In-Sights: Gas sales in new fiscal year begin on a sour note

Premier Clark and friends are organizing demonstrations, trying to keep the LNG fantasy alive with voters, at least for another year. BC Liberals won’t admit economic reality but producers have already passed judgment on the future of the BC gas industry. Looking at monthly sales of gas rights, we find the six worst-ever sale results ...

In-Sights: Gas sales in new fiscal year begin on a sour note

Stephen Hume Premier Clark and friends are organizing demonstrations, trying to keep the LNG fantasy alive with voters, at least for another year. BC Liberals won’t admit economic reality but producers have already passed judgment on the future of the BC gas industry. Looking at monthly sales of gas rights, we find the six worst-ever ...

In-Sights: Gas sales in new fiscal year begin on a sour note

Stephen Hume Premier Clark and friends are organizing demonstrations, trying to keep the LNG fantasy alive with voters, at least for another year. BC Liberals won’t admit economic reality but producers have already passed judgment on the future of the BC gas industry. Looking at monthly sales of gas rights, we find the six worst-ever ...

In-Sights: What’s good for the BC Liberals may not be good for BC Hydro

An article by Dermod Travis of Integrity BC. First published February 15, 2016, repeated here with permission. One of the last things anyone would ever imagine the B.C. government doing is adopting an old NDP program, but that’s exactly what Energy and Mines Minister Bill Bennett did this month when he announced a five-year, $300 ...

In-Sights: What’s good for the BC Liberals may not be good for BC Hydro

An article by Dermod Travis of Integrity BC. First published February 15, 2016, repeated here with permission. One of the last things anyone would ever imagine the B.C. government doing is adopting an old NDP program, but that’s exactly what Energy and Mines Minister Bill Bennett did this month when he announced a five-year, $300 ...

In-Sights: What’s good for the BC Liberals may not be good for BC Hydro

An article by Dermod Travis of Integrity BC. First published February 15, 2016, repeated here with permission. One of the last things anyone would ever imagine the B.C. government doing is adopting an old NDP program, but that’s exactly what Energy and Mines Minister Bill Bennett did this month when he announced a five-year, $300 ...

In-Sights: BC Liberals’ special partners

Again, another contribution from an In-Sights reader who is closely following the situation in Malaysia and asking why British Columbia wants to trust part of its economic future to these people. On Friday an Australian Broadcasting Corporation news story – written by Linton Besser, Jaya Balendra, Elise Worthington – was published in Malaysia. WORLD BLOCKBUSTER: ...

In-Sights: Industry as policy maker or welfare bum

Many people believe that BC Hydro’s current job #1 is enabling the delivery of water and cheap power to northeast gas fields. If true, that serves as proof that government policy is being dictated by one favoured industry – an industry that presently employs only a tiny proportion of the province’s workforce. In the current ...

In-Sights: Favoured friends

After the Campbell Liberals were  elected in 2001, influences of special business interests grew rapidly. Under Christina Clark’s leadership, non-renewable resource companies wield great political power and they use it to minimize regulations and taxation and maximize subsidies. In fiscal year 2016, mining companies and gas producers contribute a small fraction of the provincial budget. ...

In-Sights: Takin’ care of business, part x

As consumers, we are told that Canadian retail prices must be set above American because the costs of operation are higher north of the 49th parallel. For that reason, cars manufactured in Ontario have larger price tags in British Columbia than in California. Similarly, Korean cars transported to New Westminster are more expensive than similar ...

In-Sights: Truth found in numbers, lies found in words

I am reading budget documents and will soon be writing more about the provincial government’s financial smoke and mirrors but I have initial comments. Natural Gas BC Liberals, particularly Premier Clark, are proving to be a fine investment for British Columbia’s natural gas producers. Today’s budget predicts gas royalties will be $151 million for the ...

In-Sights: Vanishing revenues

With land developers, the largest funders of the BC Liberal Party are natural resource companies. They’ve contributed millions of dollars to encourage government sympathetic to their needs. No administration in the province’s history has been as sympathetic to natural gas producers as the present one and benefits to them measure in the billions. I offer ...

In-Sights: Gas production ↑ 85%, public revenue ↓ 90%

To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity. – Douglas AdamsDays ago, Premier Clark averred that meeting needs of children in government care is dependent on new funding from new industrial and commercial activities in British Columbia: “We don’t have the ...

