Major pipelines over budget, cancelled or facing fierce opposition
Just three days before Christmas, British Columbians received a surprise gift: a pipeline rejection. The BC Utilities Commission denied the application by FortisBC to build a $327 million gas pipeline in the fast-growing south Okanagan.
One of the biggest climate stories in Canada in 2024 might well prove to be a project that, so far at least, few in the country have heard of — Ksi Lisims LNG.
In recent years, the "progressive YIMBY” (Yes, in my backyard) movement has embraced the idea that a surge in market-housing supply will magically lead to affordability.
However, all housing supply is not created equal. Despite a construction boom building thousands of new market units of multi-family supply, affordable housing remains elusive for over a third of British Columbians. The economic theory is not producing the promised housing affordability.