Revenue from forestry has topped natural gas royalties in 12 of the past 13 fiscal years, but the sector will likely play a supporting tole in the foreseeable future with reduced timber supplies
The natural gas industry is poised to take centre stage in British Columbia’s economy and overtake the forestry sector as the largest contributor to the province’s resource revenue.
Despite commitments to align their portfolios with net-zero emissions, Canada’s largest banks are increasingly financing fossil fuel companies and pushing their decarbonization goals out of reach.
I’m listening to John Coltrane through my headphones as I type, in an effort to stay calm enough that I don’t just start sputtering. You might want to do likewise as you read.
The Gitanyow Nation is calling on both the provincial and federal governments to do something about deceptive ad campaigns that greenwash the climate impacts of liquified natural gas projects in B.C.
Its concerns relate to a deluge of paid ads across the province touting claims by gas companies that LNG is somehow a green source of energy aligned with net-zero emissions targets.
Western provinces are selling fracked gas as a global climate solution. But experts across the Pacific say that’s ‘outdated’ and inaccurate.
Oil and gas companies have for years marketed fracked gas from B.C. as a global climate solution, with some industry boosters even going so far as to call Canada’s supply of the fossil fuel the “cleanest in the world.”
The same week one of B.C.’s proposed LNG projects was delayed, Canada’s energy minister mused about the risk of fossil fuel investments as the clean energy transition picks up speed.
The final investment decision for the Cedar LNG project, backed by the Pembina Pipeline Corp. and the Haisla First Nation, will be postponed until mid-2024, it was announced last week.
