Jobs vs the Environment? Mainstream and alternative media coverage of pipeline controversies
by Robert A. Hackett and Philippa R. Adams | December 19, 2018
Much of the argument advanced in support of expanding Canada’s fossil fuel production centres on job creation and economic benefits. Politicians, pundits and corporate spokespeople who support fossil fuel infrastructure projects—such as new oil and gas pipelines—often evoke this rhetoric when they appear in the media. This study examines how the press—including corporate and alternative …
Seven questions about Alberta’s oil production cut
by Ricardo Acuña | December 6, 2018
On Sunday evening Alberta Premier Rachel Notley announced to the province that her government was legislating a temporary 8.7 per cent cut in the production of bitumen and conventional oil starting January 1, 2019. To the degree that the current price differential is the result of an excess supply of bitumen in the face of …
Boom, Bust, and Consolidation: Corporate Restructuring in the Alberta Oil Sands
by Ian Hussey, Eric Pineault, Emma Jackson and Susan Cake | November 7, 2018
This report analyzes the economics of the five largest bitumen extractive corporations in Canada. The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil, and Husky Energy. The report examines the key features of the five firms and analyze their accumulation dynamics in the context of the latest commodity cycle: …
Shielding fossil fuel corporations from public scrutiny: The new “neutral”?
by Ben Parfitt | October 31, 2018
British Columbia’s Environmental Assessment Office bills itself as a “neutral” provincial agency. But there is evidence that this is not the case, and that BC Environment Minister George Heyman — who is tasked with “revitalizing” the province’s environmental assessment law — needs to make serious reforms. When a public regulator makes major decisions behind closed …
Dangerous precedent: Petronas subsidiary gets free pass after building unlicensed fracking dams
by Ben Parfitt | October 22, 2018
In a decision without precedent in its 25 years of existence, British Columbia’s Environmental Assessment Office (EAO) has told Progress Energy that two massive unauthorized dams that it built will not have to undergo environmental assessments. The decision comes after the company made an audacious request to the EAO to have the two dams declared …
Who owns Canada’s fossil-fuel sector? Mapping the network of ownership and control
by William K. Carroll and M. Jouke Huijzer | October 18, 2018
This study shows that substantial ownership and strategic control over Canada’s fossil-fuel sector are in the hands of a few major players, including all the Canadian big banks and several US investment funds, governments and some wealthy families—many of which are located outside Canada. And, these investors have high stakes in maintaining business as usual …
LNG Canada: Short-term politics trumps long-term climate responsibility
by Marc Lee | October 4, 2018
LNG Canada’s final investment decision to build a natural gas liquefaction facility in Kitimat is a triumph of short-term politics over long-term responsibility to act on climate change. Exaggerated numbers have been used to sell the project to the public, while risks have been downplayed. The politics of liquefied natural gas (LNG) have a certain logic …
Paved with good intentions: A guide to evolving climate policies in BC
by Marc Lee | September 12, 2018
The road to hell is paved with good intentions, an economics professor of mine used to say back in the late 1980s. Concerned about the federal government’s inability to reign in fiscal deficits, hell back then was hitting a “financial wall” where the markets would no longer lend or would only do so at catastrophically …
Tailings dam spills at Mount Polley and Mariana: Chronicles of disasters foretold
by Judith Marshall | August 28, 2018
Leia a versão em português This paper explores the many parallels between the tailings dam spills at the Mount Polley mine in British Columbia (BC), Canada, and the Samarco mine in Mariana, Minas Gerais, Brazil. The Mount Polley disaster took place in August 2014, when the dam holding toxic waste from the copper and gold …
The Petro State Lackey: How BC’s zest for natural gas fuels Alberta’s oil sands
by Ben Parfitt | August 8, 2018
In the past year, an energy dispute for the ages has played out in Canada, culminating in the federal government announcing that it will buy an aging oil pipeline for $4.5 billion and then twin it with a new high-capacity pipeline that would move massive amounts of diluted bitumen from Alberta to tidewater in British …
Tax breaks and subsidies for BC LNG
by 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 …
Canada’s Fossil-Fuelled Pensions: The Case of the British Columbia Investment Management Corporation
by 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 …