Monday, February 14, 2011

The Former Calgary Oil Executive

Continues his hard left turn back to the 1970's


In advance of PCS President Bill Doyle's address to the Saskatoon Chamber of Commerce today, the NDP issue a media release

---------------------------------------------------------------

When Will Potash Corporation Head Office be Repatriated?

When the President of the Potash Corporation, Bill Doyle, addresses the Saskatoon Chamber of Commerce later today, Saskatchewan people will want to know when the company’s current Chicago Head Office is to be closed, and its 200 executive jobs moved back to Saskatoon, NDP Leader Dwain Lingenfelter said.

“Last fall, the people of Saskatchewan came together to stand up for the Potash Corporation in its bid to fight a hostile takeover attempt by BHP Billiton of Australia. Now it’s time for the Potash Corporation to stand up for the people of Saskatchewan,” Lingenfelter said.

“Bill Doyle’s speech is billed as a “progress report” on the Potash Corporation’s publicly advertised Pledge to Saskatchewan. Nearly five months later, Saskatchewan people are expecting a detailed plan for the closure of the Chicago Head Office, and its repatriation to Saskatoon, along with its 200 executive level jobs,” Lingenfelter added.

“Suggestions that the corporation plans to move as few as 50 jobs back to Saskatoon are worrisome. Anything less than the full repatriation of the Head Office amounts to a broken promise by the Potash Corporation to the people of Saskatchewan,” Lingenfelter said.

“The argument that the Potash Corporation needs to maintain a Chicago Head Office for its American-based Phosphate and Nitrogen divisions, ignores the fact that the corporation was only able to expand into these new lines of business using its profits from the sale of Saskatchewan potash. Expansion into these areas should have resulted in more Head Office jobs for Saskatoon, not a relocation of the Head Office to the United States,” Lingenfelter added.

“It will also be very important to hear that the President of the company, Bill Doyle, will be moving his family back to Saskatoon and will be living here full-time. Talk of keeping a “residence” here means nothing. Will he be living and working out of Saskatoon or not?” Lingenfelter asked.

“In January, the Premier promised that a Memorandum of Understanding, a binding legal document, would be signed with the Potash Corporation prior to the spring sitting of the Legislature to enforce the company’s Pledge to Saskatchewan. Has an MOU been signed? What are its terms? And if not, how does the provincial government plan to enforce the company’s commitments to the people of our Province? These are all questions Saskatchewan people await the answers to,” Lingenfelter concluded.

----------------------------------------------------------------

Think about what Lingenfelter is saying. He is demanding that a publicly traded company forget about any business strategy or competitive advantage it may have, and move its entire head office to Saskatchewan or it will be an affront to the people. This is Marxism!

Lingenfelter is basically calling the nationalization of the potash industry. And it all begins with this media release and their call for a royalty review.

That will kill us as a province! But that may be his intention. Less independence for the individual and companies, and more reliance on the government where they can control you.

Just like the 1970's.

If he can demand this of PCS, what will he demand of your company if the NDP ever get in power again!?!

Business needs to wake up and realize what Lingenfelter and the NDP plan on doing to the province. And to you...

1 comments:

Trent said...

James Wood has been making a big deal of the potash royalties. He has written several articles on the issue. Has anyone else noticed that James Wood uses quotation marks a lot, but he doesn't use them when quoting Lingenfelter? It's as if Lingenfelter is actually writing, or at least dictating, the articles.