Fossil fuel subsidies
(This the third part in a series about problem with fossil fuel subsidies.)
The province continues to support liquefied natural gas, which at the same time undermines the CleanBC plan and other climate progress the provincial government is making.
B.C. has new plans to provide long-term support to the LNG sector through new subsidies and increasing access to existing ones. The B.C. government invested $86 million in public funds in LNG Canada’s plant in Kitimat. It also has provided $100 million in capital funding to local communities along the LNG pipeline to build infrastructure projects.
The province is unique in its complex subsidy framework for natural gas production. Through an array of measures, the provincial government continues to make concerted efforts to expand natural gas extraction and support exports, in particular for liquefied natural gas (LNG). BC has made long-term commitments subsidizing the production of the fossil fuels that cause climate change, locking in high-carbon infrastructure for decades.
Both the provincial and federal governments have stated their intention to work together to increase access to electricity for supporting natural gas production. Multiple transmission lines between the Site C dam and LNG facilities are being paid for by the federal government and BC Hydro, ensuring the electricity from the $16 billion........
© Castanet
