The BC NDP government taxes fossil fuels severely to discourage consumption by citizens. That is an appropriate policy choice but the same government turns around and offers huge public subsidies to producers with the aim of increasing production and leading politicians pretend that is free of environmental harm since the
Continue readingTag: oil and gas
Northern Currents –: Conservative Premier Scott Moe sides with Big Oil campaign, ignores the climate crisis
Regina city councillors proposed legislation to ban advertisements from oil and gas industry. The industry responded with an astroturfing campaign. Here we have yet another example of right-wing politicians supporting powerful oil and gas corporations. These corporations are so powerful that they can shape narratives and create false populist movements.
Continue readingIn-Sights: Oilberta
Alberta has long been a puppet of the oil and gas business but Kenney’s compulsion to deliver benefits to this private sector is unprecedented. It is as if Alberta’s right wing government looked at what Norway has been doing and decided to do the exact opposite. In the first 13
Continue readingEarthgauge Radio: Newfoundland preps for more offshore oil as climate crisis deepens
An advance leak from the forthcoming United Nations (U.N.) Intergovernmental Panel on Climate Change (IPCC) report on Oceans and Cryosphere confirms that the climate crisis is deepening. According to the leak, the U.N. report concludes that changes to global oceans, glaciers, and melting permafrost will unleash disaster upon the world
Continue readingIn-Sights: Oil at $10-$20 a barrel?
Oil has a massive incumbency advantage. The industry has invested heavily in politicians and corporate media, the fools and tools it needs to keep billions of dollar in subsidies flowing from the public to the private sector…
Continue readingIn-Sights: Sacrificing the future
Norway made a choice to take a material share of oil and gas revenues and distribute the value of its non-renewable resources to citizens over multiple generations. Alberta, British Columbia and Saskatchewan chose to benefit whichever corporations happened to be involved when production of oil and gas took place…
Continue readingThe Progressive Economics Forum: Alberta must find alternatives to cutting social spending
I have an opinion piece in today’s Edmonton Journal about Alberta’s current fiscal situation. Points raised in the blog post include the following: -The Jason Kenney government will almost certainly announce cuts to social spending in the near future. -Yet, more than 80% of Alberta’s kindergarten through Grade 3 classes
Continue readingThe Progressive Economics Forum: Low taxes are nothing to brag about
I’ve written an opinion piece that appears in today’s Regina Leader-Post. The piece argues that the Saskatchewan government shouldn’t brag about the province’s low-tax climate (which it recently did). Rather, I argue that taxes serve important functions. The link to the opinion piece is here.
Continue readingIn-Sights: Whoppers, big and small
Charles Adler believes we should speak clearly. However, he said nothing about speaking accurately, a quality not always compatible with political propaganda.
Continue readingThe Progressive Economics Forum: Income Inequality and Redistribution in Venezuela
I had been waiting for last month’s publication of the book “Confronting Inequality” before preparing my annual update on income inequality and redistribution in Canada. I am glad I did because the book presents new and exciting empirical findings that shed light on the age-old equity/growth debate (more on that
Continue readingIn-Sights: Ministry’s cozy relationship with industry costs taxpayers billions
As is typical of resource management, the regulating ministry sees its prime purpose is to enhance growth and profitability of companies extracting resources. the public share of produced values is no longer material. This cozy relationship costs taxpayers billions of dollars, money that could be spent on renewable energy, transit,
Continue readingDead Wild Roses: Alberta Lurching Forward – The No Tide Water Problem
We have too much oil in Alberta. “The province’s landlocked oil is selling for a massive discount. The world price is hovering around $55 US per barrel. The price Alberta gets is called the Western Canada Select price — and that’s worth about $12 per barrel. The gap is called
Continue readingIn-Sights: Canadian natural resources almost given away to mostly foreign owned producers
In Norway, with 5.3 million people, upstream petroleum companies are subject to a 27% petro tax plus a special tax of 51%. Alberta petroleum tax is less than 4%. BC’s is near zero.
Continue readingThe Progressive Economics Forum: Was Innis Wrong?
The question is taken from the title of an article by Nancy Olewiler of Simon Fraser University in the Canadian Journal of Economics (November 2017), which, as it happens, was delivered as the Innis Lecture at the meetings of the Canadian Economics Association in 2017: “Canada’s dependence on natural capital
Continue readingIn-Sights: Canada inflating the carbon bubble
Canada, British Columbia, Alberta and Saskatchewan are today committed to pumping billions of dollars into the inevitable carbon bubble. Delaying transition to renewables to extract additional wealth from fossil fuels is dangerous Smarter people than Notley and Trudeau prefer a different approach.
Continue readingIn-Sights: Climate change denial and the economic policy of idiots
Committing billions of taxpayers’ dollars to ensure the public carries all economic risks of the Trans Mountain project is not only financially unsound, it requires a commitment to climate change denial similar to that of Trump’s EPA assassin Scott Pruitt. The positions of Canada and Alberta show absolute ignorance of
Continue readingThe Progressive Economics Forum: Saskatchewan budget misses opportunity on rental housing assistance
I recently wrote a ‘top 10’ overview blog post about the 2018 Saskatchewan budget. Following on the heels of that, I’ve now written an opinion piece about the budget’s announcement of a phase out a rental assistance program for low-income households. Points raised in the opinion piece include the following:
Continue readingIn-Sights: We’re robbed and federal competition agency is silent
Removing the impact of gas tax and GST, our American neighbours pay as much as 38¢ a litre less. That amounts to $23 for a 60 litre fill-up. Based on average consumption, we suffer about $1,000 a year in excess charges for each vehicle. It appears that industry collusion and
Continue readingIn-Sights: Canadians spit into the wind
Slowing of growth in carbon emissions falls well short of the sharp drop in carbon emissions thought necessary to achieve Paris climate goals. We need a far more decisive break from the past…
Continue readingThe Progressive Economics Forum: Ten things to know about the 2018 Saskatchewan budget
I’ve written a ‘top 10’ blog post about the recently-tabled Saskatchewan budget. Points raised in the blog post include the following: -This year’s budget was quite status quo. -Last year’s budget, by contrast, included a series of cuts to social spending. Last year’s budget also announced cuts to both personal
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