10 Game-Changers in B.C.s NDP-Green Agreement
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- Published on Wednesday, 31 May 2017 19:45
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10 Potential Game-Changers in B.C.’s NDP-Green Agreement
After weeks of nail-biting, British Columbians finally have a clearer sense of what’s in store for the province with the release of the NDP-Green cooperation agreement.
The 10-page agreement establishes the basis for the Greens to “provide confidence” in an NDP government. Translation: the agreement lays out what the NDP agreed to in return for the Greens guaranteeing to support NDP budgets and confidence motions.
And boy oh boy, is there ever a lot of gold in this document. Here are 10 of the biggest potential game changers on the energy and environment file. Read more.
No, Asian Markets Will Not Fetch Better Prices for Canadian Oil: New Report
One of Ottawa and Alberta’s main arguments in defence of the Kinder Morgan Trans Mountain pipeline — that Alberta oil sold to Asian markets will command a higher price — is a myth, according to a new report released Wednesday by scientist and energy resources expert David Hughes.
Contrary to the common claim, Hughes’ research, conducted on behalf of the Canadian Centre for Policy Alternatives and the Parkland Institute, found “a ‘tidewater premium’ does not exist.”
“My research shows that Canada’s oil is not being unfairly discounted by the U.S.,”
Hughes said. Read more.
Site C Dam Set to Finally Undergo Review of Costs and Demand
The controversial $9 billion Site C dam project will be sent for immediate review with the B.C. Utilities Commission if NDP Leader John Horgan becomes B.C.’s premier, according to a landmark agreement between the NDP and Greens.
The agreement states the government will “immediately refer the Site C construction project to the B.C. Utilities Commission” to investigate the economic viability of the project.
During the election campaign the Greens vowed to stop the Site C project outright while the NDP committed to send the project for independent review by the B.C. Utilities Commission, a body designed to regulate BC Hydro and electricity rates. Read more.
Kinder Morgan Warns Trans Mountain Investors Pipeline May Never Be Built
It’s a rare dose of honesty from a company with a history of bending the truth. Kinder Morgan filed a final prospectus last week with securities regulators, setting the stage for a last-ditch attempt to raise enough cash to build its Trans Mountain expansion project.
Now all the Texas pipeline barons can hope is that investors don’t read the fine print.
The company is essentially trying to crowdfund $1.75 billion through an initial public offering. Kinder Morgan executive Ian Anderson sounded confident in a press release announcing the IPO: “Our approvals are in hand and we are now ready to commence construction activities this fall,” he said. But the approvals are not in hand. Read more.
What You Need to Know About New Conservative Leader Andrew Scheer
Andrew Scheer was recently elected as the next leader of the federal Conservatives.
At 38 years old, Scheer was the youngest of the 13 candidates in the race. Despite his age, Scheer sported some of the most traditionally conservative policies of the bunch, including on the environmental and climate change front.
Here’s a quick rundown on some of the things that Scheer plans to do if his Conservative Party wins the 2019 election. Read more.
Kinder Morgan ‘Misleading’ With Claim Trans Mountain ‘Approvals Are in Hand,' Says Chilliwack Resident
Kinder Morgan Canada’s president Ian Anderson may have misled potential investors in a statement that claimed “execution planning is complete, our approvals are in hand” for the Trans Mountain pipeline, according to Ian Stephen, resident of Chilliwack B.C. and campaign director at the Waterwealth Project.
“We are now ready to commence construction activities this fall,” Anderson told the public this week during Kinder Morgan Canada’s $1.75 billion initial public offering — one of the largest offerings in Canada’s history — expected to close May 31.
But according to Stephen, Kinder Morgan is “misleading potential investors,” because the company has yet to receive National Energy Board approval for the Trans Mountain pipeline route through Chilliwack.r0
