LNG Canada is slated to pay less than a third of the millions of dollars it will cost to connect to BC Hydro’s clean electricity grid instead of burning gas to fuel its operations.
The first phase of the massive export facility in Kitimat started up in June, launching BC’s bid to access global markets for the fossil fuel, particularly Asia.
It’s been almost a decade since Mark Carney took the podium during a candlelit meal in the immense Underwriting Room at Lloyd's of London and threw a stink bomb at the black tied bigwigs of international finance.
“I’m going to give you a speech without a joke, I’m afraid,” Carney began. And then, after the requisite “grateful for the invitation” and up-buttering, Carney gave what’s been known ever since as the Tragedy of the Horizon speech.
Website editor: Here in a nutshell is the problem: "....tackle the climate crisis by financing public goods instead of offering incentives to private firms."
B.C.’s new industrial carbon pricing system gives big emitters a break on paying for emissions. That includes most new LNG export projects
When LNG Canada becomes fully operational this year, the liquefied natural gas (LNG) export facility in Kitimat, B.C., will be one of the largest sources of emissions in the province — but it likely won’t pay a cent for its carbon pollution for two full years.
Pension funds are gambling with Canadians’ retirement savings by placing multi-billion dollar bets on hydrogen's ability to rescue old, polluting gas pipelines from terminal decline, according to a climate finance advocacy organization.
Canada Promises Climate Reparations at COP29 While Courting Big Oil at Home
With spotlight on politicians and their pledges in Baku, fossil fuel lobbyists are racking up private meetings with Trudeau’s government.
Steven Guilbeault came to the COP29 climate change negotiations in Azerbaijan ready to make what the federal Liberal government deemed a “major” announcement.
Any hope the Liberal Party had that their signature climate policy would cease to be an albatross has been dashed, as allies of the carbon price drop like flies and opponents ramp up attacks. For Liberal strategists, there’s little room left to manoeuvre.
A re-elected NDP government would scrap British Columbia’s long-standing carbon tax and shift the burden to “big polluters” if the federal government dropped its requirement for the law, Premier David Eby said Thursday.
When BC first introduced a carbon tax in 2008 the point was to apply it to all emissions causing climate change, but start at a low rate and increase it over time. Yet, as the carbon tax has increased for households at the gas pump and to heat homes, large industrial players—including the oil and gas industry that is causing climate change—have steadily evaded their carbon tax.
