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NEWS RELEASE · 14th December 2012
MP Nathan Cullen - Ottawa
MP Nathan Cullen said yesterday’s announcement by the federal government that Ridley Terminals Inc. in Prince Rupert is up for sale is poorly timed in light of widespread Canadian outrage at last week’s sale of Nexen.

“The Conservatives have earned themselves the deep distrust of most Canadians over their handling of the Nexen deal and now they’re peddling another major Canadian asset without due process,” Cullen said from Ottawa.

"A decision of this magnitude that so fundamentally affects the northwest and all of Western Canada should first go to the people for consultation and then on to Parliament for honest debate.

“Last week we saw Stephen Harper and his one-man band sell out Canadians with the disgraceful Nexen deal.

“Now the Conservatives are single-handedly trying to sell off a federal Crown corporation that is finally posting a profit after having millions of tax dollars poured into it.” Ridley Terminals made $34M last year.

“I don’t trust these guys.

“The Ridley sale must work for the northwest and I see no evidence our interests have even been considered in yet another shakedown of Canadian resources and assets.”

Federal ministers of state for Finance and Transport were in Prince Rupert today to announce Ridley Terminals is up for sale to a private sector company. Cullen scoffed at their assurances that controlling interest in the company would not be sold to any state-owned companies outside of Canada.

Cullen said he will be speaking with the ministers responsible to demand a transparent sale process that stands the test of public scrutiny.

Read a detailed analysis on the privatization of Ridley Terminals from February 2011 by clicking here.