CCPA Policy Note

Entries Tagged as 'Energy'

A BC framework for LNG, part two: the LNG income tax

October 21st, 2014 · · 6 Comments · Energy, Provincial budget & finance, Taxes

Well, we saw this coming but it’s still sobering to see it in black and white. The BC government’s decision to cut its proposed LNG Income Tax in half (from 7% to 3.5%) is simply a cave in to industry. It’s massive giveaway of a public resource to global corporations by a desperate government who put […]

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A BC framework for LNG, part one: the carbon benchmark

October 21st, 2014 · · 4 Comments · Climate change, Energy, Environment, resources & sustainability

The BC government’s proposed carbon pollution benchmarks for LNG plants leave much to be desired. The package is an impressive display of cognitive dissonance: thanks to BC’s inconvenient law, the 2007 Greenhouse Gas Reduction Targets Act, along with its carbon tax, the BC government has cultivated a reputation for being a climate action leader; there’s even […]

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Let’s Not Go There Again

October 17th, 2014 · · No Comments · Energy, Environment, resources & sustainability

You would think that the fiasco of the government forcing BC Hydro in recent years to buy run-of-river and other IPP supply that it didn’t need, resulting in losses of hundreds of millions of dollars per year, would have put that unfortunate policy on the back burner for a long time. Not so. Clean Energy […]

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Competitiveness vs public benefits: the LNG tax and regulatory regime

October 7th, 2014 · · 1 Comment · Energy, Environment, resources & sustainability, Taxes

This Fall’s legislative sitting will be an important one for shaping the future of LNG in BC. Will one or more companies make final investment decisions? And if they do will there be any public benefits? One of the key questions is whether the BC government will cave on its proposed 7% LNG income tax rate. Industry has […]

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BC’s controversial contract obligations dwarf its debt

July 18th, 2014 · · Comments Off · Economy, Energy, Privatization, P3s & public services, Provincial budget & finance

Most of the discussion around the delivery of British Columbia’s public accounts this week has centred on debt (Marvin Shaffer makes excellent points in the previous post on why debt is not always bad) and on how BC got the money to balance its books. Something else worth looking at, however, is British Columbia’s non-debt […]

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What are the Net Benefits of Northern Gateway?

June 18th, 2014 · · 1 Comment · Economy, Energy

  One of the more disheartening features of the political and media commentary on the economic benefits offered by major resource projects is the general failure to properly assess what those benefits in fact are. We are inundated with reports on economic impacts — the amount of investment and jobs a project might generate — […]

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Will Enbridge’s pipeline ever get built?

June 18th, 2014 · · 5 Comments · Climate change, Energy, Environment, resources & sustainability

You have to wonder why the Harper government bothered with process at all. It’s like there was never any doubt that Enbridge’s Northern Gateway pipeline would get approved. But historians may look back on this moment as the beginning of the end of pipeline politics. Opposition to Enbridge’s Northern Gateway Pipeline is BC’s largest social […]

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Cheap Power for Jobs (Except it Ain’t Cheap)

May 23rd, 2014 · · Comments Off · Economy, Energy, Uncategorized

It has a nice political ring to it — “power for jobs”. That is what Glen Clark wanted to do with the Columbia River Treaty power that was returned to the province in the late 1990′s. And that is what Vaughn Palmer argues B.C. should do today with the hydro power we have or could […]

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Don’t believe the (LNG) hype

April 30th, 2014 · · Comments Off · Energy, Provincial budget & finance, Taxes

Today we released a new report, Path to Prosperity? A Closer Look at British Columbia’s Natural Gas Royalties and Proposed LNG Income Tax, about liquefied natural gas (LNG ) development in BC, and the public revenues that might be expected. So far, LNG has lacked a real public debate. On one side, we have the […]

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About that LNG Prosperity Fund

February 18th, 2014 · · 6 Comments · Energy, Provincial budget & finance

Budget 2014 contains some new information about how the province intends to pay for all of the ponies BC children have been promised from LNG riches. Alas, there is not much there – a three page text box that mostly restates the hype on LNG – and from what has been revealed it looks a […]

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