McKenna & Co I was going to call Brookfield Asset Management (BAM) a many-headed hydra but that’s the wrong metaphor, it is decidedly more of an octopus, with tentacles everywhere in everything—railroads, ports, real estate, nuclear power—but just one head, as the Southern Investigative Reporting Foundation reported back in 2013:Read More

Full disclosure: I thought 2021 was going to be vastly different from 2020 but instead, it unfolded like we’d given 2020 a 12-month extension on its contract. The COVID pandemic continued to loom large in everyone’s lives although, as you’ll see, I modified my response to it. I spent muchRead More

Green Hydrogen Remember when I took you on that guided tour of the new Novaporte website? (Honestly, I don’t blame you if you’ve suppressed the memory.) We spent some time pondering the claim that the adjacent Novazone logistics park will be a “green energy hub” with “planned hydrogen facilities” thatRead More

I thought it might be time for an update on the Bridging Finance story but in case you’ve forgotten about Bridging, I’ll do a sort-of “previously on” recap. Bridging Finance is a Toronto-based “alternative lender” providing financing to projects considered too risky by traditional banks. It raises money through theRead More

Albert Barbusci and Barry Sheehy, the men behind Sydney Harbour Investment Partners (SHIP) and Novaporte, the Sydney harbor container port project, have splashed out on a new website and what a glossy mix of stock photos and wild claims it is. Before we get into it, though, let’s take aRead More

Home Matters So, this happened: .@HomeMattersCB asks @TimHoustonNS if he supports a container pier for CBRM. Premier says he’s willing to see a business case. #nspoli — michael gorman (@MichaelTGorman) October 21, 2021 “@HomeMattersCB” is Sydney-Membertou MLA Derek Mombourquette and I groaned out loud when I read this. Mombourquette’s ownRead More

In the days leading up to the provincial election, all the usual suspects sharpened their pencils, marshaled their tired little troop of “facts” and wrote the editor of the Cape Breton Post in support of Albert Barbusci’s Novaporte project. Port Fest ’21 was kicked off at the end of JulyRead More

As you may recall, the Spectator reported some weeks ago on the local implications of the scandal rocking Toronto-based private debt firm Bridging Finance Inc (BFI); namely, that Membertou First Nation borrowed $6.8 million from Bridging to finance its purchase of a stake in Novaporte, Albert Barbusci’s imaginary Sydney harborRead More

Membertou Chief Terry Paul, whose band borrowed $6.8 million from Toronto-based private lender Bridging Finance Inc to finance an investment in a proposed Sydney container terminal, says he is not concerned about the arrangement despite Bridging having been placed in receivership on April 30 amid allegations of fraud and misappropriationRead More

Mary Makes a Meme How it started:     How it’s going:   On the bright side, having let it it sit empty for two years (and catch fire once), the entrepreneurs who bought the building for $225,000 are hoping to sell it for $399,000.   Mary Makes Another MemeRead More