A study written for Canadian Centre for Policy Alternatives by earth scientist J. David Hughes offered a conclusion on the success of neoliberal politics in Canada. Success, that is, for the corporate world.
A pull quote in the executive summary of the Hughes report provides the gist:
[Web page editor: Support for fracked LNG makes BC Premier Horgan a leading agent of climate disruption.]
Feb 15, 2019 - Measures to help build the $40-billion LNG Canada project will be introduced this spring, the B.C. government announced on Thursday.
Northern B.C. and rural communities saw little mention in the government's latest throne speech, read Tuesday afternoon by Lt.-Gov. Janet Austin. However, the province dedicated five paragraphs to the liquefied natural gas industry and the LNG Canada project. Here's what was said:
Morneau may not have been fleeced, but certainly paid at the high end of the valuation scale, apparently assuming that everything would proceed smoothly
January 31, 2019
The sticker price Kinder Morgan put on the Trans Mountain pipeline when it entered negotiations with the federal government last year was $6.5 billion. Hence, finance minister Bill Morneau and his team thought they’d scored a bargain when they sealed the deal at $4.4 billion.
But it looks increasingly like he may bought a cat in a sack.
With Sheila Malcolmson’s big win in Nanaimo’s by-election yesterday, the BC NDP are no doubt walking a little taller today. After all, the governing party rarely wins by-elections. The BC Liberals poured significant resources into the riding. Malcolmson was behind in the polls. The Greens ran a strong candidate. For a safe NDP riding, many in the party weren’t really sure if they could pull it off this time.
Mid-mandate, this victory extends the tenure of the NDP minority government. Some in the party are probably feeling pretty confident.
Sale would be TransCanada’s biggest divestment yet
TransCanada Corp. hired RBC Capital Markets LLC to manage the sale of its majority stake in the $6.2 billion Coastal GasLink pipeline in what would be the company’s biggest divestment yet.
If TransCanada moves forward with a sale, joint venture partners could end up owning as much as 75 per cent of the conduit, the company said in a filing to the National Energy Board dated Jan. 25.
A subsidiary of Calgary-based energy company TransCanada bulldozed through traplines and personal property from two different clans of the Wet'suwet'en Nation last week, while the RCMP enforced an interim injunction requested by the company so that it could proceed with construction. Some Wet'suwet'en members said the RCMP illegally prevented them from entering their own territories, violating the nation's rights.
