The concentration of greenhouse gases (GHGs) in the atmosphere is a critical environmental issue. One important cause involves the production and use of fossil fuels. Canada’s government just released the National Inventory Report (NIR) detailing GHG emissions for the years up to 2022. It provides useful information, but it is incomplete.
If I told my spouse that I had decided to buy a car for $30,000, then I returned home with one priced at $150,000, she would bar me from the house. The same should happen to every person from bureaucrat to politician who said taxpayers ought to build an oil pipeline.
A peer-reviewed, Stanford-led study involving more than 50 scientists was published this week by Nature. It reveals alarming information about uncontained emissions from oil gas systems. The authors integrated approximately one million aerial site measurements into regional emissions inventories for regions in the USA. They found greenhouse gas releases were about 3x government estimates…
In the 2024 Throne Speech, the government of David Eby claimed that “greenhouse gas emissions are down 5 per cent from six years ago.” The claim is simply untrue. It is made by ignoring vast sources of emissions.
Premier David Eby and Ministers of British Columbia spent much time in August 18 news conferences. They talked about dealing with wildfires and assisting the tens of thousands of people affected by the province’s hottest ever time for burning. Politicians spent little time talking about factors that contributed to the current State of Emergency…
In 1996, Norway began depositing oil revenue into a national wealth fund so that current and future generations would benefit from the nation’s oil wealth. Bolstered by oil taxes and by profitable investments in more than 9,000 companies outside Norway, the fund is today valued at C$1.84 trillion.
Part of the trillions of dollars in subsidies to fossil fuel producers reflects governments undercharging supply costs (rights and royalties), but most involve implicit subsidies, including undercharging for environmental costs. Eliminating gifts to fossil fuel producers would raise public revenues while reducing greenhouse gas emissions…
The government of British Columbia issues regular press releases portraying itself as active in fighting climate change. But if we ignore the press releases and examine the science, a more honest picture forms…
With it now costing more than $100 to fill the gas tank of a small car, it is worth remembering a report on fossil fuel subsidies issued in February 2022 by International Institute for Sustainable Development.
The BC NDP government taxes fossil fuels severely to discourage consumption by citizens. That is an appropriate policy choice but the same government turns around and offers huge public subsidies to producers with the aim of increasing production and leading politicians pretend that is free of environmental harm since the fuels will be burned in places other than British Columbia.
Alberta has long been a puppet of the oil and gas business but Kenney’s compulsion to deliver benefits to this private sector is unprecedented. It is as if Alberta’s right wing government looked at what Norway has been doing and decided to do the exact opposite. In the first 13 weeks of the 2019-20 fiscal year, Alberta’s Heritage Savings Trust Fund declined by $156 million to $18 billion. In the last eight weeks, Norway’s wealth fund increased by C$55 billion, a rise of 4% to C$1.46 trillion.
Oil has a massive incumbency advantage. The industry has invested heavily in politicians and corporate media, the fools and tools it needs to keep billions of dollar in subsidies flowing from the public to the private sector…
Norway made a choice to take a material share of oil and gas revenues and distribute the value of its non-renewable resources to citizens over multiple generations. Alberta, British Columbia and Saskatchewan chose to benefit whichever corporations happened to be involved when production of oil and gas took place…
Charles Adler believes we should speak clearly. However, he said nothing about speaking accurately, a quality not always compatible with political propaganda.
Fossil fuel promoters had either not read the FCA judgment, or reject it for their own reasons. Many of these people applauded when a court jailed opponents of Trans Mountain expansion but judge the courts wrong when they disagree with a decision.
As is typical of resource management, the regulating ministry sees its prime purpose is to enhance growth and profitability of companies extracting resources. the public share of produced values is no longer material. This cozy relationship costs taxpayers billions of dollars, money that could be spent on renewable energy, transit, daycare, education or many other responsibilities of government.
In Norway, with 5.3 million people, upstream petroleum companies are subject to a 27% petro tax plus a special tax of 51%. Alberta petroleum tax is less than 4%. BC’s is near zero.
Canada, British Columbia, Alberta and Saskatchewan are today committed to pumping billions of dollars into the inevitable carbon bubble. Delaying transition to renewables to extract additional wealth from fossil fuels is dangerous Smarter people than Notley and Trudeau prefer a different approach.
Committing billions of taxpayers’ dollars to ensure the public carries all economic risks of the Trans Mountain project is not only financially unsound, it requires a commitment to climate change denial similar to that of Trump’s EPA assassin Scott Pruitt. The positions of Canada and Alberta show absolute ignorance of today’s economic world…
Removing the impact of gas tax and GST, our American neighbours pay as much as 38¢ a litre less. That amounts to $23 for a 60 litre fill-up. Based on average consumption, we suffer about $1,000 a year in excess charges for each vehicle. It appears that industry collusion and lack of competition are main factors.
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