Energy policy

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Despite Canada’s climate change commitments, the country’s “big five” banks continue to finance and support the expansion of fossil fuel industries. In fact, the extent of the banks’ support since the oil price collapse in 2014 shows that this backing hinders Canada’s progress on reducing emissions. 
“I felt the need to write my story when Manitoba Premier Brian Pallister released the economic review of Bipole III and Keeyask Hydro projects, prepared by former Saskatchewan Premier Brad Wall in November 2020. This report reached an inaccurate conclusion.  It claimed there was no compelling evidence of sufficient opposition to force the government of Manitoba to make a decision, in 2005, to scrap Manitoba Hydro's plans to construct Bipole III down the East of Lake Winnipeg. Wall is wrong: there was plenty of opposition.” Don Sullivan
VANCOUVER — A one per cent tax on wealth over $20 million would generate nearly twice as much revenue as previously calculated by the Parliamentary Budget Officer, money that could lift thousands of Canadians out of poverty and fund health, social and environmental programs says new research by the Canadian Centre for Policy Alternatives, BC Office. 
On his first day in office, US president Joe Biden revoked the permit for the controversial Keystone XL (KXL) pipeline. The partially built project was supposed to carry bitumen from the Alberta tar sands to Gulf Coast refineries in the United States. Green-lighted by Donald Trump in 2017, but delayed in the courts for years, this climate-busting project is now thankfully dead.
"If we learn anything from COVID-19," write Lindsay McLaren and Trish Hennessy in their cover feature for this issue, "it should be that we need to build and foster a more comprehensive version of public health that acts on what we know about the social determinants of well-being." Economy and health are not separate things, they argue, and public health policy should not be limited to matters of primary care.
This report concludes that the Trans Mountain pipeline expansion project (TMX) is not needed to meet forecasted Canadian capacity needs. The author, J. David Hughes, also demonstrates that contrary to claims that bringing heavy oil to tidewater for export to Asia will fetch a higher price, it will likely instead sell at a loss of $4-$6 per barrel. 
VANCOUVER - Les prévisions qui sous-tendent l’engagement de 12,6 milliards de dollars du gouvernement fédéral à l’égard du projet de doubler la capacité de l’oléoduc Trans Mountain (TMX) ne tiennent plus la route en 2020, selon un nouveau rapport de géologue d’expérience David Hughes.
VANCOUVER - The assumptions underlying the federal government’s $12.6 billion commitment to the Trans Mountain pipeline expansion project (TMX) no longer stand up in 2020, according to a new report from veteran earth scientist David Hughes.

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