VANCOUVER — For the past three years, British Columbians have been unable to evade discussions about energy. At the start of the debate, the focus was placed on the Enbridge Northern Gateway and Kinder Morgan Trans Mountain expansion projects. Now, the implications of the nascent liquefied natural gas industry have become more prevalent, especially for the provincial government.
Kinder Morgan Inc. (KMI-NYSE) bills itself as “the largest midstream and third largest energy company (based on enterprise value) in North America.” Enterprise value is a fancy term for the market value of the whole company — it’s an estimate analysts like to use to measure how much a buyer would have to fork over to purchase the entire enterprise. Think of it as equity plus debt minus available cash. Last December, it would have cost $144 billion (US) to buy KMI, now it's 20-per-cent cheaper; KMI’s selling price is $115 billion (US).
An economic think-tank in Victoria is projecting an 8.7-per-cent increase in greenhouse gas emissions from vehicles between the base year of 2005 and 2030 in Metro Vancouver.
This is despite an expected reduction in the average number of vehicles per person, expanded transit, robust improvements in new vehicle fuel consumption rates and more electric vehicles.
The projection is in stark contrast to the provincial goal of reducing all greenhouse gas emission by 33 per cent by 2020 and the new federal goal of 30-per-cent reduction by 2030.
VANCOUVER - Dozens of participants have dropped out of the controversial National Energy Board review of Kinder Morgan's proposed Trans Mountain pipeline expansion, saying they can no longer support a "biased" and "unfair" process.
Thirty-five commenters and interveners, including the Wilderness Committee and the Canadian Parks and Wilderness Society, sent a letter to the board today announcing their immediate withdrawal.
In an exclusive interview with DeSmog Canada, former BC Hydro CEO Marc Eliesen says ratepayers will face a “devastating” increase in their electricity bills if the Site C dam is built and emphasizes there is no rush to build new sources of power generation in B.C.
“With Site C, BC Hydro ratepayers will be facing a devastating increase of anywhere between 30 and 40 per cent over the next three years,” Eliesen told DeSmog Canada in his first interview on the subject.
July 4, 2015 - Newly established WORKERS 4 THE PLANET (W4P) believes workers and our organizations—especially unions—must play a major role in stopping climate change, fighting for climate justice, and creating the necessary transition to a post-fossil-fuel economy.
A new study co-authored by six British Columbia First Nations warns that a proposed terminal for exporting liquefied natural gas on the province’s northern coast poses a threat to salmon habitat in the Skeena River estuary.
The research argues Pacific NorthWest LNG’s planned terminal on Lelu Island will harm Flora Bank, where juvenile salmon are nurtured by eelgrass beds. Flora Bank, a sandy area that is visible at low tide, is next to the proposed LNG site near Prince Rupert.
A group of B.C. environmentalists is about to have its day in court in a high-profile case against the Canadian Security Intelligence Service (CSIS).
Beginning in Vancouver on August 12, the Security Intelligence Review Committee (SIRC), an oversight body, will begin hearing a February 2014 complaint that alleges CSIS illegally spied on activists and First Nations people.
