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The company blames low energy prices and a shifting business landscape.
The claim that B.C. LNG will result in emissions reductions in China is one that British Columbians have heard repeatedly over the past four years. The story by now should be familiar: producing and shipping liquefied natural gas from B.C. will be good for the global climate.
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Splat. It would seem British Columbia's 41st general election is well underway. News that someone may have hacked the B.C. Liberal party's website caused quite the uproar. Charges, counter-charges, flurries of tweets, threats of lawsuits, privacy investigations, possible police investigations, it had it all.
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The B.C. government is in the midst of saturating television shows and social media news feeds in the province with a multimillion-dollar back-patting advertising campaign in advance of the 2017 election. The B.C. Liberal party -- who clearly have money to burn -- is getting in on the act as well with mood-setting political ads.
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The federal government's approval of the Pacific NorthWest LNG project has been presented as a positive outcome for industry and government, and a negative one for First Nations. The simple truth is, not all First Nations are opposed to the project. In fact, many along the project's route are in favour, and here's why
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We cannot spend tens of millions of dollars promoting a low carbon future while also spending tens of millions promoting extractives. With the Agreement in full force, Canada can pivot its approach to international assistance to reflect real policy coherence. We need to support small-scale, decentralized clean energy programs that promote pro-poor, gender sensitive projects.
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Don't get me wrong: B.C. truly is a glorious place -- the type of place you can fly over in a seaplane and easily think the wilderness will never end. But it's also one of the world's last frontiers and the race is on to cut down our old-growth forests, to send more oil tankers into our ports, to build natural gas plants in our salmon estuaries and to flood our rivers for megadams.
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The hidden subsidies come on top of B.C. Premier Christy Clark's many concessions to the natural gas industry, including more than a billion dollars in royalty breaks, a freeze on the provincial carbon tax and taxpayer-subsidized promotion and marketing.
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MaryAnn Mihychuk's officials told her it was inevitable that companies would need temporary foreign workers to proceed with energy projects in Western Canada.
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B.C. may still see an LNG plant, but as for that $1 trillion in economic activity and $100 billion prosperity fund the only step left is to call time of death. There's an upside for the government. The public never bought the hype in the first place.
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If consumers in Asia use British Columbian LNG, the global emissions will be 20 per cent lower than LNG from our competitors. If this LNG replaces coal, the global benefit is even greater as it will produce less than half the emissions of a comparable coal plant. In both cases, B.C. LNG is better for the planet than the alternatives.
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British Columbia is one of the jurisdictions racing to supply Asia with LNG. Because there are more LNG proposals under consideration than there are needs in Asia, this opportunity is a race against time, or more accurately, a race against hundreds of other projects around the world.
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Canadians have come to expect that politicians will take a few liberties with facts as they spin issues to suit their purpose. A master practitioner of the art form is the B.C. government, with spin that can be light in the accuracy department.
The report is "a symbol of what is wrong with environmental decision-making in Canada."