LNG is incompatible with BC’s climate obligations
by Marc Lee | July 11, 2018
Now that we are in a sunny lull between the end of flooding season and the start of fire season, it’s time we had a talk about fossil fuels and climate change in BC. The BC government deserves praise for standing up to Alberta and the federal government over the Trans Mountain Pipeline Expansion (TMX), …
Tax breaks and subsidies for BC LNG
by Marc Lee | July 5, 2018
At the height of LNG-mania in 2013/14, high prices in Asia fueled a gold rush mentality in BC—based on shipping cheap BC gas to Asia for mega-profits. But those high prices proved only temporary, and by 2015 the economic case for LNG (liquified natural gas) turned on its head. The subsequent Asian price for gas …
BC public pensions fuel climate change crisis
by Zoë Yunker, Jessica Dempsey and James Rowe | June 25, 2018
If you have a public pension in BC, your retirement savings are likely fuelling the climate change crisis. The pensions of over half a million British Columbians are administered by the British Columbia Investment Management Corporation (BCI), formerly known as the bcIMC. It’s the fourth largest pension fund manager in Canada and controls one of …
Canada’s Fossil-Fuelled Pensions: The Case of the British Columbia Investment Management Corporation
by Zoë Yunker, Jessica Dempsey and James Rowe | June 25, 2018
The British Columbia Investment Management Corporation is the steward of BC’s public pensions, but bankrolls companies whose current business models exceed the climate change targets agreed to in the Paris Agreement to which Canada is a signatory. This report shows that the Corporation’s claims of responsible investment are more talk than walk, as its actions are not …
Gas gouging in Metro Vancouver: Blame Big Oil, not taxes
by Marc Lee | June 11, 2018
Everyone is talking about the high price of gas in Metro Vancouver, which hit a new record in May, topping $1.60 per litre. The story making the rounds is that taxes are to blame—in particular the April 1 increase in BC’s carbon tax. Some have seized on this moment to call for tax cuts to …
British Columbians shortchanged billions from fossil fuel industry revenues
by Ben Parfitt | May 31, 2018
Earlier this year, Premier John Horgan announced that the British Columbia government was prepared to offer billions of dollars in tax breaks to Royal Dutch Shell should the global fossil fuel giant build a massive liquefied natural gas plant on our province’s north coast. Absent from the news then, however, was any mention of how …
Trudeau government justification for purchasing Trans Mountain project based on false premises
by David Hughes | May 30, 2018
So how sound are the claims being used to justify the federal government’s expenditure of up to $12 billion in taxpayer funds to purchase Kinder-Morgan’s Trans Mountain expansion (TMX) project? The Trudeau government says the purchase is in the ‘national interest’, will create thousands of jobs, and that delays in the project are costing Canada …
Threatened caribou further endangered: Suppressed audit shows Oil and Gas Commission undermining provincial efforts to save species
by Ben Parfitt | May 28, 2018
On an April morning in 2014, members of the Fort Nelson First Nation tucked into a helicopter to begin a day of flying to fossil fuel company operations in their territory. The Nation’s lands are part of the expansive Treaty 8 territory that includes northeast British Columbia. A professional biologist from Fort St. John was …
A Prairie Patchwork: Reliance on oil industry philanthropy in Saskatchewan boom towns
by Simon Enoch and Emily Eaton | May 28, 2018
When we think of a “boom town,” we often imagine a formerly sleepy rural town suddenly awash in wealth and economic expansion. It might surprise some to learn that for many municipalities in oil-producing regions in Saskatchewan, the costs of servicing the oil boom can outweigh the benefits. Instead, as Simon Enoch and Emily Eaton …
Why would a boom town need charity? Report examines inequities in Saskatchewan’s oil boom
by Simon Enoch and Emily Eaton | May 28, 2018
REGINA — When we think of a “boom town,” we often imagine a formerly sleepy rural town suddenly awash in wealth and economic expansion. It might surprise some to learn that for many municipalities in oil-producing regions in Saskatchewan, the costs of servicing the oil boom can outweigh the benefits. A Prairie Patchwork: Reliance on …
Death of the Oil Weapon
by Yonatan Strauch | May 7, 2018
Alberta’s threat last month to cut oil supplies to British Columbia and thereby cause gasoline prices to spike is not an original idea. It is called the oil weapon: holding a supply of critical oil over your customer’s head. As detailed in Daniel Yergin’s tome on the oil industry, The Prize, it was most famously …
Politics versus the future: Canada’s Orwellian energy standoff
by David Hughes | May 5, 2018
There is no denying the utility of fossil fuels, which meet 85% of the world’s energy needs. And consumption is rising along with emissions. Even in Canada, the second largest hydropower producer in the world, 76% of end use energy is provided by fossil fuels. We are told by the federal government that increasing oil …