
The B.C. government has announced a $78 million budget surplus for fiscal 08-09 according to Finance Minister Colin Hansen. This is despite total revenues dropping $1.5 billion from last year. But what increased is what is really interesting:
Natural resource revenues increased, however, to $70 million, largely due to the natural gas sector. In 2008, land lease sales were going for $655 per acre in northeastern B.C., and the sale of six drilling licenses attracted bids of more than $67 million.
According to links in the Tyee, the oil and gas industry has been nurtured under the B.C. Liberal government, with royalty breaks handed out in March in order to encourage companies. At the time, B.C.’s energy minister Blair Lekstrom said:
“In these times of economic instability, it is imperative that we take action to support and encourage economic activity that will continue to provide jobs for British Columbians in B. C.’s oil-and-gas industry and its key support sectors. Expanding this already successful royalty program to $120-million in available royalty credits will improve our competitive position for attracting investment.”
I don’t want to overly criticize natural gas when it’s considered the cleanest of all the fossil fuels. Composed of mainly methane, the combustion properties of natural gas are carbon dioxide and water vapour, which is precisely the same emissions of a human being. Oil, on the other hand, has much more complex structures with a far higher ratio of carbon being released into the atmosphere. Natural gas only releases small amounts of sulfur dioxide and nitrogen oxides, low levels of CO2, CO, and other hydrocarbons. Having said that, natural gas accounts for 99% of the emissions from fuel use within Canadian homes. The energy sector was responsible for 82% Canada’s total GHG emissions in 2005, with the majority of those emissions originating from combustion sources [46%]. Transportation, i.e.: driving around in your car, accounted for 26.7%.
The infrastructure projects that assist oil and gas industries directly contribute to the growth of industry known to create carbon emissions that are believed, by many, to contribute to global climate change.
I wouldn’t have any problem with any of that, except for the fact that last summer Gordon Campbell implemented his infamous carbon tax at the pump, an inflated 2.4 cents per litre. On Dominion Day it went up to 3.6 cents per litre, and by 2012 will reach 7.2 cents per litre. According to the government, all this accomplishes, at best, is a 30% reduction in our CO2 emissions by 2020 for the province. In 2006, B.C. emitted 62.3 million tonnes of CO2 [or equivalent]. This amount is 8.6% of Canada’s total 721 Mt GHG emissions. So what we’re talking about here, to settle some facts:
A 30% reduction of 8.6% of Canada’s CO2 emissions, which represents 2.3% worldwide [2004 count]. B.C. is therefore contributing to a 0.22% of global emission reductions, or two-tenths of one percent. To accomplish this, they’re taxing B.C. drivers at a rate of 3.6 cents per litre of fuel. And while they’re taxing us this amount, they’re taking tax revenues and subsidizing and constructing infrastructure for the very same companies that are contributors to our GHG emissions.
Does that make any sense to you?

















