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Saturday, August 30, 2008

Green Party of Canada enters Canadian Parliament with first MP

Days before a federal election call, independent MP Blair Wilson has officially joined the Greens, thus ensuring Green Party of Canada leader Elizabeth May will be able to participate in nationally televised election debates. One would hope that this will lead to increased national discussion about wind energy development in Canada, plus geothermal power and other clean energy technologies.

The excerpt below is from an article by Bruce Cheadle of The Canadian Press.

Enjoy the long weekend,

Joe T


Green party announces first federal Member of Parliament


August 30th, 2008

By Bruce Cheadle, The Canadian Press

OTTAWA - The Green party has gained it's first ever federal member of Parliament - even before an anticipated fall election call.

Green party Leader Elizabeth May introduced Independent MP Blair Wilson - a former Liberal first elected in 2006 - as a Green MP at a news conference Saturday morning in the capital.

May characterized the move as an historic moment, and said it provides her fledgling party with an entry into the mainstream media election debates.

"With a Green MP sitting in the House of Commons, it will now be impossible to exclude the Green party from the televised leaders' debates in the next election," said May.

Wilson said he approached the Green party about possible representation only within the past week and "the sun and the moon and stars all lined up," to get him aboard.

The party's 1.5 million votes in the 2006 election, combined with continued strong national polling numbers near 10 per cent and federal byelection results that have placed Green candidates ahead of other mainstream party contenders all point to a legitimate political entity, said May.

"We've established ourselves as a party that cannot be described as fringe."

But whether Wilson ever enters the House of Commons as a Green party MP will likely be determined by voters in his riding of West Vancouver-Sunshine Coast-Sea to Sky Country later this autumn.

That's no sure thing.

The Vancouver MP resigned from the Liberal caucus last fall after allegations of spending irregularities in his 2006 campaign.

Elections Canada finally cleared Wilson this summer of any improprieties following an eight-month investigation, and May said he shared "deep and detailed" financial information with the Green party over the past week that proves his innocence.

Wilson is also contemplating a defamation suit against family members following an ugly financial dispute.

Wilson won his Vancouver seat, which had been held by Conservative party stalwart John Reynolds, in a tough three-way fight with the Tories and NDP after Reynolds' retired from politics and did not run in 2006.

"Not only do I embrace the policies of my new party, I will feel that all my past difficulties are justified if, by my actions, I can make a real difference by ensuring Elizabeth May is included in the leaders' debates," Wilson said in a statement.

"There is a democracy deficit in Canadian politics and this is one step in restoring effective democracy in Canada".



Full story: Green Party representative in Canada's Parliament

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WARNING: Investing in common equity of public companies is a high risk, high potential reward activity. Owning investments in individual alternative energy companies is for high risk investors only, and medium risk investors should consider green mutual funds, clean energy funds, renewable power index funds and other sector plays. Even then, these should be owned as part of a widely diversified portfolio. There is a gathering mania for investing in publicly-traded alternative energy companies, similar to the computer, technology, internet and banking / real estate booms of the past two decades. There will be some nasty corrections along the way, and some years from now when they come crashing down en masse, the world will still benefit from all the amazingly advanced clean and efficient energy technology created during the bull run. (Above note re-written March 2009 as my earlier prediction of a market top and a crash in the sector starting in August '09 was hastened by the credit markets collapse and began in August 2008, before the bubble had fully formed. Of all the sectors in the equity markets, clean energy has the best prospects to assume market leadership and public favour; we are bouncing aong the bottom still, and those who have followed our guidance to begin including (in a judiciously blended portfolio of cash, bonds, stocks and yes, um... real estate) green energy investment funds dollar-cost-averaging programs in Winter and Spring of 2009 are well positioned for longterm capital growth.)

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