Trans Mountain has a lot of work to do in 2022 if it is to meet December in-service date
Trans Mountain Corporation has a lot of work to do in 2022 if it hopes to meet the target in-service date for its expanded pipeline and its capital budget of $12.6 billion.
Trans Mountain can only pray Mother Nature does not throw more wildfires, floods, or plagues at it this year.
According to recent third quarter financial reports, the project is only half built and 71% of the $12.6 billion capital budget spent.
Three years ago RCMP moved onto Wet’suwet’en territory, tearing down a barricade on a forest service road that blocked access to the planned route of the Coastal GasLink pipeline.
The single-day enforcement on Jan. 7, 2019, resulted in the arrest of 14 people, both Wet’suwet’en and their supporters. But it didn’t bring a resolution to the dispute over the pipeline, opposed by Wet’suwet’en Hereditary Chiefs.
A major piece of unfinished business left behind at the end of last year looks certain to haunt British Columbia in 2022, as the province’s NDP government faces determined Indigenous opposition to the Coastal GasLink pipeline and the project itself runs into serious financial headwinds.
An annual surtax on houses valued over $1 million could help reduce housing inequality and cool housing markets, a report says.
Paul Kershaw, founder of Generation Squeeze and author of the report published Wednesday with input from 80 experts, said it's part of a suite of recommendations aiming to shift the cultural view of housing as an investment to housing as a place to live.
The federal Crown corporation building the Trans Mountain Pipeline expansion has been handed a seven-day deadline to answer tough questions about soil stability, drilling method, and environmental impacts after proposing to redrill and reroute part of a 1.5-kilometre tunnel beneath the Fraser River, an iconic salmon-bearing waterway near the Lower Mainland population centre of Coquitlam.
In the last 40 years or so, what is often called “neo-liberalism” has come to dominate the thinking and policies of governments in Canada, the U.S. and other countries. This has meant massive bailouts of financial institutions and corporations, outsourcing of jobs, as well as deregulation, privatization and cuts to public services. The result has been the stagnation of wages and deterioration of living conditions for many Canadians.
"Climate change will bankrupt us, and along the way, we will lose so much more than money," said one activist in response to the new figures.
A new report out Monday shows that 2021 continued the trend of annual climate devastation worldwide that is costing the global economy hundreds of billions of dollars as planet-heating emissions unleash exactly the kind of damage scientists have warned about for decades.
