LNG is incompatible with BC’s climate obligations
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Marc Lee | July 11, 2018
Now that we are in a sunny lull between the end of flooding season and the start of fire season, it’s time we had a talk about fossil fuels and climate change in BC. The BC government deserves praise for standing up to Alberta and the federal government over the Trans Mountain Pipeline Expansion (TMX), …
Tax breaks and subsidies for BC LNG
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Marc Lee | July 5, 2018
At the height of LNG-mania in 2013/14, high prices in Asia fueled a gold rush mentality in BC—based on shipping cheap BC gas to Asia for mega-profits. But those high prices proved only temporary, and by 2015 the economic case for LNG (liquified natural gas) turned on its head. The subsequent Asian price for gas …
BC public pensions fuel climate change crisis
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Zoë Yunker, Jessica Dempsey and James Rowe | June 25, 2018
If you have a public pension in BC, your retirement savings are likely fuelling the climate change crisis. The pensions of over half a million British Columbians are administered by the British Columbia Investment Management Corporation (BCI), formerly known as the bcIMC. It’s the fourth largest pension fund manager in Canada and controls one of …
Canada’s Fossil-Fuelled Pensions: The Case of the British Columbia Investment Management Corporation
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Zoë Yunker, Jessica Dempsey and James Rowe | June 25, 2018
The British Columbia Investment Management Corporation is the steward of BC’s public pensions, but bankrolls companies whose current business models exceed the climate change targets agreed to in the Paris Agreement to which Canada is a signatory. This report shows that the Corporation’s claims of responsible investment are more talk than walk, as its actions are not …
