BC NDP government disappointed many with its determination to finish Site C regardless of physical or financial obstacles. That is despite the party’s position when Official Opposition that recognized lower cost and less damaging alternatives.
Unfortunately, misinformation spread by BC Hydro and Peace River dam proponents left voters confused in 2020, wondering if they should believe facts presented by project opponents or information promoted by official sources.
For me, Site C is just one failure of the BC NDP.
Policies to promote increased production of fossil fuels may be even more dangerous.
We know that people pocketing a share of the billions spent on unsafe energy projects are aggressive promoters. The New York Times science writer Henry Fountain reported the powerful fossil fuels industry…
lobbied against policies to tackle global warming, and funded efforts to obscure the well-established science that global warming is caused primarily by greenhouse gases generated by burning fossil fuels and other human activities.
These efforts are often obscured from public view, but their influence becomes clear in regulatory and lobbying records and by piecing together information from insiders and other sources…
Climate change deniers are like remorseless people who promoted the spread of killer opioids, preferring financial gain above all else.
Within hours of the NDP government’s reelection, it approved the Woodfibre LNG project that will result in dangerous movement of LNG tankers in the constrained waters of Howe Sound.
Knowledgeable observers of BC NDP policies are not surprised government decided it is acceptable for Howe Sound to be a potential sacrifice zone. The Horgan Government has even greater commitment to promoting LNG than Christy Clark’s administration.
NDP has often been blamed by critics for being too heavily influenced by labour unions, lobbyists and dreamers while lacking basic business sense. NDP energy policies are proving critics correct.
GlobalData, an international analytics and consulting company put out a release today that included:
Significantly low gas prices and the global LNG supply glut caused by COVID-19 has led to a delay in upcoming LNG projects in Canada. Prevailing market conditions are making it difficult to find investors…
Rising competition and a supply overhang might make it challenging for Canadian LNG producers to remain cost-competitive…
In February 2020, Woodside wrote down US$720 million [C$955 million] in the Kitimat LNG project in which the company owns a 50% stake…
[Haseeb Ahmed, Oil and Gas Analyst at GlobalData] concludes, “Canada’s LNG sector needs to come up with strategies to thwart competition from the US…
Attentive taxpayers know what those strategies will be.
In few words: a demand for direct cash subsidies. There is nothing else left to give.
British Columbia has already offered the LNG industry carbon tax exemptions and other tax holidays, discounted electricity worth hundreds of millions, interest free loans, tariff exemptions and welcome mats for foreign workers.
Perhaps more significantly, LNG producers will enjoy natural gas feedstock that is almost free of royalty and rights payments to the public.
Early in 2020, the Horgan Government suspended monthly auctions of petroleum and natural gas rights. It is continuing royalty reduction programs that have already totalled $10 billion since 2007 and, with credits accrued, have resulted in net royalties being negative in four of the last five years.
While natural gas producers now pay nothing to the BC public in comparison to earlier days, production of the fossil fuel has about doubled in the last ten years.
Fossil fuels may pose an existential threat to the world, but politicians in western Canada are either unaware or indifferent. Evidence suggests the latter.