<html><head></head><body><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3">Hi Everyone!</font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3">Right now Tar Sand is currently worth "minus 11 to 28 cents" per barrel. Nothing screams game changer more than these prices. Here is the CBC news coverage: </font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><a href="https://www.cbc.ca/news/canada/calgary/oilsands-bitumen-prices-negative-territory-1.4860884" rel="nofollow" target="_blank"><font size="3">https://www.cbc.ca/news/canada/calgary/oilsands-bitumen-prices-negative-territory-1.4860884</font></a></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3">In the last week we have seen the following:</font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><font color="#14171a"><span style="white-space: pre-wrap;">International investment group Nationale Nederlanden</span></font> (NN)<span style="color: rgb(20, 23, 26); white-space: pre-wrap;"><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(245, 248, 250);"> </span></span><font color="#14171a"><span style="white-space: pre-wrap;">managing 240 billion euros, becomes latest investor to withdraw from tar sands, pipeline companies including Enbridge and TransCanada. </span></font><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font color="#14171a" size="3"><span style="white-space: pre-wrap;"><br></span></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font color="#14171a" size="3"><span style="white-space: pre-wrap;">Greenpeace press release: </span></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><a href="https://www.greenpeace.org/canada/en/press-release/5453/press-release-international-investment-group-managing-240-billion-euros-becomes-latest-investor-to-withdraw-from-tar-sands-pipeline-companies/" rel="nofollow" target="_blank">https://www.greenpeace.org/canada/en/press-release/5453/press-release-international-investment-group-managing-240-billion-euros-becomes-latest-investor-to-withdraw-from-tar-sands-pipeline-companies/</a><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3">NN's press release here: <a href="https://www.nn-group.com/Media/Article/NN-Group-excludes-investments-in-oil-sands-.htm" rel="nofollow" target="_blank">https://www.nn-group.com/Media/Article/NN-Group-excludes-investments-in-oil-sands-.htm</a></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><span><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(255, 255, 255);">Norway’s US$1 trillion sovereign wealth fund is building its case for divesting its massive holdings of oil and gas stocks.</span></span><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><a href="https://www.bnnbloomberg.ca/world-s-biggest-wealth-fund-beefs-up-case-for-dumping-oil-stocks-1.1146858#_gus&_gucid=&_gup=twitter&_gsc=8i8E3nf" rel="nofollow" target="_blank">https://www.bnnbloomberg.ca/world-s-biggest-wealth-fund-beefs-up-case-for-dumping-oil-stocks-1.1146858#_gus&_gucid=&_gup=twitter&_gsc=8i8E3nf</a><span><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(255, 255, 255);"><br></span></span></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><br></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><span style="background-color: rgb(255, 255, 255);"><font size="3"><span style="white-space: pre-wrap;">Investors also pulled more than $6bn from junk bonds in the past week on concerns about highly indebted companies after a rise in interest rates.</span><br></font></span></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><a href="https://www.ft.com/content/dd1f101e-cd9a-11e8-b276-b9069bde0956" rel="nofollow" target="_blank">https://www.ft.com/content/dd1f101e-cd9a-11e8-b276-b9069bde0956</a><span style="background-color: rgb(255, 255, 255);"><span style="white-space: pre-wrap;"><br></span></span></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><span style="background-color: rgb(255, 255, 255);"><font size="3"><br></font></span></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><span><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(255, 255, 255);"><font size="3">Enbridge boasts of 40 billion in revenue but a new report identified it's unrestricted cash was only $480 million in 2017 & $457 million by June 2018. They need at least $500 million to meet the requirements of the Pipeline Safety Act. Currently they rely heavily on rotating credit from investment banks and in their last Q4 reports, they were declaring short investment purchases as long term debt because they are using long term investment funds to pay for buying shorts! Here is the full article on the unsustainable financing of Enbridge by the Sightline Institute. </font></span></span></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><span><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(255, 255, 255);"><font size="3"><br></font></span></span></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><a href="https://www.sightline.org/2018/09/18/how-enbridges-bankers-fund-a-tar-sands-pipeline/" rel="nofollow" target="_blank">https://www.sightline.org/2018/09/18/how-enbridges-bankers-fund-a-tar-sands-pipeline/</a><span><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(255, 255, 255);"><br></span></span></font></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><span><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(255, 255, 255);"><font size="3"><br></font></span></span></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><font size="3"><span style="color: rgb(20, 23, 26); white-space: pre-wrap; background-color: rgb(255, 255, 255);"><span><span style="color: rgb(20, 23, 26); white-space: pre-wrap;">At the end of September, Enbridge had about $61.4 billion of long-term debt. </span></span><br></span></font><a href="https://business.financialpost.com/commodities/energy/enbridge-sells-4-3b-in-assets-to-brookfield-consortium-in-bid-to-reduce-61b-debt-pile" rel="nofollow" target="_blank">https://business.financialpost.com/commodities/energy/enbridge-sells-4-3b-in-assets-to-brookfield-consortium-in-bid-to-reduce-61b-debt-pile</a><br></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><br></div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><br></div><div class="ydp2ad9e4f4yahoo-style-wrap" style="">I've been blowing the whistle on these issues for 6-7 years and I've spoken with solicitors, International asset risk managers, advocacy groups and press.The CBC and National Observer, Toronto Star and others are totally up to speed. Recently more info was shared with the Ontario Securities and Exchange Commission and the Alberta Securities Commission. I've spoken with staff at Minnesota Public Utilities Commission and US FERC plus there is an NEB process underway which may or may not reopen the RCMP file depending on how they behave. There is a very specific policy that I found to lift the secrecy on corporate funding and asset ownership but it required evidence of fraud and a lawsuit or an application for certification to use it. The sale of Line 10 opened that amazing window up for me. With what I had, I was able to "lift the veil" of corporate secrecy and the NEB secured the docs I needed to push further into this. I believe it may have contributed to the swift progress is being made right now. Either way, it is good to see progress being made here. I'm very thankful to see this finally surface. </div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><br></div><div class="ydp2ad9e4f4yahoo-style-wrap" style="">Bit by bit! </div><div class="ydp2ad9e4f4yahoo-style-wrap" style=""><br></div><div class="ydp2ad9e4f4yahoo-style-wrap" style="font-family:Helvetica Neue, Helvetica, Arial, sans-serif;font-size:16px;">Lulu :</div></body></html>