Canadian Parliament Removes Conservative Party from Power

News from Canada just in says the Canadian Parliament just ousted the ruling Conservative Party from power, with a combination of opposition parties voting no-confidence in the government of Prime Minister Stephen Harper.

CBC News said this:

"The motion says the House agrees with a Commons committee report tabled earlier this week that found the government in contempt of Parliament, "which is unprecedented in Canadian parliamentary history, and consequently the House has lost confidence in the Government."

"Earlier this week, the procedure and House affairs committee tabled a report that said the government is in contempt of parliament for refusing to supply enough information on the cost of the F-35 fighter jets, their justice system reforms and their projections for corporate profits and tax rates."

What this means is the Canadian government has been basically dissolved and there will be new elections soon.

According to Harper, he sees the current fragility of the economy as not conducive to elections at this time.

While interesting, Canadian polls have shown that even with new elections, not only will conservatives hold onto power, but will probably increase in seats to form a majority.

Opposition parties will attempt to paint the Conservative parts as lacking in ethics and accountability, pointing to several alleged improprieties attempted to be made to look like scandals.

Scientist: BP (NYSE:BP) Oil Report Misleading and Incomplete

Professor Ian MacDonald, a nationally renowned Scientist at Florida State said, the governments report on where the BP (NYSE:BP) oil has gone is misleading and incomplete. He is extremely disappointed because the report doesn't give any details on the process scientists used to compile data and came to their conclusions.


MacDonald feels the report is public relations, having nothing to do with actual science. The total amount of oil that was deposited into the Gulf is 4.9 million barrels. According to the governments estimates, 25 percent of the oil was skimmed, burned, or recovered. An additional 25 percent dissolved or evaporated, while 24 percent was dispersed through chemicals or naturally. That leaves only 26 percent remaining in the environment.


"That residual oil at the 26 percent level represents five Exxon Valdez quantities of oil released into the Gulf of Mexico, still there these many months later and likely to stay there for years to come," said MacDonald. He does believe that the 26 percent is an extremely low estimate, but even that number is staggering.

BP (NYSE:BP) Playing Dumb on Oil Spill Estimate and Spill Containment

BP (NYSE:BP) is playing dumb when it comes to the new oil spill estimate. Just a day ago the government increased their estimate of spilled oil to over 4 million barrels.

BP spokesman John Barnes said, "We don't have our own estimate of the flow rate or an assessment of this report." He stated that BP was not part of the federal scientific task force which came up with the estimate. He did say that the company had provided data to the task force. "It's important to know the amount of oil released, but we're not actual participants in that," continued Barnes.

Something is not adding up here, from the beginning of the oil spill BP has been low balling their estimates. Despite what scientists and the federal government have been insisting was the actual, much higher amount. Now BP's lawyers are being hush, hush and not giving any comment one way or the other. The amount of spilled oil is what will determine the amount the company's liability.

The federal clean water act will allow the government to impose the fine. The minimum of which, would be $1,100 per barrel of the toxic crude deposited into the Gulf of Mexico. The fine could go all the way up to $4,300 per barrel if the company is found to be negligent.