Premier David Eby is calling “Look West,” the British Columbia government’s new economic strategy, a plan to attract $20 billion in investment from the federal government and private sector.
The Crown corporation’s new long-term plan for BC’s energy future is a missed opportunity to commit to electrification, experts say.
Premier David Eby recently described British Columbia as Canada’s future “economic engine,” one that, in a nod to climate change, would be powered “by clean, reliable, affordable power.” Lots of it.
Earlier this year, the Canada Pension Plan Investment Board dropped its net-zero greenhouse gas emission commitment.
The board managing Canada’s largest pension fund has committed an estimated $7.1 billion to new oil, gas, coal and pipeline assets in the last year despite facing litigation for allegedly mismanaging climate related financial risks in its investment portfolio.
Prime Minister Mark Carney signalled his support for LNG exports in Terrace, B.C., this week, as nearby Kitimat residents learn to live beside a towering flame
Under heavy rain, an electronic sign by the side of the road in a small northwestern B.C. town warns passersby, “Flare height will vary.” It flashes to the next message: “Between 15 meters [sic] and 90.”
With the federal and Alberta governments touting an imminent deal on a new oil pipeline to British Columbia’s northwest coast, analysis released Thursday morning concludes that investors in Canadian oil and gas will face serious financial risk—and provincial revenues from the industry could fall 82%—as the global energy transition unfolds through the 2030s.
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