Residents pay; free ride for others

Should multi-billion dollar companies get a free ride on the backs of B.C. families when it comes to carbon tax?

To the editor;

Is it a coincidence that the recent proclamation by Premier Christy Clark redefining “clean energy” for three multi-billion liquid natural-gas (LNG) corporations created unexpected wealth for a select few shareholders of Progress Energy Resources Corp.?

This LNG corporation has ownership in one of the three LNG projects identified in Clark’s definition that burning natural gas is “clean”.

Progress Energy Resources Corp (PRQ) traded at $11.58 prior to the premier’s announcement. One week after the announcement, the company was sold to a Malaysian purchaser for $ 20.45 per share ,equating to a 77 per cent increase on the existing $11.58 share price.

The total value of the sale was $5.5 billion. The one-week gain equalled $2.4 billion enjoyed by previous shareholders of PRQ.

The carbon tax on gas of seven cents per litre still applies to every B.C. resident.

This is a formula to ensure residents contribute $30 per tonne to the province for contributing to greenhouse-gas emissions.

The three corporate LNG projects favoured by our premier will emit 20 to 30 per cent of B.C.’s total greenhouse-gas emissions by 2016 and will likely not pay anything for their pollution.

If they were taxed like the general public, their release of 20 megatonnes of greenhouse gas at $30 per tonne would contribute $600 million of carbon tax per annum, which could be directed toward the research for reduction of greenhouse gas or to the health-care budget.

Once again, the population of B.C. will be subsidizing multibillion-dollar polluting corporations.

The explanation by Environment Minister Terry Lake is that his B.C. Liberal government can’t drive business from the province by applying the carbon tax.

Lake’s claim isn’t accepted in Alberta, where that province taxes every corporation producing more than 100 kilotonnes of greenhouse gas. The tax equals $15 per tonne of greenhouse gas emitted.

Alberta families driving to work or picking up necessities for their living are exempt from the emissions tax. Alberta recognizes oil and gas businesses won’t leave the province since that is where the resources lie.

This application of tax has Alberta focusing on the large polluters, not the insignificant ones.

The B.C. Liberal government also claims the carbon tax is rebated to British Columbians.

Page 66 of the B.C. Budget confirms this claim is true — with the caveat that 59 per cent of the rebate is paid to profitable industries and corporations.                            …continued on page 7

In other words, major polluters in B.C. receive most of the carbon tax collected.

Some of these are the very oil and gas businesses that aren’t taxed a dime for venting megatonnes of greenhouse gasses from their pipelines.

The redefinition by the premier that possibly increased the share price of Progress Energy Resources Corp. will also help the earning potential of one of the largest corporations on the planet.

Does it warm everyone’s heart that the Liberal government will not be charging Shell Oil a carbon tax on greenhouse-gas emissions?

When a government makes a policy that positively affects a selected few corporations, you can expect the rest of the population and our environment to pay a heavy price.

Should multi-billion dollar companies get a free ride on the backs of B.C. families?

John Sternig

Heffley Creek


Just Posted

Residents line up outside the Vernon Recreation Complex for their COVID-19 vaccine Saturday, June 5. (Jennifer Smith - Morning Star)
No appointments necessary for first dose COVID-19 vaccine: Interior Health

People can just show up at clinics, register on the spot and get the shot

(TNRD Library)
Let the mystery of the Summer Reading Club begin

Are you ready to ‘Crack the Case’ at the Barriere Library?

(Metro Creative photo)
Gardeners of all ages invited to enter 2021 NT Fall Fair contests

The North Thompson Fall Fair Drive Thru scheduled for Saturday, Sept. 4,… Continue reading

Milsom Lodge was built in the East Barriere Valley when the Milsom brothers purchased two parcels of land in 1911, DL 2323 and DL2324. (Milsom’s photo)
The Milsom Lodge: The mansion, the ballroom, the history

“At the turn of the century, when so many families were leaving… Continue reading

Canadian Prime Minister Justin Trudeau participates in a plenary session at the G7 Summit in Carbis Bay, England on Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Canada donating 13M surplus COVID-19 vaccine doses to poor countries

Trudeau says the government will pay for 87 million shots to be distributed to poor countries

Kelowna-Lake Country MLA Norm Letnick, assistant deputy speaker at the B.C. legislature, presides over committee discussions. The legislature is completing its delayed spring session this week, with most MLAs participating by video conference. (Hansard TV)
B.C.’s daily COVID-19 infections dip below 100 over weekend

Only 68 new cases recorded Monday, four additional deaths

The BC Ferries website went down for a short while Monday morning following a provincial announcement that recreational travel between health authorities can resume Tuesday. (Black Press Media file photo)
BC Ferries’ website crashes in wake of provincial reopening announcement

Website back up now, recreational travel between health regions to resume as of Tuesday

The Kamloops Indian Residential School is photographed using a drone in Kamloops, B.C., Monday, June, 14, 2021. The remains of 215 children were discovered buried near the former school earlier this month. THE CANADIAN PRESS/Jonathan Hayward
Communities grapple with what to do with former residential and day schools

Some tear them down as a tool to help healing, others repurpose them as tools for moving forward

FILE – Provincial health officer Dr. Bonnie Henry talks about B.C.’s plan to restart the province during a press conference at Legislature in Victoria, Tuesday, May 25, 2021. THE CANADIAN PRESS/Chad Hipolito
B.C. watching U.K.’s COVID struggles but don’t think province will see similar pitfalls

Studies show that one dose of vaccine is only 33 per cent effective in preventing B.1.617.2 spread

RCMP Const. Shelby Patton is shown in this undated handout photo. RCMP say that Patton was hit by an allegedly stolen truck that he had pulled over on Saturday morning in Wolseley, east of Regina. THE CANADIAN PRESS/HO, RCMP
Pair charged in Saskatchewan Mountie’s death make first court appearance

Const. Shelby Patton was hit by an allegedly stolen truck that he had pulled over Saturday morning

David and Collet Stephan leave for a break during an appeal hearing in Calgary on Thursday, March 9, 2017. THE CANADIAN PRESS/Todd Korol
Appeal Court rejects stay for Alberta couple facing third trial in son’s death

Pair accused in their earlier trials of not seeking medical attention for their son sooner

Highway notices like this come down effective June 14. Public health restrictions on non-essential travel and commercial operation have hit local businesses in every corner of B.C. (B.C. government)
Province-wide travel back on in B.C.’s COVID-19 restart plan

Gathering changes include up to 50 people for outdoor events

Calgary Stampeders’ Jerome Messam leaps over a tackle during second half CFL western semifinal football action in Calgary, Sunday, Nov. 15, 2015.THE CANADIAN PRESS/Jeff McIntosh
CFL football will be played this summer in Canada

Governors vote unanimously in favour to start the ‘21 campaign on Aug. 5

Most Read