LNG - Fracking

Ainslie Cruickshank
B.C. has lost millions more in revenue from natural gas royalty credits than had been predicted by budget estimates between 2016 and 2019. Photo: Garth Lenz / The Narwhal
Jan 22, 2021

 8 min read

B.C. collects far more money from tobacco taxes than natural gas royalties. The credit program is a big reason why

A review of four years of budget documents shows the B.C. government underestimated by $1 billion the amount of revenue it would forgo due to natural gas royalty credits, a shortfall that experts say highlights the volatile nature of markets and flaws in the province’s fossil fuel subsidy program.

Seth Klein
Justin Trudeau’s long-awaited bill seeking to embed new greenhouse gas reduction targets into law provides virtually nothing in the way of robust accountability. Photo by Al.T Photography

January 15th 2021

“Winning slowly on climate is just another way of losing.”

— Bill McKibben, climate writer and co-founder of 350.org


The Energy Mix

JANUARY 5, 2021

The Ontario Teachers’ Pension Plan closed out the year by buying a controlling interest in a fossil gas pipeline company in Italy, with an OTPP official claiming the deal is a “low- or zero-carbon” investment.

Chehala Leonard
Wet’suwet’en land defenders hang red dresses in honour of missing and murdered Indigenous women in Canada on the fence in front of man camps. Photo courtesy: Michael Toledano

Jan 03, 2021

A letter written by Wet’suwet’en female chiefs, and backed by the Union of BC Indian Chiefs and more than 400 healthcare workers, calls on the B.C. government to close “man camps” during COVID-19 pandemic, due to community risk.

An open letter written by Wet’suwet’en Ts’ako ze’ (female chiefs) is being backed by 400 health care workers in B.C. calling on the province to close work camps during the pandemic.

Brett Wilkins
Protesters picket outside a Chase Bank branch in November 2019. (Photo: Erik McGregor/LightRocket via Getty Images)

December 10, 2020

"The only reasonable decision for investors in this situation is to green their portfolio and to quit companies planning new fossil investments now."

Five years after the world adopted the Paris climate agreement, global financial institutions have provided over $1.6 trillion in loans and underwriting to multinational fossil fuel firms planning and developing destructive oil and gas projects, a joint report from 18 environmental groups revealed Thursday.

Carol Linnitt
With the approval of LNG Canada, there is expected to be an explosion of hydraulic fracturing operations in northeastern B.C., like this one near Farmington, B.C. Photo: Garth Lenz / The Narwhal

Dec 8, 2020

The CleanBC plan, released two years ago, still doesn’t lay out a credible pathway to meet emissions targets. A look at fracking and LNG helps explain why

When B.C. unveiled its signature CleanBC plan in 2018, onlookers noticed something suspicious: it was full of holes.

Canadian Press

International analyses suggest Canadian financiers are oiling the wheels of the fossil fuel industry at a far greater rate than their peers.

Bankers say they've made big strides in addressing climate change concerns and promise to reveal how dependent on carbon their portfolios are. They add the nature of Canada's resource-driven economy makes large investments in oil and gas all but inevitable.

But critics say not much is changing.


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