NDP BC Premier John Horgan Is the Real Deal and Shows His Leadership Skills

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Pondering

Martin N. wrote:

I wonder how long Heyman can stall before presenting the substance of their case. No matter what, TransMountain will be built long before this case ever reaches the high court. 

Provincial jurisdiction on the coasts ends at the high water mark. The Feds have constitutional authority over the entire marine environment. There is no precedent for challenging this authority and it is doubtful the SCC will set one.

There are other cases still working their way through the lower court. Even if BC stood down the pipeline can`t be built until those cases are settled.

epaulo13 epaulo13's picture

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NorthReport
NorthReport
NorthReport

Not too shabby!

We've tracked every promise the B.C. NDP made in the last election: Here's where they stand

While some high-profile promises have fallen short, more than 75% of the NDP's platform is being enacted

http://www.cbc.ca/news/canada/british-columbia/bc-government-ndp-promise...

NorthReport

Wow! What a difference a year makes in BC politics. Of the 3 Green MLAs Sonia stands out as the class act

https://thetyee.ca/News/2018/07/03/Green-NDP-Stil-Co-operating-Government/

NorthReport

See the difference John between you and Doug Ford

Doug Ford wants to win the next election but do you?

I respect the right-wing because they are determined to win 

If you want to win the next election John call  a Casino Money Laundering Inquiry in BC now!!!

https://www.nationalnewswatch.com/2018/07/17/doug-ford-to-announce-inquiry-into-previous-liberal-governments-spending-3/#.W05irxYTGaM

NorthReport
NorthReport

Sweet!

Finally a Government by the People, for the People in Canada. Apart from Alberta pretty sure there are no others.

https://vancouversun.com/opinion/columnists/vaughn-palmer-so-far-so-good-for-b-c-s-ndp-rule

Left Turn Left Turn's picture

1 year in, B.C. NDP has completed nearly two-thirds of its election promises

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It's been exactly one year since the NDP formed government in B.C. — and the party has averaged around one completed promise every four to five days. 

Two months ago, CBC News published a story tracking every tangible pledge the NDP made in its election platform last year, finding that of the 122 promises made, 76 had either been passed into law or were on a clear path to happening. 

We've updated the tracker since then to include new areas the government has moved forward on, including lifting age restrictions on insulin pump coverage and moving forward on creating urgent care centres.

Now, the government has completed, or is on a clear path to completing, 80 of its promises. Another 18 are unfulfilled, including freezing BC Hydro rates and creating a $400 yearly rebate for renters.

epaulo13 epaulo13's picture

BC Taxpayers Digging Deep for LNG Subsidies, Tax Breaks

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Eliminating the LNG income tax

Brought in by the previous Liberal government when LNG prices in Asia were much higher, the LNG income tax was intended to capture a portion of the economic rent associated with selling B.C. gas in Asia. This effort was watered down by a major reduction in the tax rate, as well as by the ability of companies to fully deduct capital costs before paying any LNG income tax. That meant that B.C. would have been underwriting any cost overruns for the project. Moreover, the LNG income tax was accompanied by a reduction in the regular corporate income tax for LNG producers, so it’s not clear that B.C. would have gained at all in terms of revenues.

Instead, the government will rely on the regular 12-per-cent corporate income tax. The catch is that for gas landed in Asia at close to break-even prices there will be essentially no income to tax. Much also depends on final capital costs for construction and how quickly those costs can be written off against revenues. Another wild card is the extent to which the partner companies are able to engage in transfer pricing that would lower profits declared in B.C.

Royalties are supposed to be a principal way that the people of B.C. get a share of the development profits from exploiting the public gas resource. Unfortunately, with the current regime B.C. is effectively giving its gas away. Royalties on record levels of production continue to be extremely low, and companies have stockpiled some $3 billion in credits for fracking and other infrastructure that will be used to reduce future royalties.

There is a trade-off between public revenues from new economic activity and any incentives one makes to LNG proponents. It is not clear how the new B.C. government intends to implement its commitment to “guarantee a fair return for B.C.’s natural resources.” Its backgrounder states it “will utilize a number of other tax and royalty measures under its new fiscal framework” with no further details.

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Cheap electricity is a subsidy

For the government, LNG is an appealing new source of demand for electric power in light of the controversial approval of the now-$10.7 billion Site C hydro project, which will add 5,100 gigawatt hours per year of new supply. When it was approved by the previous BC Liberal government, Site C was predicated on massive new LNG investments — so its business case was greatly undermined when LNG failed to take off.

Based on project descriptions, Woodfibre LNG and LNG Canada will each have electricity demand of around 1,200 gigawatt hours per year. Another 2,000 to 2,500 gigawatt hours per year would be required for incremental upstream gas extraction and processing.

Thus, we are looking at 4,400 to 4,900 gigawatt hours of incremental demand from LNG, fed by the Site C dam.

The B.C. government is proposing to lower the rate paid for electric power for new LNG facilities to the “heritage” rate for BC Hydro electricity. The previous Liberal government had published a schedule of electricity pricing for LNG at prices somewhat lower ($86.55 per megawatt hour in 2023) than the cost of Site C power ($88 to $110 per megawatt hour).

Instead, the heritage rate for industrial customers is more like $40 per megawatt hour — less than half the cost of supplying new power through the Site C dam. The value of that cheap power is worth tens of millions of dollars per year to LNG proponents.

For each of Woodfibre LNG and LNG Canada (at full build-out) the value of that subsidy ranges from $56 to $83 million per year (depending on the final cost of Site C, which could escalate further), which will be paid by all other customers through higher rates.

As we’ve documented, Site C is not needed if B.C. were to wind down its fossil fuel industries, as the science says we should. Instead, we are building power we don’t really need to power fossil fuel production that is inconsistent with Canada’s commitments under the Paris Agreement.

NorthReport

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