonella from California, and Avian flu on Chicken farms… and now this…. well, shouldn’t we see this as a sign that Mother Nature is catching up to us? We are clearly tempting fate here with our gigantic food distribution networks.

It is time to relocalize in a big way. Grow locally, store locally, and only import luxury items that you can not produce at home.

This would not stop the spread of disease, but it would limit the waste, scale down the size of any operations making them more manageable and force those operations to maintain much higher standards of practice.

And just one more note before I finish. I discovered this link through a search for “swine flu” on twitter. I have discovered that Twitter really is an incredible way to find new information, fast, often long before it hits the airwaves.

And if you would like to see

a Map of possible and confirmed Swine flu cases here you go. It was last updated around 5:30AM PST.

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He says that Al Gore presented “misleading ascertions”.

Newt says…

[Al Gore] said for example, the rate of new discoveries, is falling for energy. That’s factually not true.

Actually, Newt, it is true. And it has been true for over 60 years… and here’s the proof Newt:

In 1965, 60 Billion barrels of conventional oil were discovered.

But Newt goes on:

In the last 3 years we have found (who is we?) have found 100 years of Natural Gas in the United States

That’s nice Newt. If I took only one sip out of a coke bottle every day then it might last 100 years as well. The question Newt, is not the amount, it is the rate. How much of the 20 million barrels of oil that the US consumes in a day can that “new natural gas” displace.

The answer, according to the US Energy Information Administration (PDF), is very little.

From 2004 – 2007, 46 Trillion Cubic Feet of “Proved Reserves” were added. Yet Estimated Production only grew by 0.2 Trillion cubic feet a year… the US consumed 23 Trillion Cubic Feet of Natural Gas in 2007

The picture for oil and oil substitutes like Natural Gas Liquids is even more grim:

From 2004 – 2007, 1.6 Billion Barrels of Crude Oil Equivalent were discovered of Natural Gas Liquids reserves. Yet estimated Production grew by 4 million barrels a year. That equates to 11,000 barrels of oil a day… roughly 0.06% of the daily 18 million barrel consumption in the US.

And finally, for crude oil…

From 2004 – 2007, -547 million barrels. Repeat. Negative 547 Million Barrels of crude oil were “discovered”….. in other words, we used it up faster than we discovered new stuff. Which brings us back to the graph above, the graph that matters.

Production of crude oil in the United States was 1.8 Billion barrels in 2004, and 1.7 in 2007. That’s a drop of 100 Million Barrels of oil a year or 0.5%.

……….

I hope that clarifies things for you Newt. The party is over. I know you’ll never accept it… probably not even when either your country collapses under its own debt to oil producing countries, or riots erupt from gas shortages and skyrocketing prices… but at least there are some who get it.

And by the way, from 1997 to 2007 total estimated production of Crude Oil plus Natural Gas Liquids went from 3 Billion Barrels of oil a year, to 2.5 Billion Barrels. A drop of 16%.

Brazil can’t save you Newt. Even without the current global recession, production from the new Brazilian finds wasn’t going to reach its full potential of 1.1 Million barrels a day (400 Million a year) until, wait for it, 2017.

Lets see.. in another 10 years we will likely drop another 16%… another 500 Million a year… much more than Brazil could provide, if even it all went to the US, which it won’t.

You’re dangerous Newt. You’re Dangerous!

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If you don’t feel like clicking (come on, it’s only 1 1/2 minutes long!)… at a Senate Hearing discussing what sort of Climate policy and bill the US Congress should pass, a Senator mentioned that a Carbon Tax is a Carbon Tax, but a Cap and Trade system is a “huge tax” as well.

To this, Al Gore said… a Carbon Tax is a tax, and Cap and Trade is expensive, but he actually supports HAVING BOTH… first the Cap and Trade, to encourage a global market and get more countries into the system… and then a revenue neutral Carbon Tax to further encourage reductions.

I’ll just close my eyes and believe that Carole James is really just in Al Gores head… it’s all good. Right?

On another note… Al Gore also directly mentioned Peak Oil in his comments to Senate leaders today… unfortunately it’s not in the video linked above, but the other rumour going around is that there some sort of “An Inconvenient Truth 2″ focused on Peak Oil is in the works.

Hey Al? Can you hurry it up please? Thanks.

Here’s another opinion on the NDPs plan.

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