LNG - Fracking

[Webpage: Note that this artticle refers to new investment.]

Wind and solar have grown seemingly unstoppable.

While two years of crashing prices for oil, natural gas, and coal triggered dramatic downsizing in those industries, renewables have been thriving. Clean energy investment broke new records in 2015 and is now seeing twice as much global funding as fossil fuels.

The Skeena Watershed Conservation Coalition has paid for eye-catching billboards near Parliament Hill suggesting Prime Minister Justin Trudeaus image will be forever tainted if his government approves a project they say would be a climate disaster. Peter O'Neil / PNG

[Webpage editor's note: It has long been suspected that one motivation for the proposed 10 lane bridge to replace the currrent 4 lane Massey tunnel under the Fraser River in Metro Vancouver was to enable larger ships to sail up and down the river (the tunnel limits a deeper river channel). Steve Ree's blog provides some evidence regarding LNG carriers.]

The B.C. budget claims the province is making money from shale gas. But last month The Tyee showed the province is pouring more cash into the industry than it is getting back.

In fact the only time the B.C. government made any money from shale gas was during a land lease boom nearly a dozen years ago. Ever since then, revenues have dwindled to next to nothing due to low royalties and taxpayer-funded subsidies to the ailing shale gas industry.

As a policy analyst with the right-wing think tank, the Fraser Institute, Fazil Mihlar co-authored a paper that among other things, advised British Columbia to do away with its environmental assessment act.

News Release

 For Immediate Release

First Nations leaders have rejected BC Minister of Natural Gas Development Rich Coleman's recent comments that the BC Government has the full support of First Nations impacted by the Petronas LNG project proposed for Lelu Island.