Glad to see that the hypocrisy of the Canadian protest industry is finally coming to light. The Vancouver Sun has an article today pointing out that B.C.’s government union members have pension holdings in such union-loathed companies as Enbridge, Kinder Morgan, and other oil companies.
Of course, we pointed this out more than a year ago during the government unions’ ridiculous support of Occupy Vancouver:
Further, the BCGEU is a huge investor in the very corporations Mr. Walker whinges about. Three of the companies skewered in Occupy Vancouver promotional material are Royal Bank, TD Bank and ScotiaBank (http://www.flickr.com/photos/occupyvancouver/6239603235/). But through their pension plan, BCGEU’s members own more than $439.7 million worth of equity in those three banks alone.
“The union foxes are hiding in the Occupy Vancouver hen house,” said Bateman. “Unions like the BCGEU invest in some of the largest corporations in the world—the very companies Occupy Vancouver so passionately disparages.”
In fact, BCGEU members’ pension plan (paid for by member contributions and taxpayer dollars) owns equity worth $8 billion in companies like Suncor Energy Inc., Research in Motion, Barrick Gold Corp., CN Rail, Potash Corp., Teck Resources, Exxon Mobil, Microsoft, General Electric, Wells Fargo, Proctor and Gamble, Bank of America, JPMorgan Chase, Apple, IBM, Royal Dutch Shell, Nestle, HSBC, and Samsung.
“It is completely hypocritical for the BCGEU to stand with protestors bleating on about corporate power when they themselves invest hundreds of millions each year into those same companies,” said Bateman. “The BCGEU needs to shake its collective head: these companies provide jobs, livelihoods and pension income for millions of Canadians, many of whom belong to unions, not to mention providing governments billions in tax revenue to pay BCGEU members generous wages and benefits.”
Is Canada Off Track?
Canada has problems. You see them at gas station. You see them at the grocery store. You see them on your taxes.
Is anyone listening to you to find out where you think Canada’s off track and what you think we could do to make things better?
You can tell us what you think by filling out the survey