In-Sights: Rich lands, poor people

GDP measures income, but not equality, it measures growth, but not destruction, and it ignores values like social cohesion and the environment. – OECDIf a province allows extraction of natural resources and takes back little or no share of produced value, its gross domestic product (GDP) may rise on paper but its citizens become poorer ...

In-Sights: Distortions and half-truths but mostly outright lies

February 13, 2013, Premier Christy Clark announced: …the new British Columbia Prosperity Fund to ensure communities, First Nations and all British Columbians benefit from the development of a new liquefied natural gas (LNG) industry… LNG development is poised to trigger approximately $1 trillion in cumulative GDP within British Columbia over the next 30 years and ...

In-Sights: When industry buys a government…

Who knew that Christy Clark would make Gordon Campbell look like an effective, if somewhat dishonest, Premier. #bcpoli — Norm Farrell (@Norm_Farrell) December 4, 2015 Did gas industry get a good deal when they bought a government? You betcha! #bcpoli #cdnpoli (rights & royalties) pic.twitter.com/5mRrAdRWH1 — Norm Farrell (@Norm_Farrell) December 4, 2015 In last 5 ...

In-Sights: Ahem, indeed

A while back, I complained on Twitter that corporate media types were failing to report on the near complete disappearance of revenues from this year’s monthly sales of petroleum and natural gas rights. Northern reporter Jonny Wakefield had a quick one-word response that had me pedaling backward: @Norm_Farrell ahem — Jonny Wakefield (@jonnywakefield) November 8, ...

In-Sights: Trusted editorial content may not be trusted

Postmedia is a company in trouble. It cannot sustain crippling debt to American debt holders with revenues from traditional advertising, circulation and digital paywalls. One of its responses is Postmedia Content Solutions, which aims to elicit cash in controversial ways. Part of their sales pitch: We’ve learned that advertisers receive increased engagement when pairing their ...

In-Sights: Avoidance / Evasion: often a fine line

The price isn’t right, Corporate profit-shifting has become big business, The Economist: DURING THE TAX-EVASION trial of Leona Helmsley, a flamboyant hotelier, a former housekeeper testified that she heard her employer say: “We don’t pay taxes. Only the little people pay taxes.” These days, multinational companies stand accused of taking a similarly haughty attitude to ...

In-Sights: Huge cost, high risk, low government revenue, few permanent jobs, better choices

LNG and Employment in BC, Marc Lee, Canadian Centre for Policy Alternatives, Juy 28, 2015: This brief examines the BC government’s claim that 100,000 jobs will be created from liquefied natural gas (LNG) projects in this province. We find that this claim is not credible and that potential employment impacts have been grossly overstated. In ...

In-Sights: BC lumber exports drop $46 billion over 9 years

These graphs are drawn from softwood lumber exports data published by BC Stats. My aim is to compare results in recent years to those from the desperate nineties when wild-eyed anti-business socialists governed British Columbia. The NDP administered BC for nine complete fiscal years, April 1992 to March 2001. I have compared that period to the ...

In-Sights: Log exports update

Once again, we review log export reports from BC Stats. However, instead of repeating 163,452 data points from January 1988 to May 2015, I aim to demonstrate trends that allow conclusions to be drawn from the information. The quantity of BC raw logs shipped overseas has increased by 500% since the nineties. Surprisingly, the unit ...

In-Sights: One other Commission of Inquiry is needed

I have no doubt the BC Liberal involvement with Big Pharma is at the root of high-level government decisions to knee-cap research into the safety and efficacy of more than $25 billion worth of pharmaceuticals sold each year in Canada. Drug research conducted by the Health Ministry and agencies like Therapeutics Initiative threatened the financial ...

In-Sights: Serving public or corporate interests?

The audio file below is a recording of my time with Ian Jessop June 17. We talk about LNG and resource taxation, inter-provincial cooperation on resource matters and oil spill response capability. Your browser does not support this audio

In-Sights: Remembering the desperate nineties

Much of British Columbia’s recent political history has been written by a Liars Club sponsored by beneficiaries of corrupt public administrations. One fable claims that BC Liberals rescued the provincial economy in 2001 after a decade of socialist mismanagement. Yet facts assembled by Statistics Canada paint a different scenario. I’ve previously demonstrated that the NDP ...