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Fossilized Finance: How Canada’s banks enable oil and gas production
Despite Canada’s climate change commitments, the country’s “big five” banks continue to finance and support the expansion of fossil fuel industries. In fact, the extent of the banks’ support since the oil price collapse in 2014 shows that this backing hinders Canada’s progress on reducing emissions. These banks are perhaps the most powerful corporate entities …
Fracking in BC’s northeast
Last summer I got out of Vancouver and toured northern BC. While the trip was mostly for pleasure, my inner economist could not resist some industrial tourism and visits to resource towns and major industrial sites that are the heart and soul of BC’s resource economy. Forestry dominates near Prince George, fishing at Prince Rupert, …
It’s 2021: Time to get serious about BC’s carbon emissions
In December 2020, the BC government released its first Climate Change Accountability Report, the result of 2019 legislation aimed at improving the reporting and oversight of climate action in BC. The report lacks accountability in one important respect: it is not an independent assessment and reads like previous BC government reports on climate action that …
Production forecasts, pipelines and net-zero promises: Canada’s recipe for climate failure
Canada launched Bill C-12 last month, a transparency and accountability act designed to achieve “net-zero” emissions by 2050. The government has also pledged to increase the planned 30 per cent emissions reductions by 2030 it committed to under the 2015 Paris Agreement even though as of 2018, the latest year for which data are available, …
Just transition planning for a managed wind-down of fossil fuels in BC
Resource development has long been central to BC’s economy. But commodity prices swing, industries consolidate and patterns of demand change over time. When they do, resource industry workers are often left holding the bag. The price is often much more than just involuntary unemployment for laid-off workers, but also includes mental illness, increases in domestic …
New federal climate plan hindered by commitment to fossil fuel production
Five years after the negotiation of the Paris agreement, the federal government is finally starting to walk the talk on climate change. Canada’s updated climate action plan, released December 11, is the most serious piece of climate policy we’ve yet seen from this government. It comes alongside new measures announced by 70 other governments as …
Government takeover of post-secondary education: Upheaval at UAlberta
Alberta’s United Conservative Party (UCP) government implemented a multi-pronged strategy to demolish the vestiges of university autonomy and self-governance and to assert direct political control over post-secondary education institutions (PSEIs). This takeover stems from the UCP leaders’ ideological antipathy toward all public goods and their desire to recommodify education, health care and parks, while stripping …
Why now is the time to reform the royalty regime in BC
The oil and gas royalty regime in British Columbia needs a major overhaul. The re-elected NDP promised during the election campaign to review oil and gas royalties and credits. In the context of a climate emergency the need for a managed wind-down is urgent. Despite “natural” gas being a finite greenhouse-gas-generating fossil fuel, the royalty …
Who benefits from caribou decline?
Scientists predict caribou herds located in northeastern BC will go extinct within our lifetimes. How could this be? We were led to believe that environmental oversight introduced decades ago would protect this iconic Canadian species despite the large-scale industrial development that threatens them. We were promised a win-win: thriving caribou and a thriving economy. Fast …
Towards a managed wind-down: the conversation we need to have
An enduring lesson from COVID-19 is that where there’s a will there’s a way. Faced with a pandemic, governments have risen to the challenge and made profound changes that would have seemed impossible mere months before. We now need to shift this out-of-the-box thinking to the existential threat posed by climate change. The need to …
Time to mobilize like we mean it: Lessons from the Second World War for the climate emergency
Even before the arrival of COVID-19, the history of the Second World War was making a remarkable comeback. Our movie theatres (remember those?), Netflix offerings and bookstore shelves were full of modern reboots of our mid-century wartime experience. Then the global pandemic struck, and suddenly, everyone is drawing comparisons to the Second World War. As …
Alberta’s energy war room reveals its true colours as a propaganda mill
Last week my report “Reassessment of Need for the Trans Mountain Expansion Project” was published by the Parkland Institute and Canadian Centre for Policy Alternatives (CCPA). The Canadian Energy Centre (aka Premier Jason Kenney’s “War Room”) took exception to my report and wrote a hit piece designed to discredit it,“A Matter of Fact: CCPA report …